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UBI, UBTI, and UBIT - Understanding the Unrelated Business Income Tax (Video) (Course Id 995)

Updated / QAS / Registry / EA
Author : Stuart Sobel, Enrolled Agent (EA), Author, Radio Host, Indiana University Faculty
Status : Production
CPE Credits : 2.0
IRS Credits : 2
Price : $29.95
Passing Score : 70%
Course Type: Video - NASBA QAS - Text - Technical - NASBA Registry - IRS Enrolled Agents
Primary Subject-Field Of Study:

Taxes - Taxes for Course Id 995

Description :


Nonprofits have a fear. Nonprofits have a misunderstanding. Nonprofits need guidance.

In 1950 Congress created the unrelated business income tax (UBIT), because it did not want nonprofits to have advantages over taxable entities that conduct the same activities. The tax was used to penalize nonprofits for engaging in excessive unrelated business activities.

The law is confusing and is often misinterpreted by organizations and their tax professionals. Most organizations have unrelated business income (UBI), but not all of the UBI is considered unrelated business taxable income (UBTI). Many organizations that have UBTI will not have to pay unrelated business income tax (UBIT), because they have related deductions that offset the income. Stu Sobel, the author of four books on taxation and nonprofit issues, has worked with thousands of nonprofit clients throughout the world. In this online course on unrelated business income tax, he shares his wisdom to make this difficult area of tax law less threatening and confusing. He makes taxation less taxing.

The following topics are discussed in detail:

  • • What constitutes a trade or business
    • Analysis of specific forms of UBI and UBTI
    • Case studies regarding advertising revenue
    • Statutory exclusions from UBTI
    • Religious organizations and UBTI issues
    • Unrelated debt finance income
    • Preparation of Form 990-T – overview of the form by lines and schedules


Usage Rank : 0
Release : 2018
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 02-Apr-2018
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

Video - NASBA QAS - Text - Technical - NASBA Registry - IRS Enrolled Agents - 995

Keywords : Taxes, UBI, UBTI, UBIT, Understanding, Unrelated, Business, Income, Tax, Video, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

    Understand the differences between UBI, UBTI, and UBIT
    Effectively plan for activities and advise clients
    Determine recent tax law developments that impact on unrelated business taxable income
Course Contents :

Chapter 1 - UBI, UBTI, and UBIT - Understanding the Unrelated Business Income Tax


Chapter 1 Review Questions


Tax Transcript Glossary

CPE Taxes Course: https://www.cpethink.com/irs-ea-cpe-courses
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