Understanding UBIT: Unrelated Business Income Tax Webinar
July 13, 2011 - 10:00am - 11:00am
As a nonprofit organization, sometimes it can be difficult to determine if an organization has unrelated business activity. Unrelated business activity is any trade or business, the conduct of which is not substantially related to the exercise or performance of the organization’s charitable, educational, or other exempt purpose or function. Organizations with unrelated business activity are taxed on the net income at corporate tax rates. Moreover, exempt status can be revoked if primary focus of the organization has shifted away from its exempt purpose.
During this webinar, we’ll discuss:
- Three components to unrelated trade or business income
- Activities that qualify for the UBIT
- Exclusions and exceptions to the UBIT tax
- What the filing requirements are for the UBIT
- Activities that can jeopardize your tax exemption
Sponsored by:
OANO | Ohio Association of Nonprofit Organizations
Presenter:
Melanie A. McPeak, CPA
Senior Accountant
HW Nonprofit Advisors
A member of both the HW&Co.'s HW Nonprofit Advisors and Tax Services Groups, Melanie’s industry specializations include nonprofit and health care organizations where she is responsible for the overall day-to-day coordination of tax engagements.
With extensive knowledge in the area of nonprofit tax filings, Melanie is a noted speaker on the Form 990 and related topics for various organizations throughout the State of Ohio. She specializes in 990 reporting, board governance, strategic planning, tax consulting, and tax compliance. Melanie has been a member of HW&Co. since 2004.
