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February 19, 2021
2021-0386

Tuesday, March 9 | UBTI  ‘siloing’ and exempt organization excess compensation final regulations (1 pm ET)

The IRS recently issued final guidance on several of the changes affecting tax-exempt organizations enacted as part of the Tax Cuts and Jobs Act. This includes final regulations on the Section 4960 tax on excess executive compensation and Section 512(a)(6)’s siloing of unrelated business taxable income (UBTI). Join us as we review the final guidance and discuss how to address implementation challenges and prepare for upcoming filing deadlines.

Topics include IRS and Treasury guidance related to:

  • The tax on excess compensation of covered employees
  • The final UBTI “siloing” rules for tax-exempt organizations with more than one unrelated trade or business

Who should attend? All tax-exempt organizations, including:

  • Exempt health care organizations
  • Colleges and universities
  • Certain governmental entities

Plus fund managers with exempt organization investors.

Date: Tuesday, 9 March 2021

Time: 1:00–2:30 p.m. EST New York; 10:00–11:30 a.m. PST Los Angeles

Registration: View archive here.

Panelists

  • Stephen LaGarde, Principal, National Tax Compensation and Benefits Group, Ernst & Young LLP

  • Justin Lowe, Senior Manager, Exempt Organization Tax Services, Ernst & Young LLP

Moderator

  • Stephen M. Clarke, Managing Director, Exempt Organization Tax Services, Ernst & Young LLP

CPE credit offered: up to 1.8 depending on duration. Recommended field of study: Taxes. Learning objective: Provide an update on the recent tax reform legislation and final regulations and discuss the impact on exempt organizations. This intermediate level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information.

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