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Not For Profit/Exempt Organizations Blog

Tag Archives: UBTI

Recaps from Proskauer’s 21st Annual Trick or Treat Tax Exempt Seminar

Posted in Governance

Proskauer’s 21st Annual Trick or Treat Seminar was held on Thursday, October 27. The Seminar discussed: Best Practices for Document Retention: One Size Does Not Fit All An Overview of Unrelated Business Taxable Income New Department of Labor Fiduciary Regulations: The Employer Perspective Annual Update on Employee Benefits and the Affordable Care Act Amanda Nussbaum welcomed… Continue Reading

Advisory Committee on Tax Exempt and Government Entities Makes Recommendations on Reporting of Unrelated Business Taxable Income

Posted in IRS Filings

The Advisory Committee on Tax Exempt and Government Entities (“ACT”), an IRS advisory panel, made several recommendations on issues relating to unrelated business taxable income (“UBTI”) in its annual report to the IRS (the “Report”).  In recent years, the IRS has focused on UBTI reporting for tax exempt organizations; issues relating to UBTI reporting were addressed… Continue Reading

IRS Announces how Exempt Organizations can Claim New Health Care Tax Credit

Posted in IRS Filings

The IRS today has released a draft version of the form that small businesses and exempt organizations will use to calculate the small business health care tax credit when they file income tax returns next year. The IRS also announced how eligible exempt organizations — which do not generally file income tax returns — will claim the credit during the 2011 filing season.