2023 Unrelated Business Income Tax

Speakers

• Joel Levenson, assistant vice president for tax, payables and procurement, University of Central Florida
• Mary Bachinger, director, tax policy, NACUBO

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

• Thomas Colegrove, tax manager, Johns Hopkins University
• Bobbie Dampier, senior tax accountant, Washington University

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

• Joel Levenson, assistant vice president for tax, payables and procurement, University of Central Florida
• MaryAnn Piccolo, executive associate comptroller - corporate tax, compliance, and payroll, University of Pennsylvania
• Darlene Wilson, controller, Whitman College
• Tracy Paglia, partner, Moss Adams

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

• Shannon Armstrong, associate director – tax, Columbia University
• Louis Curcio, assistant vice president, global payroll and tax compliance, New York University
• Catherine Duriske, assistant vice president for financial reporting, Monmouth University
• Daniel Romano, partner and NFP tax practice leader, Grant Thornton

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

• Joe Irvine, senior lecturer in law, The Ohio State University
• Julia Shanahan, executive director, payroll and tax, Columbia University

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:

• Identify and understand specific basketing rules using examples under the NAICS reporting guidelines and non-NAICS activity codes
• Strategic planning for NOL and attribute preservation
• Assess risks under expense allocation methods
• Sharing of industry best practices for gathering information and documentation for building audit defense files

Speakers

• Darren Bell, assistant director, tax, The University of Texas System
• Ester De Jesus Rivera, senior tax accountant, Trinity University
• Amy Bellanca, senior manager, Crowe LLP

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

• Anne Jetmundsen, tax advisor, University of South Florida
• Jodi Kessler, director, tax and global operations, Massachusetts Institution of Technology

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

• Joel Levenson, assistant vice president for tax, payables and procurement, University of Central Florida
• Mike Engle, partner, FORVIS

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

• Susan Clark, director of tax, Emory University
• Albert Antonelli, senior tax manager, PwC

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

• Rebecca Collins, director of sustainability, Temple University
• Jonathan Reiter, associate vice president, finance, Temple University
• Phillip Groff, managing director, tax, development and exempt organizations, KPMG
• Hannah Hawkins, principal, tax, WNT incentives and credits, KPMG

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