Critical Form 990, UBI and UBIT

Instructor: Stuart Sobel
Product ID: 704114
Training Level: Intermediate
  • Duration: 125 Min
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This training program will offer an analysis of UBI, UBTI, and UBIT. It will also detail preparation of the Form 990 series of tax returns including Form 990-T and discuss utilizing Form 990 as an analytical and marketing document.

"Critical Form 990, UBI and UBIT" - This course is approved by NASBA (National Association of State Boards of Accountancy). Attendees of Live Webinar are eligible for 2.5 CPE credit up on full completion of the course.

Why Should You Attend:

The object of this course is to help tax professionals and lay people alike deal with the challenges of filing the Form 990 series of tax returns. Participants will learn about electronic filing, strategies to expedite the preparation of the return, and how to navigate complex nonprofit tax issues.

Many nonprofits fear the unrelated business income tax, which was created to penalize nonprofits for engaging in excessive unrelated business activities. The law itself is confusing, and organizations often misinterpret it. The instructor, who has written four books about taxation and nonprofit issues, has worked with thousands of nonprofit clients around the world. In this course, he will share his insight and knowledge to make the requirements more understandable.

Learning Objectives:

  • Develop strategies to expedite the preparation of the return
  • Effectively market the organization through the creation of strong narratives which are positively read by foundations, donors, government agencies, media, and others
  • Discuss complex issues related to nonprofit taxation issues which are reported on the Form 990
  • Describe IRS and state issues, including penalties, dissolution, examinations, and improper classification of tax exempt status

Areas Covered in the Webinar:

  • Preparation of the Form 990 series of tax returns including Form 990-T
  • Utilizing Form 990 as an analytical and marketing document
  • Explanation of nonprofit accounting’s impact on tax return preparation
  • Transactions with related or interested persons
  • Conflicts of interest
  • Analysis of UBI, UBTI, and UBIT
  • Impact of advertising revenue
  • Nonprofit “gaming”
  • Religious organizations and UBIT

Who Will Benefit:

  • Corporate leadership in closely held businesses
  • Payroll supervisors
  • Taxation and accounting staff
  • Independent contractors
  • CFO and controllers
  • Accountants, CPA, CFE
  • Internal and external auditors
  • Finance, banking, credit unions
  • Staff responsible for tax compliance
  • Compliance managers
  • Risk managers
  • Accounting managers
  • Information reporting officers
  • Financial officers
  • Business owners
  • Public corporation accounting personnel
  • Managers and staff responsible for tax planning
  • Other business and financial professionals advising clients on tax compliance

Instructor Profile:

Stuart Sobel has been a renowned expert on tax planning, business creation, tax-exempt filing, strategic planning, charitable giving, employee benefits, and tax controversy for more than 48 years. He has worked with thousands of diverse businesses and nonprofit organizations including public charities and trade associations worldwide.

During his 30 years working for the Internal Revenue Service, Mr. Sobel held a number of positions including that of the internal revenue agent, chief review staff, and group manager. He taught business startup, nonprofit management, accounting and several tax courses as a member of the adjunct faculty of Indiana University. He has been active in community affairs serving on many boards of directors including the Better Business Bureau, Ohio University, Family Development Services, Crossroads Rehabilitation, Indiana Writers Center, and others. He served for many years as a Score mentor and received the Emeritus status.

He received numerous performance awards for his performance as an IRS agent and manager. He was honored by then Vice President Gore in 1998 for his efforts to improve the quality of the Internal Revenue Service through public/private partnership. He is the recipient of the Albert Gallatin Award issued by the Secretary of the Treasury Robert Rubin for meritorious service upon his retirement from the Internal Revenue Service. He has received awards and commendations from the States of Indiana, Arizona and Montana for efforts to improve tax administration through public/ private partnership. In 2006, Mr. Sobel was honored by the City County Council of Indianapolis by resolution for strong leadership, community service, and unselfish devotion to the betterment of the city.

For nine years, Mr. Sobel was the producer and host of his own radio program called Wise Choices: Taxes and Charity Today, which aired weekly on 26 radio stations throughout the United States. He is the author of four books dealing with taxation and nonprofit issues which have been licensed to numerous CPE and CLE providers and utilized to train more than 35,000 CPAs and tax professionals. His extensive library of webcasts is broadcast worldwide in conjunction with numerous CPE providers. His company, Tax Media Network, Inc. is the largest independent producer of web based video and audio education for tax professionals in the world.

We are registered with and adhere to the Statement on Standards for Continuing Professional Education programs of the National Registry of CPE Sponsors. Our registration number is 109066. Please check with the governing body of your license and state for specific CPE requirements. Grievances may be forwarded to the company at 650 620 3961. Grievances may also be forwarded to the National Registry of CPE Sponsors-NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417, 615-880-4200,, e-mail

Field of Study Minutes CPE
Taxes 125 2.5
Total Duration - 125 Min Total Credits - 2.5

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Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.

If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter.

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