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Avoiding the Bite of the Unrelated Business Income Tax

Recorded on: Jul. 16, 2013
Running Time: 01:06:43

Taken from the briefing Avoiding the Bite of the Unrelated Business Income Tax recorded July, 2013.

The Unrelated Business Income Tax (UBIT) and the related concept of Unrelated Debt Financed Income (UDFI) pose formidable hurdles to lawyers and business people handling investment transactions for nonprofit organizations.  Understanding these concepts and some of the techniques for avoiding them, are the focus of this seminar.  We will look at the role of UBIT and UDFI with respect to a range of asset classes including art,  business interests and in particular real estate.

Lecture Topics  [Total Time: 01:06:43]

  • What  constitutes UBIT and UDFI
  • The do's and don'ts of structuring to minimize tax on public charities and private foundations
  • The use of for-profit and not-for-profit subsidiaries, including the new IRS guidance on the use of LLCs, partnerships and joint ventures planned giving considerations and reporting issues
  • Avoiding the ultimate penalty - the loss of charitable exemption

Presentation Material

  • Avoiding the Bite of UBIT
    James M. Carolan, Paul M. Roy
Author(s)
Louis Citron ~ Partner and General Counsel, New Enterprise Associates
Speaker(s)
James M. Carolan ~ Withers Bergman LLP
Paul M. Roy ~ Withers Bergman LLP

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