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Serve The Needs Of Others With Legal Support
We believe that charitable giving plays an important role in creating lasting legacies. We advise individuals and families with charitable inclinations on ways to amplify the impact of their generosity while maintaining the alignment with the donor’s other estate planning goals. Our attorneys can skillfully employ the most tried-and-tested strategies for charitable giving and advise you on tailored solutions to fit your unique philanthropic vision. We can also provide support to tax-exempt organizations with a focus on addressing their distinctive tax-related requirements, which encompasses a comprehensive range of services, including the establishment of nonprofit entities, along with the critical task of securing and maintaining the tax-exempt status under the relevant sections of the Internal Revenue Code.
Frequently Asked Questions About Nonprofits
We find that even those with the greatest charitable intentions seldom are aware of various ways their giving can be structured to provide tax benefits in addition to supporting a worthy cause. We can help structure your charitable giving to maximize the tax benefits and integrate the gift with the other components of your estate plan, so that the overall tax efficiency of the plan is increased and your legacy thus has a bigger impact in the world.
Common strategies in this area include charitable remainder trusts (CRTs), charitable lead trusts (CLTs), private foundations, and donor-advised funds. These techniques can be used to claim current deductions, defer recognition of income, or make efficient use of your estate and gift tax exemption.
A tax-exempt organization is an entity that is exempt from paying certain federal and state income taxes because it exclusively serves a charitable, religious, educational, or other tax-exempt purpose as defined by the Internal Revenue Code.
To obtain tax-exempt status, an organization must meet specific requirements outlined in the Internal Revenue Code and potentially apply for the relevant exception. The organization also typically needs to file the appropriate forms with the Internal Revenue Service, such as Form 1023 or Form 1023-EZ.
Self-dealing refers to transactions or actions between a tax-exempt organization and persons who have significant influence over the organization (such as officers, directors, trustees, or substantial contributors). Examples of self-dealing include an insider selling property or assets to the organization, borrowing money from the organization, being paid excessive compensation, or using the organization’s assets for personal benefit.
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Please feel free to contact us. We strive to respond to web-based requests within 1-2 business days.
Signs That You May Need Us
If you’re unsure whether you need a nonprofit attorney, consider these signs:
- Want to create a nonprofit organization
- Have concerns about tax-exempt status
- Have received notice from the IRS
How to Get Started
1Contact Us:
Our dedicated staff will listen to your needs and direct you to the attorney who can best assist you.