Ins and Outs of Alternative Investments (Completed)

Whether your organization is new, expanding, or maintaining the status quo, it can be challenging for tax-exempt organizations to determine whether alternative investments are a good fit for their portfolio. While alternative investments may yield a high rate of return, they also bring about increased administrative complexity and a likely increase in your accounting fees and tax filings. Organizations need to be equipped to make informed decisions when considering adding or keeping alternative investments within their portfolio. This session will explain the important tax nuances of alternative investments and how to evaluate whether they are a good fit for your organization. The session will primarily focus on tax and reporting implications when dealing with alternative investments.

Who Should Attend
CPAs, CFOs, auditors, enrolled agents, staff accountants, board members, tax attorneys, and others who work with tax-exempt organizations.

Topics Covered

• The different types of alternative investments including basic terminology and structure of investment funds
• How to read a Schedule K-1 and understand the reporting requirements for foreign and state filings
• Unrelated business income (UBI) within alternative investments, including of identifying and tracking the investment activities and Qualifying Partnership Interests for the UBI siloing rules
• Reporting tips for exempt organizations, including private foundations
• Dealing with direct foreign investments
• Other considerations

Learning Objectives

• Identify basic considerations for investing in alternatives
• Recognize the foreign and state reporting requirements for alternative investments
• Identify unrelated business income tax traps in alternative investments

Level
Intermediate

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of investments.

Advance Preparation
None