New Guidance on UBTI From Parking Expenses – A Deep Dive
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.
Rachel Gibbons, CPA | Manager, Nonprofit Tax Services | Cherry Bekaert LLP
Amanda M. Adams, CPA | National Leader, Nonprofit Tax Services | Cherry Bekaert LLP
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!