Athletic Department UBI Activities
|
|
- Samantha Nash
- 6 years ago
- Views:
Transcription
1 Athletic Department UBI Activities Joe Irvine The Ohio State University Jodi Kessler Harvard University Athletic UBI Topics Broadcasting Rights Concession Contracts Concerts Facilities Rental Camps Recreation Facilities Coaches Shows Web Pages Parking 1
2 UBI Considerations Is the income considered related or unrelated? Does the income qualify for an exclusion or exception such as royalty or sponsorship? If the activity is conducted by a third party, is the third party your agent? Broadcast Rights Athletic activities at schools are substantially related to their educational functions Caution IRS may attempt to treat the purchaser of the broadcast rights as an agent and attribute the broadcaster s advertising revenue to the University. 2
3 Concession Contracts Concession sales to students, faculty and staff are not UBI under the convenience exception. Concessions sold during a related activity are considered related Concessions sold to the general public may be UBI. What if an independent contractor runs concessions? Concerts Professional theater companies and symphony orchestras No UBI the events contribute importantly to the overall educational and cultural function of the university. 3
4 Concerts (Cont.) Rock and similar concerts not substantially related? UBI depends upon facts and circumstances. The more similar it is to a commercial activity, the more likely it will be UBI. Concerts (Cont.) Ways to potentially avoid UBI Lease facility without providing significant services. Significant student involvement Only allow events the IRS has ruled do not create UBI. 4
5 Facilities Rentals UBI will depend on whether the university provided services along with the rental. The services resulting in UBI go beyond services normally provided by a lessor to maintain the property. Camps University Operated not UBI, considered to be in furtherance of exempt educational activity Third Party Operated UBI treatment will depend on whether the university provides services in relation to the camp or merely rents real property. 5
6 Recreational Facilities When recreational facilities, including golf courses, are made available to the general public that income is generally considered to be UBI. State Universities may be able to argue that the operation of the facility is lessening the burdens of government. Is alumni use related? Coaches Shows University produced shows if advertising is sold then revenue in excess of expenses will be considered UBI. Third party production royalty income on selling right to produce the show. Profits will be UBI if the third party is considered an agent of the university. 6
7 Web Pages Fixed fee for use of name and logo arguably treated as royalty income. Services provided by the University - may be considered related if the services are provided to promote the athletic department. University receives any portion of ad revenue likely all UBI. Parking Generally parking for university athletic events will be considered related. Parking for other events held at athletic facilities will depend on whether the event itself is related. If the event is unrelated look at whether the convenience exception will apply or any services are provided by the university. 7
8 Agency Issues If a third party provides any of the above the taxation of the revenue will depend on whether the third party is deemed an agent of the university. If so the income generated by the agent retains the same revenue character when passed through to the university. Agency Relationship Determination Determined by state law, generally look at several characteristics: Intention of the parties to have one act on behalf of the other, The agent has the power to bind the principal by his actions, and The principal has the right to control the actions of the agent. 8
9 Royalties Excluded from UBI unless: Income is received from debt-financed property Income is received from controlled organizations Thank you 9
Purpose: to determine and report revenue-generating activities.
