Practice Areas & Industries: Nexsen Pruet, LLC


Tax Exempt Organizations Return to Practice Areas & Industries

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Practice/Industry Group Overview

Non-profit organizations have experienced exponential growth in the last few decades. With this expanded role in today’s economy comes a unique set of challenges, including a wide range of tax-related issues.

Nexsen Pruet’s tax attorneys guide tax-exempt clients through the complex maze of federal and state rules and regulations that apply to tax-exempt organizations. From obtaining tax-exempt status to properly responding to an IRS inquiry, our team collaborates with non-profit clients to achieve their mission.

Experience with many types of entities

Our tax team represents non-profit organizations and public charities of all sizes. Our clients include large public hospitals, nursing homes, schools, church-related organizations, local animal rescue groups, theaters and others.

We also represent governmental entities and their affiliated, tax-exempt organizations. Those include groups created to promote economic development, trade associations, cooperatives, supporting organizations and private foundations.

We assist tax-exempt organizations during all phases of their existence, from initial formation to their dissolution. We also regularly counsel existing tax-exempt organizations on a variety of ongoing 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 (PACs)
  • Avoiding penalty taxes

Legal insight to support your goals

Our knowledge of tax-exempt organization issues 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. Our tax attorneys work with the IRS on a daily basis, and can help you address IRS challenges to tax-exempt status or related matters.

Articles Authored by Lawyers at this office:

Tips from IRS for Year-End Gifts to Charity
, December 09, 2015
On November 25, the Internal Revenue Service published "Tips from IRS for Year-End Gifts to Charity."

Important April 30, 2016 Deadline to Adopt Updated Pre-Approved Defined Contribution Retirement Plans
Suzanne G. Odom, October 26, 2015
All employers who are using a pre-approved form for their 401(k), profit sharing, or other defined contribution plan must sign updated documents on or before April 30, 2016 to preserve the tax-qualified status of the plan.

Relief for Federal Disaster Areas in South Carolina
William M. Wilcox, October 22, 2015
On October 7, 2015, the Internal Revenue Service (IRS) issued SC-2015-71 to grant relief to taxpayers located in federal disaster areas of South Carolina.

Maybank on the Government Accounting Standards Board issued Statement No. 77, Tax Abatement Disclosures
Burnet R. Maybank, August 25, 2015
Today, August 15, 2015, the Government Accounting Standards Board issued Statement No. 77, Tax Abatement Disclosures.