Tax Exempt Organizations
Non-profit organizations have experienced exponential growth over the last 25 years. With this expanded role in today’s economy comes a unique set of challenges. Our tax team guides our tax-exempt clients through the complex maze of federal and state rules and regulations applicable to tax-exempt organizations. From obtaining tax-exempt status to properly responding to an IRS inquiry, our team partners with each non-profit client with an end goal of enhancing their mission.
Our tax team represents public charities of all sizes, from substantial public hospitals, nursing homes, schools, and church-related organizations to local animal rescue groups and theaters. Our clients also include governmental entities and their affiliates, tax-exempt organizations that are designed to promote economic development, trade associations, cooperatives, supporting organizations and private foundations.
We assist tax-exempt organizations during all phases of their existence, from the formation of new tax-exempt organizations to fulfill charitable giving or philanthropic initiatives to the dissolution of such organizations. We also regularly help existing tax-exempt organizations satisfy on-going compliance requirements, such as:
- Following good governance practices
- Adopting conflict of interest policies
- Avoiding private inurement and excess benefit transactions
- Satisfying applicable reporting and disclosure requirements
- Understanding unrelated business taxable income issues
- Structuring joint venture arrangements
- Addressing lobbying limitations
- Assisting with the formation of Political Action Committees (PAC)
- Avoiding penalty taxes
WHY NEXSEN PRUET?
Our knowledge of tax-exempt organization issues also enables our team of tax attorneys to better advise you about the tax-exempt finance and employee benefits rules that only apply to tax-exempt organizations. We can also take your charitable giving initiatives from start to finish by establishing a private foundation as part of your estate plan. If your tax-exempt status is challenged by the IRS, our tax attorneys who work with the IRS on a daily basis and who regularly litigate tax cases will be there to assist you.