Unrelated Business Income Questionnaire Purpose: to determine and report revenue-generating activities. The following questions help the Finance Division determine whether or not your department s revenuegenerating
More informationAlienation of Income
Alienation of Income Marc Romaldi FTIA Kelly & Co. Lawyers Introduction Alienation of income Strategies in relation to: Leases and Licensing Improvements to property Current use of service trusts Assignments
More informationTAX ISSUES FOR REAL ESTATE LEASING BY TAX-EXEMPT ORGANIZATIONS Part One: Residential and Commercial Leases
TAX ISSUES FOR REAL ESTATE LEASING BY TAX-EXEMPT ORGANIZATIONS Part One: Residential and Commercial Leases Written by: Michael J. Huft mhuft@schiffhardin.com 312.258.5627 Nina M. Knierim nknierim@schiffhardin.com
More informationAffiliation charter between AIGA and local chapters
Affiliation charter between AIGA and local chapters This charter is made this day of 20, by and between AIGA, the professional association for design ( AIGA ) and the chapter of AIGA ( the chapter ). This
More informationCAT Sourcing and Combined / Consolidated Groups
CAT Sourcing and Combined / Consolidated Groups Michael R. Baker, McGladrey LLP David A. Perry, KPMG LLP Richard B. Fry III, Buckingham, Doolittle & Burroughs, LLC CAT Sourcing Tangible personal property
More informationAn Overview of the Proposed Bonus Depreciation Regulations under Section 168(k)
An Overview of the Proposed Bonus Depreciation Regulations under Section 168(k) August 21, 2018 Federal Bar Association 2018 (US) LLP All Rights Reserved. This communication is for general informational
More informationAccounting for Leases
Office: Business Services Procedure Contact: Director of Business Services Related Policy or Policies: Noted within procedure statement Revision History Revision Number: Change: Date: 001 Update content
More informationJoint Ownership And Its Challenges: Using Entities to Limit Liability
Joint Ownership And Its Challenges: Using Entities to Limit Liability AUSPL Conference 2016 Atlanta, Georgia May 5 & 6, 2016 Joint Ownership and Its Challenges; Using Entities to Limit Liability By: Mark
More informationSIGNATURE AUTHORITY & DELEGATION POLICY
Responsible Officer: Vice President of Finance & Administration Responsible Office: Finance & Administration SIGNATURE AUTHORITY & DELEGATION POLICY I. Policy Statement Only authorized individuals may
More informationComment on the Exposure Draft Leases
15 December 2010 International Accounting Standards Board 30 Cannon Street London EC4M 6XH United Kingdom Financial Accounting Standards Board 401 Merritt 7 PO Box 5116 Norwalk CT 06856-5116 United States
More informationFPP Committee Meeting Proposed COA Changes. June 8, 2018
FPP Committee Meeting Proposed COA Changes June 8, 2018 Agenda Visit various GASB Statements COA changes needed GASB #84 Fiduciary Activities Statement No. 84 Fiduciary Activities How many currently report
More information60-HR FL Real Estate Broker Post-Licensing Learning Objectives by Lesson
Lesson 1: Starting a Real Estate Office SECTION 1: BROKERAGE OFFICE ESSENTIALS Recall the characteristics of business entities that may register as a real estate brokerage and the rules involved to operate
More informationSeparating Intangible Value in Valuation of Billboards & Other Property
Separating Intangible Value in Valuation of Billboards & Other Property Clark R. Calhoun Partner Alston & Bird LLP Los Angeles, CA Clark.Calhoun@Alston.com Joe Torzewski Direction, Valuation Stout Advisory
More informationRehabilitation Tax Credits
Rehabilitation Tax Credits Selected Issues in Master Lease Pass-Through Transactions Steven L. Paul Nicholas Romanos February 1, 2010 REHABILITATION TAX CREDITS Selected Issues in Master Lease Pass-Through
More informationAnalysis Prepared by David L. Sjoquist and Robert J. Eger III
GEORGIA STATE UNIVERSITY ANDREW YOUNG SCHOOL OF POLICY STUDIES FISCAL RESEARCH CENTER DECEMBER 1, 2006 SUBJECT: Estimated Effects of Population Growth on Atlanta Public School s Revenue and Expenditures
More informationProposed FASB Staff Position No. 142-d, Amortization and Impairment of Acquired Renewable Intangible Assets (FSP 142-d)
Financial Reporting Advisors, LLC 100 North LaSalle Street, Suite 2215 Chicago, Illinois 60602 312.345.9101 www.finra.com Mr. Lawrence W. Smith Director - Technical Application and Implementation Activities
