The purpose of the course is to provide participants with an overview of what constitutes a sponsorship payment, how to properly handle these monies at the University or CU Foundation, and provide guidance for compliance with University policies and procedures, and Internal Revenue Service regulations.
Program Level: Beginner
Prerequisites: None
Advanced Preparation: N/A
Instructional Method: Group-Live
Instructor: Bob Loosley and Karen Ichiba
Recommended CPE Credit: 1.0 Hours
Field of Study: Taxation
Course Objectives:
At the end of the course, participants will be able to:
- Define qualified sponsorship payment;
- Understand and recognize factors that may incur UBIT for their organizational unit;
- Identify the procedures for accepting sponsorship payments to the University or the CU Foundation; and,
- Understand how to acknowledge sponsorship payments.
NASBA Statement:
The University of Colorado is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
