4068 | On Demand | Intermediate | Self-Study
Unrelated Business Income Tax (UBIT) Case Studies
Friday, May 1, 2020 - Friday, April 30, 2021
In this CPE course, you will get an understanding of what constitutes unrelated business income. You will consider real-world examples and examine tax court findings and IRS rulings to learn how to deal with some common UBI-generating activities. Also discussed are commonly applied exceptions and exclusions to UBI that can reduce an organization's tax liability, as well as potential red flags that should be avoided.
- Recognize typical unrelated business activities conducted by exempt organizations.
- Differentiate between the more common unrelated business income (UBI) exclusions and exceptions and determine when they are most likely to apply based on a fact pattern.
- Recognize steps to prepare IRS Form 990-T Exempt Organization Business Income Tax Return.
- Analyze a scenario and calculate UBI.
- Brian Yacker (view bio)
CPAs, financial professionals and NFP staff and board members looking to deepen their existing knowledge of NFP financial responsibility, and set themselves apart as a leader in this field
- Overview of unrelated business income
- Commerciality doctrine
- Exclusions and exceptions
- Activities that result in tax liability
- IRS audit activity
- Completion of IRS Form 990-T Exempt Organization Business Income Tax Return
Brian Yacker, CPA, JD, <b/> is a Partner with YH Advisors, The Exempt Org Experts. Brian has over 20 years of tax, legal, and accounting experience in the exempt organizations area. Brian focuses exclusively in working with exempt organizations. In this regard, Brian possesses a vast amount of experience and expertise in preparing and reviewing Forms 990, 990-T, 990-PF and state tax-exempt forms. Brian also has extensive experience in the preparation and filing of both federal and state tax exemption applications for public charities, private foundations, and other exempt organizations.
Areas of exempt organization consultation which Brian possesses expertise include public support test calculations and planning, preparation of reasonable compensation rebuttable presumption binders and Reasonable Compensation Studies, governance best practices consultation, recommendations regarding effective Bylaws, conducting of EO Governance Check-Ups, compliance with the §501(h) lobbying safe harbor, proper functional expense allocations, maximizing charity watchdog ratings, and the proper internal and external reporting of special event fundraisers. Representative clients include hospitals and other healthcare organizations, universities and colleges, private foundations (family foundations/private operating foundations/corporate foundations), trade organizations, social clubs, other public charities, youth organizations, religious organizations, and amateur sports organizations.
Brian is actively involved in the AAA-CPA, serving on their Board of Directors, Finance Committee and Executive Committee. Brian also serves on the Board of Directors (and is an Executive Committee member) for BookEnds and the Long Beach Nonprofit Partnership. Brian is a member of the American Bar Association (and a participant on their Exempt Organizations Committee) and the California Bar Association's Tax Section. Brian is also a member of the AICPA’s EO Tax Technical Resource Committee.
Along with Lauren Haverlock, Brian annually conducts a great many full-day exempt organization tax technical presentations, including advanced public charities issues, intermediate public charities issues, Form 990 primer, private foundations tax primer and advanced private foundations tax and legal issues. Additionally, along with Lauren, they conduct periodic exempt organization webinars on selected exempt organization tax and legal topics.
Brian earned his Bachelors degree in Finance/Marketing from the University of Virginia and his Juris Doctor from the Indiana University School of Law (Bloomington).