Tax Workshop Webcast
Tax Workshop Webcast
NACUBO’s professional development programs are designed to deliver the skills, concepts, and best practices for success to individuals in the business of higher education. The following course information is provided to help you determine the best learning experience to meet your needs
Estimated 12 CPE Credits
CPE credits can be earned in the following categories: Taxes, Specialized Knowledge.
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.nasbaregistry.org.
Megan Talley, University of Tennessee
Joel Levenson, University of Central Florida
Tracy Paglia, Moss Adams LLP
Along with all of the pandemic-related changes on campuses, there are new employee issues to address. This session will address some of these new tax considerations, including:
‐ How to provide assistance to employees.
-What can be provided under a §139 disaster relief programs?
-When might a separate 501(c)(3) be considered for ongoing employee assistance?
-What is an assistance fund, and what are the restrictions and pitfalls?
‐ Accountable plan issues.
‐ How to handle unusual reimbursement request from employees as well as their tax treatment.
Andrew Gray, Crowe LLP
Darren Bell, University of Texas System Administration
Andrew Gordon, The University of Texas at Austin
Recreational Sports and Athletics activities continue to run up the score, consequently expanding the potential tax issues an institution’s tax/accounting department will encounter. The panel will share real world examples of tax issues they've tackled in recent years. Institutions have evolved significantly while the regulations and tax code applicable to this area have remained relatively unchanged. This presentation will provide a playbook for analyzing tax issues that may arise amidst an ever‐changing environment. With a primary focus on unrelated business income, topics include: sponsorships comprising exclusive provider, license, image and likeness (coach appearances) arrangements, facility usage, space rental, and parking.
Shyamalee Joseph, KPMG LLP
Tara D'Agostino, KPMG LLP
Cassandra Yeancades, Harvard University
Rodney Dole, University of Wisconsin System Administration
The presentation will give an initial overview of relatively new requirement to report and calculate unrelated business income by activity or business, rather than in the aggregate. Panelists will discuss the proposed regulations in detail and provide a debrief of how 512(a)(6) affected the 2018 Forms 990‐T that most higher education institutions filed by July 15, 2020.
Luke Lybrand, University of North Texas System
Dayo Adesuyi, University of North Texas System
Alternative investment reporting compliance (for an entity new to alternative investments).
John Barrett, University of California Office of the President
Edward Bower, University of Cincinnati Main Campus
The IRS and state tax departments (particularly California) have been quick to assert that college or university‐hired independent contracts are misclassified and should be treated as subject to withholding taxes. Under tax audit, the institution can be subject to penalties. This presentation will detail best practices for preparing for worker classification audits to ensure minimal adjustments.
Aaron LeMay, University of Texas Medical Branch
Felicia Tucker, KPMG LLP
Louis Curcio, New York University
The COVID‐19 pandemic has significantly impacted the higher education sector. If colleges and universities didn't have plans for virtual teaching and learning across borders, they do now. And even the most well laid plans have been accelerated and altered. Pre‐COVID, there was a trend towards global activities, and now with COVID, everyone seems to have some sort of global presence, if only because now faculty and students are teaching and learning virtually. Panelists will focus on tax risks for universities, reporting, and Forms 5471, 8858, and 8865 including practical examples and scenarios.
Kristin Dziergowski, Harvard Management Company
Susan Clark, Emory University
Becky Laskowski, University of Notre Dame
With the passage of The Tax Cuts and Jobs Act (TCJA), certain colleges and universities must comply with a “new” net investment income (NII) excise tax. This session will explore how affected colleges and universities implemented the necessary institutional changes for compliance. This session also will provide practical considerations and lessons learned for colleges and universities that either already are subject to this excise tax, or expect that they soon will be, as the guidance in this space continues to evolve.
Sarah Hintz, CliftonLarsonAllen LLP
Casey Green, University of Wyoming
Karen Gries, CliftonLarsonAllen LLP
Tracey Gran, St. Catherine University
For all institutions ‐ especially those with limited or no tax staff - it is important to formulate a practical tax compliance plan to address risks. This panel discussion will provide an institutional perspective on the greatest tax risks facing both public and private institutions along with a practical approach to minimization of the identified risks. Attendees will be asked to rank within their institution the tax and compliance topics during the presentation allowing them to begin to develop a manageable approach to these compliance areas.
Liz Clark, NACUBO
Mary Bachinger, NACUBO
Megan Schneider, NACUBO
Rick Grafmeyer, Capitol Tax Partners, LLP
Explore the current state of play in the nation's capital, discuss the issues that will take shape in the coming year, including those impacted by the 2020 elections, and examine what could lie ahead for colleges and universities.
Tina Schrob, PricewaterhouseCoopers LLP
Julia Shanahan, Columbia University in the City of New York
Anne Jetmundsen, University of South Florida
Carol Guthridge, PricewaterhouseCoopers LLP
Universities are balancing the need for students and employees to be safe from the novel coronavirus while delivering education and research. This session will focus on remote workers and how the tax function on campus plays a role with this issue. During the pandemic, employees are working remotely anywhere in the world, and academic courses are delivered virtually to students in states and countries, anywhere other than the university’s campus. The session will feature insights of tax practitioners working on multi‐state employment matters and international global mobility and insights from a university tax director with extensive experience in this area.
Dayo Adesuyi, University of North Texas System
Partner Webcast | October 28, 2020 | 1–1:45pm ET
October 29, 2020 | 1–1:45 pm ET
October 30, 2020 | 1–1:30pm ET