Private Business Use Compliance in Higher Education 2014

Topics

• Generating Campus Buy-In for PBU
  • Pro-active PBU communication
  • Campus-wide training
• Overview of Private Business Use Considerations
  • Types of PBU (transfer of ownership, leasing and rental, management or service contracts, research, unrelated trade or business)
  • What the IRS is looking for (management and service contracts, research agreements)
  • Differentiating considerations in PBU Compliance for both 501(c)(3) and public institutions
• Next Steps and Key Implementation Considerations
• Communication and Interpretation of PBU Documents
  • Interpreting responses
  • Sample questionnaires/surveys
  • Safe harbor exceptions (research agreements, management contracts, 50-day exclusions, unrelated business income issues, qualified building improvement exception)
• Centralizing Communication Documents
  • Advantages/Risks of a centralized database
  • Key steps toward a centralized electronic database
• Private Business Use Calculation Overview
  • Relative time and relevant revenue
  • Square footage measurements
  • Fair market value
• Remedial Action for Tax-Exempt Bond Financed Facilities
  • Best practice examples in PBU remediation
  • Key requirements for remedial action
• PBU Calculation Case Studies
  • Walk-through of building calculation that speaks to private business uses
  • Discussion of poorly constructed contracts (red flags in management/research contracts, for example)

Who should Attend

• Higher education administrator
• Participants from other 501(c)(3) organizations