April 30, 2024


3 Total CPE Credits


Webinar (CA): Unrelated Business Income Tax Fundamentals 2023

  • Instructor

    Richard Ruvelson

Learning Objectives

• Identify the history and applications of the unrelated business income tax (UBIT)
• Learn the implications of provisions contained in The Tax Cuts and Jobs Act, as well as Final Regulations and their implications for revenue-generating activities, including operating businesses and alternative investments
• Recognize the definition of unrelated business income and its implications on both an organization's operating trades and businesses and investment activities
• Determine exclusions, modifications and exceptions to unrelated business income
• Identify debt-financed income
• Recognize the rules for deducting expenses in determining unrelated business taxable income, filing requirements, net operating loss rules, including implications of the CARES Act and the implications of earning unrelated business income beyond potentially paying tax
• Identify special rules for particular activities, including advertising, bingo and trade shows, and types of entities
• Identify federal and state filing issues

Major Topics

• Definition of unrelated business
• Unrelated business income tax: origins, exclusions, modifications and exceptions
• Tax Cuts and Jobs Act Changes and Final regulations, as well as relevant CARES Act and American Rescue Plan provisions
• Special rules for advertising, bingo and trade shows
• Debt financed income issues
• Alternative investments
• Filing requirements, including lessons learned from the past tax season
• State UBIT filings and other federal filings relating to foreign investments

CPE Credits Available

Total CPE

Things to Know About This Course

Course Level

  • Advanced


Experience preparing Form 990 and/or Form 990-PF.

Advanced Preparation

This webinar is produced by CalCPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

CPAs enrolled agents and tax professionals.


California CPA Education Foundation

Register For This Event

  • COCPA Member

    $ 129 129
  • COCPA Non-Member

    $ 169 169
    Your Price

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