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New Guidance on UBTI From Parking Expenses – A Deep Dive

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New Guidance on UBTI From Parking Expenses – A Deep Dive
March 20, 2019
Live Webinar
11:00 a.m. - Noon ET


Learn more about recent IRS guidance regarding the treatment of amounts paid to provide qualified transportation benefits to employees as unrelated business taxable income. Even organizations that don’t pay third parties for parking could be affected. Our instructors will share some of the questions raised by educational institutions and other nonprofits in trying to interpret Notice 2018-99. They will also share the resulting analysis and considerations in trying to arrive at a “reasonable method” for calculating UBTI under this new tax provision until final regulations are issued.

Participants will be able to:

  • Describe the reasonable method outlined in IRS Notice 2018-99;
  • Determine whether their organization has the potential for UBTI from providing qualified transportation benefits to employees; and
  • Identify relevant factors in developing a reasonable method for calculating UBTI from providing qualified transportation benefits to employees.

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Rachel Gibbons, CPA | Manager, Nonprofit Tax Services | Cherry Bekaert LLP

Amanda M. Adams, CPA | National Leader, Nonprofit Tax Services | Cherry Bekaert LLP

CPE Accreditation

Prerequisites | None
Advanced Preparation | None
Recommended Hours of CPE | 1 Hour*
Delivery Method | Webinar
Program Level | Basic
CPE Category | Taxes

1 Hour of CPE* at No Charge!

Who Should Attend

Anyone affiliated with a nonprofit organization who hasn’t yet determined whether they have UBTI from this new tax provision.

For More Information

Please contact Chrissie Seredni at for questions concerning registration.

For all other questions, please contact Aimee Rice at

Join the event conversation by using #CBLearn!

*Cherry Bekaert is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website. |

Cherry Bekaert Continuing Professional Education: Statement of Administrative Policies

Complaint Resolution Policy

Cherry Bekaert will make every effort to provide the best training courses possible. In the event participants are not completely satisfied with the training course and wish to file a complaint, please contact Karen McManus at or 804.673.5748 within 10 business days of the event. Information about the course such as date, location, instructor and nature of complaint must be provided. Complaints may also be made in writing to: Cherry Bekaert LLP, 200 South 10th Street, Suite 900, Richmond, VA 23219, ATTN: Karen McManus

Record Retention Policy

Cherry Bekaert will retain all Continuing Professional Education (CPE) documents for five years from training course date. These records will include:

  • Course outline
  • Course content and handouts
  • Sign in sheets
  • Dates and locations of training courses
  • Instructor credentials
  • Course evaluations
  • CPE certificates stating amount of recommended CPE credit

Refund and Cancellation Policy

Cherry Bekaert reserves the right to cancel or reschedule any training courses up to 10 business days prior to the date of the event. Full refunds will be provided to registered course participants if the course is cancelled or if participants are unable to attend the rescheduled event.

Participants who must to cancel their course registration 10 or more business days in advance of the event must contact Karen McManus to receive a full refund of all fees paid. Participants who must cancel their registration within 10 business days of the event, will not receive a refund.

New Guidance on UBTI From Parking Expenses – A Deep Dive