Charitable organizations and other tax-exempt entities are subject to complex legal rules, including the tax laws governing the formation, operation, contributions, and dissolution. For private foundations, the rules are particularly strict, and violations can trigger large penalties. Jones Waldo’s Nonprofit and Tax-Exempt Organizations Practice Group provides comprehensive advice regarding the formation and governance of not-for-profit organizations.
The Nonprofit and Tax-Exempt Organizations Practice Group assists clients in obtaining tax-exempt status under federal and state tax laws. We also advise tax-exempt organizations with respect to reporting, disclosure, and other compliance issues; e.g., prohibited transactions, unrelated business income tax, excess benefit transactions, business arrangements between tax-exempt organizations and individuals and/or for-profit entities, etc.