More informationCHECKLIST FOR CHARTER SCHOOL SUBMISSION OF PROPOSED LEASE PURCHASE ARRANGEMENT FOR PUBLIC EDUCATION DEPARTMENT APPROVAL
CHECKLIST FOR CHARTER SCHOOL SUBMISSION OF PROPOSED LEASE PURCHASE ARRANGEMENT FOR PUBLIC EDUCATION DEPARTMENT APPROVAL Introduction to Checklist In accordance with Section 22-26A-4(A) NMSA 1978, part
More informationLease Accounting Exposure Draft. ACI-NA Webinar May 10, 2016
Lease Accounting Exposure Draft ACI-NA Webinar May 10, 2016 Call Participants ACI-NA: Liying Gu Moderator: Max Underwood, DFW Intl Airport Accounting Firm: BKD, LLC Rick Wittgren Deborah Beams Airports:
More informationLEASES - REMEDIES AND REQUIREMENTS IN BANKRUPTCY
LEASES - REMEDIES AND REQUIREMENTS IN BANKRUPTCY Introduction The Bankruptcy provisions concerning leases are, for the most part, contained in Section 365 of the Code, which section of the Bankruptcy Code
More informationCOLORADO STATE UNIVERSITY Financial Procedure Instructions FPI 4-9
1. Procedure Title: CSURF Equipment Leasing Program COLORADO STATE UNIVERSITY Financial Procedure Instructions FPI 4-9 2. Procedure Purpose and Effect: Procedures for any department or organization within
More informationLeases: Overview of the new guidance
Leases: Overview of the new guidance Prepared by: Richard Stuart, Partner, National Professional Standards Group, RSM US LLP richard.stuart@rsmus.com, +1 203 905 5027 March 2, 2016 Introduction On February
More informationFile Reference No Re: Proposed Accounting Standards Update, Leases (Topic 842): Targeted Improvements
Deloitte & Touche LLP 695 East Main Street Stamford, CT 06901-2141 Tel: + 1 203 708 4000 Fax: + 1 203 708 4797 www.deloitte.com Ms. Susan M. Cosper Technical Director Financial Accounting Standards Board
More informationFASB Emerging Issues Task Force
EITF Issue No. 03-17 FASB Emerging Issues Task Force Issue No. 03-17 Title: Subsequent Accounting for Executory Contracts That Have Been Recognized on an Entity's Balance Sheet Document: Issue Summary
More informationLEASES AND OTHER TRANSFERABLE CONTRACTS
LEASES AND OTHER TRANSFERABLE CONTRACTS Introduction This paper looks at leases and other transferable contracts. It concentrates on examining the treatment of leases and other transferable contracts as
More informationTHE PITFALLS OF MEMBERSHIP DOCUMENTATION
THE PITFALLS OF MEMBERSHIP DOCUMENTATION Ted M. Benn Thompson & Knight LLP 1700 Pacific Avenue, Suite 3300 Dallas, Texas 75201 Telephone: (214) 969-1423 Fax: (214) 969-1751 E-mail: Ted.Benn@tklaw.com CLE
More information2018 KPMG Lower Gulf Limited, operating in the UAE and Oman, member firm of the KPMG network of independent member firms affiliated with KPMG
1 Contents Company name: ABC IFRS report: IFRS 16 diagnostic report Month: June 2018 Glossary of abbreviations 3 Background about the entire exercise and how to read the report 4 Disclaimers 5 IFRS 16
More informationTax Assessment Appeals and Practice in Collar Counties. By William J. Seitz IICLE REAL ESTATE TAXATION PROGRAM. University of Chicago, Gleacher Center
Tax Assessment Appeals and Practice in Collar Counties By William J. Seitz IICLE REAL ESTATE TAXATION PROGRAM University of Chicago, Gleacher Center Chicago (November 1, 2012) I. INTRODUCTION A. Focus
More informationEITF ABSTRACTS. Title: Subsequent Accounting for Executory Contracts That Have Been Recognized on an Entity s Balance Sheet
EITF ABSTRACTS Issue No. 03-17 Title: Subsequent Accounting for Executory Contracts That Have Been Recognized on an Entity s Balance Sheet Date Discussed: November 12 13, 2003 References: FASB Statement
More informationUnified Government of Wyandotte County/Kansas City, KS
Unified Government of Wyandotte County/Kansas City, KS EDX Application for Tax Abatement (A filing fee of $1,000 must accompany this application when filed with City Clerk) Date Applicant (Owner of Property
More informationC O N D E M N AT I O N R O L L O V E R S S T E P - B Y - S T E P
C O N D E M N AT I O N R O L L O V E R S S T E P - B Y - S T E P Darryl P. Jacobs djacobs@ginsbergjacobs.com 312.660.9615 300 South Wacker Drive Suite 2450 Chicago Illinois 60606 Tel 312.660.9611 Fax 312.660.9612
More informationSIGNIFICANT ISSUES RELATING TO STOCK-BASED COMPENSATION FOR EXECUTIVES
SIGNIFICANT ISSUES RELATING TO STOCK-BASED COMPENSATION FOR EXECUTIVES Materials Submitted By: Scott P. Spector Fenwick & West LLP Palo Alto, California T his outline addresses topics relating to stock-based
More informationINNSBRUCK PROPERTY OWNERS ASSOCIATION, INC.
