PPT-UF & UBIT: Unrelated Business Income Tax

Presented by Andrea Newman CPA August 17 2017 Background amp Basics of UBI UBI Exclusions Potential UBIGenerating Activities Applicable Real Life Examples Objectives What is Unrelated Business Income Tax. TOTAL Expenses Page 2 GENERAL PURPOSE OF THE UNRELATED BUSINESS INCOME TAX. Primary Purpose. The main objective of the unrelated business income tax is to eliminate unfair competition between exempt and nonexemp Eric . Carriker. - Moderator. Milton . Cerny. Virginia Gross. Dave Moja. Background. Colleges and Universities Compliance Report. Questionnaire sent to 400 randomly selected colleges and universities. . Mary B Pearson, CPA. Assistant Professor of Accounting. Topics Discussed:. Filing Status. Dependent Qualifications. Sources of Income. Self Employed Income. Estimated Taxes & Tax Brackets. Required Receipts. Unrelated Business Income Tax. Presented by:. Andrea Newman, CPA. September 4, . 2014. Background & Basics of UBI. UBI Exclusions. Potential UBI-Generating Activities. Applicable “Real Life” Examples. Roger A. . McEowen. **. _______________. *Presented at the 2013 National Farm Business Management Conference, Overland Park, Kansas, June 10, 2013.. **Director of the ISU Center for Agricultural Law and Taxation. Member of the Iowa and Kansas Bar Associations and licensed to practice in Nebraska.. 2014 Cengage Learning. Income Tax Fundamentals . 2014. Student Slides . Gerald E. Whittenburg . Martha . Altus-. Buller. Steven Gill. 1. Corporate Tax Rates. Corporate rates are progressive . Marginal rates are from 15% to 39%, depending on taxable income. Learning Objectives. Determine a taxpayer’s regular tax liability and identify tax issues associated with the process. . Compute a taxpayer’s alternative minimum tax liability and describe the tax characteristics of taxpayers most likely to owe the alternative minimum tax.. What? You Don’t believe this? All you need do is listen to and read all the various quotes from IRS directors, commissioners and former agents, not to mention all the quotes from congressmen and women. Affordable housing. Financing strategies. 9% Tax Credits. 4% Tax Credits. Workforce Housing (No Tax-Credits). *75% of units set aside for 60% Area Median Income and Below (Income Limits for 4 person household is ???) and 25% set aside for 30% Area Median Income and Below (Income Limits for a 4 person household is ??). Your social security numberYour �rst name and middle initialIf a joint return, spouse’s �rst name and middle initial Single or Married Filing Separately 3 Joint 2 1 Refund 3 Welcome & Housekeeping . Introductions. Did everyone sign in?. PRE-Test Evaluation. 2. Agenda. Talk about filing a tax return with the Internal Revenue Service (IRS). Learn about the Earned Income Tax Credit (EITC) and other tax credits. IMAGE: WESTEND61/GETTY, HARVARD BUSINESS REVIEW. Tax in Australia. If you're an . Australian resident for tax purposes. , you are taxed on your worldwide income. If you're not an Australian resident for tax purposes, you are only taxed on your Australian-sourced income. . (How) should we tax the business profits of NFPs?. September 2011. Assoc Prof Miranda . Stewart. Melbourne Law School. 2. Extent of business activity. Finding Australia’s Social Enterprises Sector .