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Goldburd McCone LLP
New York City Tax Lawyers

Not For Profit & Tax-Exempt Organizations

At the core of every nonprofit organization is its adherence to the Code. At the core of Goldburd McCone LLP., is an understanding of that Code. The Internal Revenue Code controls every Not For Profit; how they operate, how services may be delivered, the reach of the social benefits it can create and the community good it can achieve. Adherence to the Code is crucial to an organization's success, and to its overall mission. The complexities involved requires effective and tax intelligent management, and not just an understanding of the compliance issues applicable to tax-exempt nonprofits, but a mastery of it.

Our goal is to empower nonprofit organizations with tax knowledge from formation, through growth, expansion and beyond. While reverence to compliance with federal, state, and local laws and regulations is paramount, we also counsel on best practices in governance, strategies for engaging in activities that generate revenue. We work hand in hand with board membership to cement their fiduciary duties so they can steer the course of their organizations.

Services Include:

  • Formation and obtaining Government Clearance for tax exemption
  • Bylaws and Governance
  • Compliance Program Creation
  • Executive Compensation
  • Fiduciary Training
  • For-profit Subsidiaries/ Affiliations
  • Unrelated business income tax
  • Excess benefit transactions, private inurement and private benefit compliance
  • Operational matters, including negotiating and drafting contracts
  • Exemption from state and local real property tax, income tax and sales and use tax
  • Review of annual filings, including IRS Forms 990 and 990-PF
  • Audits, investigations and proceedings by the IRS, state attorneys general and other governmental bodies
  • Conversions to taxable and tax-exempt status
  • Dissolutions

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