INNSBRUCK PROPERTY OWNERS ASSOCIATION, INC. FINANCIAL STATEMENTS for the years ended December 31, 2004 and December 31, 2003 INNSBRUCK PROPERTY OWNERS ASSOCIAnON, INC. Table of Contents December 31, 2004
More informationLEXSEE PLR This document may not be used or cited as precedent. Section 6110(j)(3) of the Internal Revenue Code.
Page 1 LEXSEE PLR 200703024 This document may not be used or cited as precedent. Section 6110(j)(3) of the Internal Revenue Code. Private Letter Ruling 200703024 PLR 200703024; 2006 PLR LEXIS 2378 October
More informationSSAP 14 STATEMENT OF STANDARD ACCOUNTING PRACTICE 14 LEASES
SSAP 14 STATEMENT OF STANDARD ACCOUNTING PRACTICE 14 LEASES (Issued October 1987; revised February 2000) The standards, which have been set in bold italic type, should be read in the context of the background
More informationContrarian Research Report
Texas Pacific Land Trust May 8, 1995 Price: $20 Ticker: TPL 52-wk.range: $17-$22 Dividend: $0.40 Shares out: 3.075 million Yield: 2% Market Cap.: $62 million Debt/Capital: 0% Book value/share: $3.53 Return
More informationInternational Financial Reporting Standards. Sample material
International Financial Reporting Standards Sample material Always in context guiding you all the way with summaries key points, diagrams and definitions REVENUE RECOGNITION CHAPTER CONTENTS The provisions
More informationHOW TO MAKE THE RIGHT LEASING DECISIONS
HOW TO MAKE THE RIGHT LEASING DECISIONS 9480A HOW TO MAKE THE RIGHT LEASING DECISIONS RICHARD W. LOTT CONTENTS ABOUT THIS COURSE ix HOW TO TAKE THIS COURSE xi 1 LEASING: HISTORY AND TRENDS 1 LESSORS
More informationAPPLICATION NUMBER A REQUEST FOR
APPLICATION NUMBER 5371 A REQUEST FOR SIGN VARIANCE TO ALLOW A THIRD WALL SIGN (87 SQUARE FEET) FOR A BUSINESS ON A SINGLE TENANT SITE; THE ZONING ORDINANCE ALLOWS A MAXIMUM OF TWO WALL SIGNS ON A SINGLE
More informationContact Person Applicants are encouraged to direct questions regarding this NOFA to:
New Mexico Affordable Housing Tax Credit Program Notice of Funding Availability Approved by the MFA Board of Directors April 21, 2010 (Effective July 1, 2010) Amended May 15, 2013 Background and Purpose
More information479 North Main Street, Grafton, OH 44044
Price: $ 3,435,888 Cap Rate: 7.75% Sample Prototype * Avg. HH income $71,000+ (approx. 38% higher than national avg). * Tenant invested capital improvements including a new asphalt parking lot showing
More informationInd AS 115 Impact on the real estate sector and construction companies
01 Ind AS 115 Impact on the real estate sector and construction companies This article aims to: Highlight key areas of impact of Ind AS 115 on the real estate sector and construction companies. Summary
More informationBusiness Valuations in the Planned Giving Context
Business Valuations in the Planned Giving Context 38 th Annual Minnesota Planned Giving Conference November 4, 2014 Presented by: Richard C. Berning, CPA/ABV/CFF, CBA, CVA, ABAR, CMA Copyright 2014: Berning
More informationInternal Revenue Service Revenue Procedure
Internal Revenue Service Revenue Procedure 2002-22 Revenue Procedure 2002-22 Internal Revenue Service (I.R.S.) TENANCY IN COMMON INTERESTS; UNDIVIDED FRACTIONAL INTERESTS SECTION 1. PURPOSE This revenue
More informationUNDERSTANDING PROPERTY TAXES IN COLORADO
UNDERSTANDING PROPERTY TAXES IN COLORADO This brochure was created to provide general information on the Colorado property tax system. For more specific information on any one of these topics, please visit
More informationLease & Finance Accountants Conference. September The Westin Charlotte Charlotte, NC
Lease & Finance Accountants Conference September 11-13 The Westin Charlotte Charlotte, NC H A N D O U T S Lessor Accounting under ASC 842 EQUIPMENT LEASING AND FINANCE ASSOCIATION Presenters Rod Hurd Chief
More informationAnnual Operating and Debt Service Budget
Adopted August 17, 2018 Prepared By Operating Budget General Fund Budget REVENUES Interest - Investments 466 1,020 1,617 1,617 3,789 1,000 4,789 3,500 Special Assessments- Tax Collector 321,431 398,791
More informationThe Tax Cuts and Jobs Act (P.L ) as signed by President Trump on December 22, Numerous provisions discussed below affect depreciation.
