New York City and Long Island Tax Attorneys

Since 1983, our tax firm has skillfully represented individuals and corporations in New York City and Long Island, across the country and throughout the world.

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Managing The Tax Status Of 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 require effective and tax-intelligent management and not just an understanding of the compliance issues applicable to tax-exempt nonprofits, but a mastery of them.

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 and 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 government bodies
  • Conversions to taxable and tax-exempt status
  • Dissolutions

For assistance managing the tax implications of your not for profit or tax exempt organization, contact Goldburd McCone LLP at our office in Manhattan to schedule your case evaluation today. Call 212-235-1817 or send an email now.