Avoiding the Adverse Consequences of UBIT
Location
Description
Avoiding the Adverse Consequences of UBIT Wednesday, July 17 | 1:30 PM – 3:00 PM | Webinar Presented by: Don Kramer, Esq., Montgomery McCracken Moderated by: Tish Mogan, Standards for Excellence Consultant, PANO Offered in Partnership with: Nonprofit Issues *CPE & CLE credits are available for this program for accountants and lawyers; to receive credit you must register through Nonprofit Issues. |
Financially squeezed nonprofits often seek to generate new revenue through new business ventures. But such efforts can carry serious legal, as well as economic, risks. This webinar will explore the unrelated business income tax ("UBIT"), how to define it, how to avoid it, and how to deal with the consequences of having "too much" of it.
Regularly badgered by Congress to limit "unfair" competition with for-profit businesses, the Internal Revenue Service consistently looks to impose UBIT on unrelated business taxable income at nonprofit organizations, including facility rentals and travel tours at large institutions like colleges and universities, revenue from joint ventures with for-profits, gift shop income from museums, investment income from anyone's margin account, advertising revenue from small nonprofit organization newsletters, and everything in between. Nonprofits with substantial unrelated business income will have to pay substantial unrelated business income tax - and could even lose their tax-exempt status.
This session will provide a basic understanding of the UBIT rules, give tips on structuring activities to avoid the revenue being classified as unrelated business income, allocating expenses to reduce net income, and restructuring to avoid the adverse consequences of "too much" of a winning commercial venture.
*CPE & CLE credits are available for this program for accountants and lawyers; to receive credit you must register through Nonprofit Issues. |
Single Login Cost: Terms of Participation
Group Screening Cost (4-10 individuals): Terms of Participation
This option makes the most sense when you have 4-10 individuals interested in viewing the webinar. For fewer than 4 attendees, a single login ticket for each person is the most cost-effective option. For more than 10 attendees, please email Christina at christina@pano.org to discuss options.
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Materials & Login/Call-In Instructions: Can’t attend? All webinar registrants will receive a recording of the webinar following the live session! |
About the Facilitators Donald W. Kramer serves as chair of Montgomery McCracken’s Nonprofit practice group. Don has more than 45 years of experience dealing with the concerns of nonprofit organizations, not only as a lawyer, but also as a teacher, writer, publisher, and board member. He has worked with nonprofits of all types and sizes, helping structure startup situations and restructure multiorganizational health and educational systems. He counsels on a wide range of nonprofit corporate structure and governance, private and community foundations, continuing care retirement communities, exempt organization taxation, low-income housing tax credit transactions, real estate, charitable giving, and other nonprofit issues. Don has provided legal services to The Philadelphia Foundation for more than 40 years. Don serves as the editor and publisher of Don Kramer’s Nonprofit Issues®, a national newsletter of “Nonprofit Law You Need to Know,” which he founded in 1989. Prior to joining Montgomery McCracken in 1972, Don served as deputy development coordinator and assistant to the mayor of Philadelphia.
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