The Tax Cuts and Jobs Act (P.L. 115-97) as signed by President Trump on December 22, 2017. Numerous provisions discussed below affect depreciation. Code Sec. 179 Effective for tax years beginning after
More informationSri Lanka Accounting Standard-LKAS 17. Leases
Sri Lanka Accounting Standard-LKAS 17 Leases -516- Sri Lanka Accounting Standard-LKAS 17 Leases Sri Lanka Accounting Standard LKAS 17 Leases is set out in paragraphs 1 69. All the paragraphs have equal
More informationOVERVIEW OF HOUSING TAX CREDITS
OVERVIEW OF HOUSING TAX CREDITS Under the provisions of the Tax Reform Act of 1986, a federal Housing Tax Credit (HTC) was created to encourage the development of rental housing for limited income households.
More informationAmendments to the Municipalities Act, 1999
Amendments to the Municipalities Act, 1999 Background Municipalities in this province are governed mainly by the Municipalities Act, 1999 Amendments will: Modernize legislation and make it more consistent
More informationDee Wisor Denver, Colorado
Dee Wisor TITLE OF PRESENTATION dee.wisor@butlersnow.com 720-330-2300 CLIENT/LATERAL NAME 4600 South Syracuse 9 th Floor DATE Denver, Colorado 80237-2709 1 SELECTED TAX ISSUES IN CONNECTION WITH PUBLIC
More informationTreasury Regulations 1.42
Treasury Regulations 1.42 1.42-1 [Reserved] 1.42-1T Limitation on low-income housing credit allowed with respect to qualified lowincome buildings receiving housing credit allocations from a State or local
More informationROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON TRANSFER OF BUSINESS AS A GOING CONCERN
ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON TRANSFER OF BUSINESS AS A GOING CONCERN TABLE OF CONTENTS INTRODUCTION... 1 Overview of Goods and Services Tax (GST)... 1 SCOPE OF THIS GUIDE...
More informationClick to edit Master title style REVENUE RECOGNITION Understanding the New Revenue Recognition Standard ASC 606
Click to edit Master title style REVENUE RECOGNITION Understanding the New Revenue Recognition Standard ASC 606 9/7/2017 0 Agenda Overview of ASC 606 Review of the five-step process Accounting for contract
More informationSTATE OF WEST VIRGINIA
Earl Ray Governor-r STATE OF WEST VIRGINIA Department of Revenue State Tax Department February 28, 2014 Mark W. Matkovich State lax Commissioner CERTIFIED MAIL RETURN RECEIPT REQUESTED The Honorable Paul
More informationRECOMMENDATIONS OF SECTION 8 TASK FORCE TO TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS JULY 18, 2000
RECOMMENDATIONS OF SECTION 8 TASK FORCE TO TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS INTRODUCTION JULY 18, 2000 In June, 2000, the Texas Department of Housing and Community Affairs (TDHCA) appointed
More informationRev. Rul CLICK HERE to return to the home page. 1. Purpose.
