IRS to offer April 8 webinar on UBIT

March 29, 2015
WASHINGTON (3/30/15)--The IRS has announced an April 8 webinar on unrelated business income tax (UBIT) and tax-exempt organizations.
The webinar, offered by the IRS's Tax Exemption & Government Entities Division, will provide information on:
  • UBIT;
  • Three parts test;
  • Common types of activities;
  • Exceptions and exclusions;
  • Principal form used to report; and,
  • IRS resources.
Presenters for the 2 p.m. (ET) session will be Steve Farson, tax law specialist, IRS Office of Exempt Organizations , and Al Page, tax law specialist, IRS Office of Exempt Organizations.

Those interested in participating can sign up here.

Also related to UBIT, the IRS issued a "new" memo to replace its 2014 memo on the same subject, but the new memo makes no changes in its listing of what products and services offered by state-chartered credit unions trigger UBIT. See the related item in Inside Washington.