State Tax Treatment of UBTI for Exempt Organizations: Calculations, Conformance and Apportionment

Navigating States' Partial- or Non-Conformance With Federal Treatment; Multi-State Apportionment Rules

A live 110-minute CPE webinar with interactive Q&A


Tuesday, September 19, 2017
1:00pm-2:50pm EDT, 10:00am-11:50am PDT

Early Registration Discount Deadline, Friday, August 25, 2017


This webinar will provide nonprofit tax professionals and advisers with a practical guide into various states' rules governing unrelated business income tax (UBIT), which U.S.-based tax-exempt organizations must pay on unrelated business taxable income (UBTI). The webinar will focus on the standards and guidelines for determining whether income is UBTI and thus subject to tax, identify those states that deviate from federal treatment, and list those states whose definitions conform to federal but have different calculation bases.

Description

A significant challenge for exempt organizations is navigating federal and state rules on Unrelated Business Taxable Income (UBTI). The federal rules are often complex even with existing guidance; however, the variances in how states treat UBTI create additional difficulties for advisers to nonprofits. While most states conform to the federal government in both classifying an organization as tax exempt and in defining UBTI, there are numerous deviations from federal treatment.

With very few exceptions, most states impose a state-level tax on UBTI. Many of these states start with the federal definition of UBTI, but make state-specific modifications, generally in the form of required "add-backs." Additionally, many states do not allow exempt entities to carry-back net operating losses; some of these states permit loss carry-forwards for UBTI calculation purposes.

Perhaps the most complicated task for exempt organizations operating in multiple states is apportioning UBTI between the various states in which the nonprofit operates. Many states require exempt entities to use different apportionment formula approaches than they impose on for-profit companies. Advisers to exempt organizations must be able to reconcile various apportionment formulas and recognize where a state requires a specific apportionment requirement for UBTI.

Listen as our panel of experienced nonprofit tax advisers provides a practical guide to navigating multi-state tax treatment of UBTI for exempt organizations.

Outline

  1. Federal treatment of Unrelated Business Taxable Income (UBTI)
    1. Identifying UBTI
    2. UBTI calculations and schedules
    3. Tax computation
    4. Allocation of expense deductions
  2. State treatment of Unrelated Business Taxable Income
    1. States not conforming with federal exempt org classification
    2. States that tax UBTI
    3. Common States adjustments to federal UBTI calculations
    4. Range of rules for Net Operating Loss carry-backs and carry-forwards
    5. Apportionment Challenges

Benefits

The panel will discuss these and other important topics:

  • What states deviate from federal treatment of UBTI?
  • What states generally conform to federal UBTI calculations but with add-backs?
  • State deviations in NOL carry-back and carry-forward treatment for UBTI
  • Which states require a different formula for apportioning UBTI than the one applicable to for-profit commercial entities

Learning Objectives

After completing this course, you will be able to:

  • Identify those states that conform to federal UBTI calculations but have state-specific adjustments
  • Discern various state trends on carry-back and carry-forward treatment of UBTI
  • Recognize those states that require different apportionment formulas for UBTI calculations than they require of for-profit entities

Faculty

Brenda A. Blunt, CPA, CGMA, Tax Partner
Eide Bailly, Phoenix

Ms. Blunt has nearly 30 years of experience providing services to tax-exempt entities, closely-held business and their stakeholders. She provides income tax compliance and planning for individuals, corporations, partnerships and tax-exempt entities and represents clients before the IRS and state taxation authorities. Ms. Blunt has significant experience planning for the tax aspects of unrelated business income for non-profits and retirement plans.

Dr. Laura Robichaud, DBA, MBA, State and Local Tax Senior Manager
Eide Bailly, Phoenix

Dr. Robichaud is State and Local Tax Senior Manager with the Firm. She has financial and tax experience with extensive knowledge of Arizona Transaction Privilege Tax (TPT) and Use tax, as well as a variety of other state and local tax issues. She previously worked for the Arizona Department of Revenue and the Idaho State Tax Commission. She is proficient in Voluntary Disclosure Agreement (VDAs) programs, Nexus determinations, and amnesty issues. She also has experience in audit support services, state and local litigation issues, appeals, informal petitions, and penalty abatements.


Registration per Person for Live Event

Additional lines for this conference can be purchased at 25% off. For orders of five or more lines, further discounts will apply and will be automatically reflected in the cart.

Live Webinar $97.00

Includes Early Discount Savings of $50.00 (through 08/25/17)

Live Webinar & CPE Processing $132.00

Includes Live Webinar Early Discount Savings of $50.00 (through 08/25/17)


CPE per Person on Live Event

Continuing Professional Education credit processing is available for an additional fee. CPE processing must be ordered prior to the event. To qualify for CPE you may not listen via the telephone.

This program is eligible for 2.0 CPE credits.

  • Field of Study: Taxes.
  • Level of Knowledge: Intermediate.
  • Advance Preparation: None.
  • Teaching Method: Seminar/Lecture.
  • Delivery Method: Group-Internet (via computer).
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of verification codes announced throughout the presentation.
  • Prerequisite: Three years+ business or public firm experience at mid-level within the organization, preparing tax forms and schedules for nonprofit and exempt organizations, among others; supervisory authority over other preparers/accountants. Knowledge and understanding of unrelated business income tax in the context of tax-exempt organizations; familiarity with state vs federal treatment of exempt organization income subject to taxation.

NOTE: CPE credit processing for all attendees must be ordered by 2pm Eastern the day of the program to receive a Certificate of Attendance within 24 hours.


Recordings

Recorded Event

Includes full event recording plus handouts (available after live webinar).

Note: Self-study CPE and EA credits are not offered on recorded events.

Recorded Webinar Download $97.00
Available 48 hours after the live event

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Recorded Audio Download (MP3) $97.00
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How does this work?

DVD (Slide Presentation with Audio) $97.00 plus $9.45 S&H
Available ten business days after the live event

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Registration Plus Recorded Event

Best value!

Live Webinar & Webinar Download $144.00

Includes Special Savings of $150.00 (through 08/25/17)

Live Webinar & Audio Download $144.00

Includes Special Savings of $150.00 (through 08/25/17)

Live Webinar & DVD $144.00 plus $9.45 S&H

Includes Special Savings of $150.00 (through 08/25/17)


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Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

Early Registration
Discount Deadline
August 25, 2017
(5 days)

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Customer Reviews

Excellent seminar! It was efficient and the important topics were covered at just the right pace; no time was wasted covering information that the participants already knew.

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Accounting Non-Profit Services Advisory Board

Amanda Adams

Tax Partner

Blazek & Vetterling

Bill Allen

Partner

Making Auditors Proficient

Steven J. Luber

Senior Manager

PricewaterhouseCoopers

Michele A. W. McKinnon

Partner

McGuireWoods

Celia Roady

Tax Partner

Morgan Lewis

Daniel Romano

Partner-In-Charge, National Not-For-Profit Tax Practice

Grant Thornton

Chris Stanz

Principal, Non-Profit and Government Practice

LarsonAllen

Alan Strand

Principal

Strand and Associates

Brian Yacker

Managing Partner

YH Advisors | The Exempt Org Experts

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