CLICK HERE to return to the home page Rev. Rul. 55-540 1. Purpose. The purpose of this Revenue Ruling is to state the position of the Internal Revenue Service regarding the income tax aspects of the purported
More informationBill Culton, General Counsel Picerne Military Housing LLC. Dan Ferguson, Partner WeirFoulds LLP. Brad McLellan, Partner Weirfoulds LLP
TO P3 OR NOT TO P3? Bill Culton, General Counsel Picerne Military Housing LLC Dan Ferguson, Partner WeirFoulds LLP Brad McLellan, Partner Weirfoulds LLP Janis Vanderburgh, Senior Counsel York Region Rapid
More informationCredit Underwriting, Lease Structures and Documentation Provisions
Credit Underwriting, Lease Structures and Documentation Provisions Presenters John Azzopardi Chief Financial Officer TIP Capital Anthony L. Lamm, Esquire Managing Partner Lamm Rubenstone Lesavoy Butz &
More informationDEPARTMENT OF THE TREASURY INTERNAL REVENUE SERVICE WASHINGTON, D.C
DEPARTMENT OF THE TREASURY INTERNAL REVENUE SERVICE WASHINGTON, D.C. 20224 Number: 200532056 Release Date: 8/12/05 Date: 05/18/05 Contact Person: ----------------- Uniform Issue List Numbers: 501.07-00
More informationHudson Valley Foie Gras
Hudson Valley Foie Gras Application to County of Sullivan Industrial Development Agency for Financial Assistance for Prepared by: Planning & Research Consultants 100 Fourth Street Honesdale, PA 18431 (570)
More informationTOWN OF SIDNEY BYLAW NO A BYLAW OF THE MUNICIPALITY TO IMPOSE DEVELOPMENT COST CHARGES.
TOWN OF SIDNEY BYLAW NO. 1440 A BYLAW OF THE MUNICIPALITY TO IMPOSE DEVELOPMENT COST CHARGES. WHEREAS pursuant to Section 932 through 937 of the Municipal Act, the Council may, by bylaw, impose development
More informationManaging Compliance. Presented by Grace Robertson Internal Revenue Service November 17, 2009
Managing Compliance Presented by Grace Robertson Internal Revenue Service November 17, 2009 Introduction Objectives Guide for Completing Form 8823: Summary of Revisions Prioritize for Day-to-Day Operations
More informationLiving City Initiative
Living City Initiative What is the Living City Initiative and where does it apply? The Living City Initiative is a scheme of property tax incentives designed to regenerate both historic buildings and other
More informationFASB Update. FASB Exempts Private Companies from Variable Interest Entity Guidance Affects: Private Companies
FASB Update New Guidance Raises the Threshold for Discontinued Operations On April 10, the FASB issued ASU 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity,
More informationInternational Accounting Standard 17 Leases. Objective. Scope. Definitions IAS 17
International Accounting Standard 17 Leases Objective 1 The objective of this Standard is to prescribe, for lessees and lessors, the appropriate accounting policies and disclosure to apply in relation
More informationFYI For Your Information
TAXPAYER SERVICE DIVISION FYI For Your Information Gross Conservation Easement Credit OVERVIEW An income tax credit is available for tax years beginning on or after January 1, 2000, for the donation of
More information2 This Standard shall be applied in accounting for all leases other than:
Indian Accounting Standard (Ind AS) 17 Leases (This Indian Accounting Standard includes paragraphs set in bold type and plain type, which have equal authority. Paragraphs in bold type indicate the main
More informationExposure Draft (ED) 64 Summary Leases
AT A GLANCE January 2018 Exposure Draft (ED) 64 Summary Leases This summary provides an overview of Exposure Draft 64, Leases. Project objective: Development of ED 64: This ED proposes new requirements
More informationRecent Developments: Proposition 218 s Fees and Charges Provisions
Recent Developments: Proposition 218 s Fees and Charges Provisions The Meaning of Proposition 218 s Fees and Charges Provisions Remains Murky Despite a Seemingly Definitive Supreme Court Decision Presented
More informationMiles CPA Review: FAR Updates
Miles CPA Review: FAR - 2019 Updates Summary of updates: - FAR-4.4: s [ASC 842] effective fiscal years beginning after Dec 15, 2018 (for issuers) and effective fiscal years beginning after Dec 15, 2019
More informationREVENUE CODES. Chart V
REVENUE CODES Chart V * The codes listed in this booklet reflect the codes most commonly used by most departments. Codes specific to certain departments are not listed. If you have any questions, please
More informationTopic 14 IAS 18 - Revenue
