Overview
Tax Workshop
March 12–14, 2023 | Philadelphia
Estimated 14 CPE Credits
See Schedule for CPE details for each session.
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.
Speakers
1:05–2:15 pm ET • 1 CPE credit in Taxes
Understand the underlying law and the steps for determining what income may be unrelated to your institution’s mission. A good overview and refresher, the presenters will provide the foundational knowledge you’ll need to recognize what constitutes UBI and perhaps more importantly, what does not.
Speakers
2:30–2:30 pm ET
2:30–3:45 pm ET • 1.5 CPE credits in Taxes
Finding UBI on campus can be an interesting and challenging process. These experienced presenters will talk through real life scenarios and experiences to help your organization form or improve the process of identifying, capturing and reporting unrelated business income on campus.
Speakers
4—5:15 pm ET • 1.5 CPE credits in Taxes
This session will provide attendees with insights on how to best manage the unrelated business income process within their institutions, regardless of size. We’ll look at how to mitigate tax and how to create a process that will smoothly maximize compliance. Tips and tricks will be shared by experienced professionals who have handled UBI for many years, both at institutions and as advisors. Time will be allowed for Q&A to afford attendees an opportunity to come away with insights particular to their situations in an interactive format.
Speakers
Sponsored by KPMG
8:30–9:30 am ET • 1.5 CPE credits in Taxes
This session will cover the rules related to qualified sponsorship payments and provide examples of the differences between advertising and sponsorship. Presenters will also discuss the use of a third party in sponsorship/advertising.
Speakers
1.5 CPE credits in Taxes
10–11:15 am ET • 1.5 CPE credits in Taxes
Join us for an interactive walk-through of the planning, analysis, and reporting of multiple Schedule(s) A on your Form 990-T. Session highlights will include:
Speakers
11:20 am–12:35 pm ET • 1.5 CPE credits in Taxes
Review rules for excluding rental income from UBI and dive deep into the methods to automate calculation for “exceptions to the real property rental income exception” when personal property is more than incidental and/or services rendered are primarily for the convenience of the occupant or not customarily rendered in connection with rental of rooms or other space for occupancy only.
Speakers
12:35–1:45 pm ET
1:45–2:45 pm ET • 1 CPE credit in Taxes
Now that you’ve identified that a segment of your college or university is conducting business, how do you determine if that business is being operated for a profit? If you’re a tax-exempt entity, can you operate a business for a profit? This session will define profit motive and outline why it is an essential discussion to have for UBIT.
Speakers
2:45–3:15 pm ET
3:30–4:45 pm ET • 1.5 CPE credits in Taxes
This session will examine alternative investments, including the process of gathering and analyzing the required information, the impact on UBTI and Form 990-T, and the relationship with foreign informational filings and other reporting.
Speakers
3:30–4:45 pm ET • 1.5 CPE credits in Taxes
The Inflation Reduction Act made many of the clean energy tax credits refundable for certain tax-exempt and government entities. This session will provide an overview of these credits, the types of investments they incentivize, and how colleges and universities can best identify and operationalize these new opportunities. Panelists will highlight the credits most-commonly applicable to higher education institutions—such as geothermal and solar energy, EVs, and Cogen property—and will explain eligibility and timing requirements. They will also share their institution’s perspective and experience navigating the credit process.
Speakers
7:30–8:30 am ET
We encourage you to wear something from your current college or university or your alma mater. This is a great way to get to know other attendees and show your school spirit!
8:30–9:30 am ET • 1 CPE credit in Taxes
Participants will break into discussion groups to apply their knowledge of UBIT to resolve campus hypotheticals. Each topic will "meet" twice, allowing you to choose two different topics in which to participate.
9:30–10:30 am ET • 1 CPE credit in Taxes
Participants will break into discussion groups to apply their knowledge of UBIT to resolve campus hypotheticals. Each topic will "meet" twice, allowing you to choose two different topics in which to participate.
10:30–11 am ET
11 am–12 pm ET • 1 CPE credit in Taxes
Before you leave, join us for a look at various ways of interpreting campus tax situations involving UBI within the lighthearted format of the old and wildly popular Dating Game TV show. A university controller looking for the best tax advisor will pose questions to three “eligible” tax advisors. Who will offer the wisest counsel? Which one will be chosen?
Located just steps from Reading Terminal Market, Independence Hall, and the Fashion District Philadelphia, the Philadelphia Marriott Downtown will host the 2023 Unrelated Business Income Tax Workshop.
NACUBO's Group Rate for the 2023 Unrelated Business Income Tax Workshop has expired but please check the hotel website to make your reservation.