How Demo Reporting Compliant Are You?

How Demo Reporting Compliant Are You?

TAX Partnerships: What Are The Chances of Being Audited By the IRS? Lauren A. Carnes Partner, CPA, MST 9 June 2017 It has been many years since the Internal Revenue Service traveled around New England and audited dealers for demo reporting. In 2001, numerous...
What Is Unrelated Business Taxable Income (UBTI)?

What Is Unrelated Business Taxable Income (UBTI)?

HIGHER EDUCATION Unrelated Business Taxable Income Activities For Institutions of Higher Education Tori Ng Manager, CPA, MBA 08 October 2017 What is unrelated business taxable income (UBTI)? Per the Internal Revenue Code Section 512(a)(1), UBTI is “the gross income...