Topic 14 IAS 18 - Revenue International Accounting Standard 18 (IAS 18) Scope of IAS 18 To prescribe the accounting treatment of revenue arising from: (a) (b) (c) (d) sale of goods; rendering of services;
More informationTHE APPRAISAL OF REAL ESTATE 3 RD CANADIAN EDITION BUSI 330
THE APPRAISAL OF REAL ESTATE 3 RD CANADIAN EDITION BUSI 330 REVIEW NOTES by CHUCK DUNN CHAPTER 20 Copyright 2010 by the Real Estate Division and Chuck Dunn. All rights reserved CHAPTER 20 - THE INCOME
More informationPROPOSED DISPOSAL OF 5 THIRD LOK YANG ROAD, SINGAPORE
Far East Group Limited (Company Registration No.:196400096C) (Incorporated in the Republic of Singapore on 18 March 1964) PROPOSED DISPOSAL OF 5 THIRD LOK YANG ROAD, SINGAPORE 628000 1. INTRODUCTION The
More informationBoard of County Commissioners
Board of County Commissioners A board of commissioners consisting of three elected people governs each county (except Marion County). In all except Lake and St. Joseph counties, the commissioners are elected
More informationFinancing Public-Private Partnerships for Infrastructure Assets
Presenting a live 90-minute webinar with interactive Q&A Financing Public-Private Partnerships for Infrastructure Assets Mitigating Legal Risks and Anticipating Tax Consequences of PPP Deals WEDNESDAY,
More informationTownship Law E-Letter
October 2009 4151 Okemos Road Okemos MI 48864 517.381.0100 http://www.fsblawyers.com Township Law E-Letter WATER AND SEWER RATES UPDATE Townships frequently contract with cities and villages for water
More informationDIFFERENCES BETWEEN THE HISTORIC REHABILITATION TAX CREDIT AND THE LOW-INCOME HOUSING TAX CREDIT
DIFFERENCES BETWEEN THE HISTORIC REHABILITATION TAX CREDIT AND THE LOW-INCOME HOUSING TAX CREDIT Andrew S. Potts NIXON PEABODY LLP 401 Ninth Street NW Washington, D.C. 20004 apotts@nixonpeabody.com. 202-585-8337
More informationLeases. Indian Accounting Standard (Ind AS) 17. Leases
Leases Indian Accounting Standard (Ind AS) 17 Leases Contents Paragraphs OBJECTIVE 1 SCOPE 2-3 DEFINITIONS 4-6 CLASSIFICATION OF LEASES 7-19 LEASES IN THE FINANCIAL STATEMENTS OF LESSEES 20-35 Finance
More informationKIRKLAND ALERT. IRS Unveils Start of Construction Rules for Solar, Other ITC-Eligible Technologies. Attorney Advertising
KIRKLAND ALERT June 26, 2018 IRS Unveils Start of Construction Rules for Solar, Other ITC-Eligible Technologies The IRS released long-awaited guidance for developers of solar and other projects that qualify
More informationGASB 69: Government Combinations
GASB 69: Government Combinations Table of Contents EXECUTIVE SUMMARY... 3 BACKGROUND... 3 KEY PROVISIONS... 3 OVERVIEW & SCOPE... 3 MERGER & TRANSFER OF OPERATIONS... 4 Mergers... 4 Transfers of Operations...
More informationCommunity Governance Act ANNUAL UTILITY CHARGE REGULATION (2018)
Community Governance Act ANNUAL UTILITY CHARGE REGULATION (2018) Date Enacted: 8 May 2018 Order Number: O.026-2018 As per O.026-2018 this regulation is effective as of March 31 st 2018 This version of
More information[Date] Dear Founders Bridge, Bel Crest and Bel Bridge Residents,
[Date] Dear Founders Bridge, Bel Crest and Bel Bridge Residents, At 6 PM on June 30 th a community meeting will be held in the Independence Golf Club auditorium for the purpose of discussing the possible
More informationTechnical Line SEC staff guidance
No. 2013-20 Updated 27 August 2015 Technical Line SEC staff guidance How to apply S-X Rule 3-14 to real estate acquisitions In this issue: Overview... 1 Applicability of Rule 3-14... 2 Measuring significance...
More informationLKAS 17 Sri Lanka Accounting Standard LKAS 17
Sri Lanka Accounting Standard LKAS 17 Leases CONTENTS SRI LANKA ACCOUNTING STANDARD LKAS 17 LEASES paragraphs OBJECTIVE 1 SCOPE 2 DEFINITIONS 4 CLASSIFICATION OF LEASES 7 LEASES IN THE FINANCIAL STATEMENTS
More informationMFRS Hot Topics. Contracts requiring payments linked to future sales. June 2017
MFRS Hot Topics Contracts requiring payments linked to future sales June 2017 Contents Section Page Issue 03 Guidance 03 Discussion 05 Examples 08 MFRS Hot Topics 2017 Issue This Hot Topic considers the
More informationDecember 13, delivery: To: Subject: File Reference No
Email delivery: To: director@fasb.org Subject: File Reference No. Technical Director File Reference No. Financial Accounting Standards Board 401 Merritt 7 PO Box 5116 Norwalk, CT 06856-5116 Ladies and
More information2) All long-term leases should be capitalized in the accounts by the lessee.
