Organizations that are recognized by the IRS as tax-exempt are generally not subject to income tax on their activities. However, the IRS imposes what is called unrelated business income tax on certain activities.

Unrelated business income tax is not fatal to an organization's tax-exempt status (and it sometimes makes sense to incur the tax), but a tax-exempt organization should be aware of what it is, how to avoid it, and what the potential consequences are.

This presentation will help practitioners identify activities that may cause unrelated business income tax, determine whether any exceptions or modifications apply, and evaluate the risk associated with conducting unrelated trade or business activities. The presentation will also provide information about the applicable rules for calculating unrelated business taxable income.What You'll Learn:

• Does the Activity Constitute an Unrelated Trade or Business?
  
• If the Activity Constitutes an Unrelated Trade or Business, Do Modifications or Exceptions Apply?
  
• Do Unrelated Debt-Financed Rules Apply?
  
• How Does an Organization Compute and Report Unrelated Business Taxable Income?
  
• Risks of Incurring Unrelated Business Taxable Income