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UBIT under the TCJA

4 (7)

Nicholas Preusch

YHB | CPAs & Consultants

Friday, January 17, 2020 | 11:00 AM EDT

  • AFSP
  • CPA Canada
  • CPA
  • EA
  • Tax Preparer
  • Oregon Tax Preparer
  • CTEC

1 Credit


Subject Area


Course Description

This webinar will give you an overall idea about the UNRELATED BUSINESS INCOME TAX (UBIT) and the related issues. The UBIT on income earned from both operating businesses and investment activities applies to all organizations exempt from tax under Internal Revenue Code Sec. 501(c), as well as public colleges and universities and qualified and non-qualified retirement plans. 

In this webinar we will examine the changes made by The Tax Cuts and Jobs Act, including guidance issued to date, guidance on the ability to offset UBIT loss activities against those generating positive unrelated business taxable income and changes to net operating loss rules. 

This webinar gives a general idea of what is unrelated business income. It also focuses on how to tell if income streams are related or unrelated to the non-for-profits mission along with the other rules that could exempt the income from this category. It will tell how to calculate the unrelated business income tax under the Tax Cuts and Jobs Act. We will also look at ways to minimize the impact of the TCJA on not-for-profits. We will also cover other changes for non-for-profits under the TCJA that each non-for-profit should be aware of.

Learning Objectives

  • To understand what is Unrelated Business Income
  • How to calculate the Business Income Tax under the light of new changes (TJCA)
  • To get an overall idea about FUBIT (Fake Business Income Tax)
  • To learn the strategies of Minimizing the impact of FUBIT
  • To understand the other changes affecting UBIT

Who Should Attend?

  • Accountant
  • Accounting Firm
  • CFO/Controller
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent
  • Others
  • Outsourced CFO
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Practitioners
  • Tax Pros


    [no_of_record] => 7
    [average] => 4.0000