Chapter 18 Leases 1) The principal attribute of finance leases is that the risks and rewards of asset ownership are deemed to remain with the lessor. LO: 18-02 List the criteria for classification of a
More informationAPPLICATION FOR EXEMPTION PROPERTY TAXATION
STATE OF UTAH APPLICATION FOR EXEMPTION PROPERTY TAXATION TO THE SALT LAKE COUNTY BOARD OF EQUALIZATION: SALT LAKE COUNTY Application Is Hereby Made For Exemption From Ad-Valorem Property Tax Of The Following
More informationGST/HST Memoranda Series
GST/HST Memoranda Series 19.2.1 Residential Real Property Sales Overview This section of Chapter 19 examines the tax status of most types of residential real property sales. Leases of residential real
More informationDecember Loan Modification 8, 2015 and Preliminary Bond Items February 13, 2015 Ted Miyahara Director of Housing Finance
Torrey San Diego Vale Apartments Housing Commission Final Bond Authorization for Torrey Vale Housing Trolley Authority Residential of the City of San Diego December Loan Modification 8, 2015 and Preliminary
More informationPRIVATE ANNUITY AGREEMENT
PRIVATE ANNUITY AGREEMENT FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION. Specimen documents are made available for educational purposes only. This specimen form may be given to a client
More information02 target industry cluster. Arts, Entertainment, Recreation and Visitor Industries
02 target industry cluster Arts, Entertainment, Recreation and Visitor Shift-Share Analysis by Top Industry Sectors: MPS Region, IL Arts, Entertainment, Recreation and Visitor Jobs 2014 Independent Artists,
More informationMississippi Condo Statutes
Mississippi Condo Statutes West's Annotated Mississippi Code Title 89. Real and Personal Property Chapter 9. Condominiums 89-9-1. Short title This chapter shall be known and may be cited as the "Mississippi
More informationTax and Duty Manual Part Finance Leasing. Part This document should be read in conjunction with Chapter 5, Part 4 TCA 1997.
Finance Leasing Part 04-06-04 This document should be read in conjunction with Chapter 5, Part 4 TCA 1997. Document last revised June 2018. 1 Table of Contents 1 Introduction...3 1.1 Finance Leases...3
More informationTHE USE OF MARKETING TYPES FROM REAL ESTATE AGENCIES IN THE REGION OF PRISTINE
FACULTY OF ECONOMICS MASTER STUDIES DEPARTEMENT: MARKETING AND INFORMATICS MASTER THESIS: THE USE OF MARKETING TYPES FROM REAL ESTATE AGENCIES IN THE REGION OF PRISTINE Mentor: Prof. Ass. Dr. Shaip BYTYQI
More informationChange 6, September 1, TITLE 18 WATER AND SEWERS 1
Change 6, September 1, 2011 18-1 TITLE 18 WATER AND SEWERS 1 CHAPTER 1. MISCELLANEOUS. 2. CITY WASTEWATER SYSTEM. 3. WASTEWATER TREATMENT (SEWER) SYSTEM. 4. WATER. 5. CONNECTIONS WITH PUBLIC WATER SUPPLY.
More informationCNK & Associates, LLP
& Associates, LLP Accounting Standards vs Taxation - Revenue Recognition, Effect of Changes in Foreign Exchange Rates, Construction Contracts, Leases & Government Grants 8th July 2017 Gautam Nayak Himanshu
More informationCHAPTER 7 TAX SALES Public Auction, Sealed Bid Sale, Internet Auction. Presented by The State Controller s Office Burlingame, CA October, 2015
CHAPTER 7 TAX SALES Public Auction, Sealed Bid Sale, Internet Auction Presented by The State Controller s Office Burlingame, CA October, 2015 Introduction This presentation will outline the Chapter 7 taxdefaulted
More information