Our tax team provides charitable and other nonprofit organizations with comprehensive advice on a variety of tax issues. With our guidance, we help these entities operate successfully in this increasingly complicated, regulated and competitive environment.
We serve our clients in the following areas:
- Establishment of nonprofit organizations and IRS recognition of appropriate exemptions
- Advice and guidance on initial and annual compliance with federal and applicable state tax laws, including the review of annual returns required to be filed with federal and state governments
- Form 990 and Form 990-PF annual reporting
- Tax classification issues, including publicly-supported charities and supporting organizations
- Private inurement and private benefit
- Excess benefit transactions, including executive compensation
- Unrelated business income tax issues
- Private foundation issues, such as self-dealing, taxable expenditures, excess business holdings, minimum distributions, tax on net investment income and jeopardy investments
- State and local tax issues including property tax exemption
