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Events and Programs
Events and Programs
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2013 Unrelated Business Income Tax

February 20-22, 2013
Gaylord Palms Resort & Conference Center
Kissimmee, FL

Schedule

Wednesday, February 20

12:00 pmRegistration Opens
1:00 pmWelcome and Introductions
1:15 pmUBI Basics and Update

Speaker(s):
Joseph Irvine, The Ohio State University
Edward Jennings, University of Michigan

Join us for a review of the statutory framework definition of unrelated business income, the exceptions, and the modifications.  This session is a good refresher for veterans or a foundational overview for those new to higher education.
2:45 pmRefreshment Break
3:00 pmQualified Sponsorship Payments

Speaker(s):
Joseph Irvine, The Ohio State University

Corporate sponsorship or advertising?  This session will examine the IRS rules in this area and illustrate their application with campus examples and a case study.
4:15 pmPractical Tactics for Managing UBIT

Speaker(s):
Anne Jetmundsen, University of South Florida
Dale Larson, Dallas Theological Seminary

This presentation will discuss concrete approaches to information-gathering and management of UBI issues. Checklists, resources, and best practices will also be shared.
5:30 pmWelcome Reception

Thursday, February 21

8:00 amContinental Breakfast
8:30 amState and Local Tax Issues

Speaker(s):
Erin Couture, PricewaterhouseCoopers LLP
Donna Daday, PricewaterhouseCoopers L.L.P.
Paul Tanis, PricewaterhouseCoopers LLP

This session will address how institutions approach state and local unrelated business income tax filings including: compilation of information from UBI activities (endowment investments, out of state programs, etc.); reviewing state filing requirements; methods used to report income on tax returns (allocation and apportionment); and the impact on other types of tax filings and state registrations.  Also covered will be state voluntary disclosure agreements and amnesty programs, when voluntary disclosure or amnesty should be pursued.  
9:45 amRefreshment Break
10:00 amAdvanced UBIT Issues

Speaker(s):
Wendy Campos, Moss Adams LLP
Tracy Paglia, Moss Adams LLP

This session will go deeper into transactions between related parties, management services provided to other organizations, services provided in conjunction with camps or conference, third-party contracts, and expense allocations.
11:15 amAthletic Department UBI Activities

Speaker(s):
Joseph Irvine, The Ohio State University
Jodi Kessler, Harvard University

This presentation is designed to help tax professionals communicate effectively with college and university athletic departments in order to get the information needed to file an accurate and complete return. The main activities to be discussed relating to athletic departments includes; sponsorships vs. advertising, parking fees, facility rentals, summer camps, and concerts.
12:30 pmLunch
1:30 pmConcurrent Session: Alternative Investments Working Session

Speaker(s):
Nicole Bencik, Crowe Horwath LLP
Geralyn Hurd, Crowe Horwath LLP

This session will be a hands-on working session where institutions will have the opportunity to ask real-life questions with respect to tax compliance issues resulting from alternative investments.  The presenters will begin with a brief case study identifying some of the most difficult schedules K-1 that they’ve seen.  Participants will have the chance to bring examples of their own so the group can brainstorm best practice approaches.
1:30 pmConcurrent Session: Managing UBIT at a Small Institution

Speaker(s):
Dave Moja, Capin Crouse, LLP

Small institutions have numerous questions regarding the unrelated business activities arena.  Many wonder whether or not some of the activities they carry on should be considered as unrelated business activities and reported on the Form 990-T. This session will look at methods to track, analyze, and account for potential areas of UBIT.
2:45 pmRefreshment Break
3:00 pmConcurrent Session: Focusing on UBI from Debt-Financed Income, Royalties, and Controlled Entities etc.

Speaker(s):
Jeff Frank, Deloitte Tax, LLC
Kristina Rasmussen, Deloitte & Touche LLC

The presenters will do a deeper dive into UBI from debt-financed income, royalties, and controlled entities, with a focus on planning opportunities and pointing out traps for the unwary.  
3:00 pmConcurrent Session: Managing UBIT at a Small Institution (Repeat)

Speaker(s):
Dave Moja, Capin Crouse, LLP

Small institutions have numerous questions regarding the unrelated business activities arena.  Many wonder whether or not some of the activities they carry on should be considered as unrelated business activities and reported on the Form 990-T. This session will look at methods to track, analyze, and account for potential areas of UBIT.
4:15 pmUncovering UBIT at Your Institution -Mock Audits and Other Tools

Speaker(s):
Edward Jennings, University of Michigan
Rick Klee, University of Notre Dame
Joel Levenson, University of Central Florida

Help ensure your institution is prepared for an IRS audit.  The presenters will discuss best practices to identify and quantify UBIT as well as managing risks, which will include planning strategies.

Friday, February 22

8:00 amContinental Breakfast
8:30 amCase StudiesParticipants will move into small groups to resolve hypothetical campus scenarios illustrating various concepts and issues related to UBI.
10:30 amRefreshment/Check-out Break
10:50 amCase Study Report Outs and Wrap Up
12:00 pmProgram Adjourns

Program Overview

2013 Unrelated Business Income Tax
February 20-22, 2013

Estimated CPEs:17


Payment Options

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1.800.462.4916

Registration Policy

Cancellation Policy


CPE Information

NACUBO is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.


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