Kulzer & DiPadova guides clients through the maze of nonprofit and tax-exempt corporate governance and regulations.
Because of the significant tax benefits that can be afforded to a nonprofit or tax-exempt entity, the Internal Revenue Code and corresponding regulations, rulings and cases which support and interpret them, create a complex web which require counseling. Nonprofit and tax-exempt organizations include “public” charities, private foundations, social organizations, political organizations, business leagues and trade organizations.
Nonprofit and tax-exempt entities are regulated by both State law and federal tax law. Beginning with formation, throughout its operation and concluding with its dissolution, our attorneys provide guidance concerning all compliance matters to meet the important mission of the organization while meeting its tax and reporting obligations to obtain and maintain its tax-exempt status.
Many clients seek to implement a tax-exempt entity as part of their estate plan. The entities to be used can include a private foundation or charitable remainder trust or charitable lead trust. Our experience in assisting public charities, as well as other types of tax-exempt entities, provides us with the expertise to assist our clientele in meeting their charitable and philanthropic goals in their estate plans.
