The purpose of this course is to describe the University’s tax exemption status and sales tax applicability, how to determine Unrelated Business Income activity, Accountable Plan rules, and to provide guidance for compliance with University policies and procedures, and Internal Revenue Service regulations.

Program Level: Basic

Prerequisites: None

Advanced Preparation: N/A

Instructional Method: Group-Internet Based

Instructor: Adam Stark

Recommended CPE Credit: 1.5 Hours

Field of Study:  Taxes

Course Objectives:

At the end of the course, participants will be able to:

  • Determine when the University can use its tax exempt status and when sales tax liability may apply to the Organizational Unit’s activities;
  • Define Unrelated Business Income Tax (UBIT);
  • Identify activities that may incur UBIT for their organizational units; and,
  • Understand the rules related to Accountable Plans for expense reimbursements

Program Policies

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.