Exempt Organizations Tax Services

Compliance

Consulting

Primary Contact

Julius Green
215.972.2352
jgreen@parentenet.com

Brochures (PDF)

Exempt Organizations Tax Services Brochure

Newsletters (PDF)

Tax Alert, Vol. 2, Issue 1

Tax Consulting Services—Guiding Exempt Organizations Through the Complexities of the Tax Code

Parente Randolph’s Exempt Organization Tax Practice has extensive experience in handling tax planning, tax compliance and accounting issues for tax-exempt organizations. Our clients range from small, charitable organizations to large, international membership associations.

The following is a representative list of the types of services Parente Randolph offers:

Audit representation with taxing authorities (federal and state)
Determination letters: obtaining and maintaining tax exempt status
Ruling requests (federal and state): designed to address specific client tax issues
State tax analysis

Sales tax exemptions
Real estate tax exemptions

Tax planning: enhancing tax benefits or minimizing tax exposure through appropriate planning
Lobbying analysis: assisting in understanding the limits within which it must operate in influencing the legislative environment, without adversely affecting its tax-exempt status
Unrelated Business Income Tax (“UBIT”) study: assisting in reducing or eliminating the tax on unrelated business income
Private foundation excise tax minimization
Private foundation termination tax minimization: IRC §507 potentially subjects private foundations to penalties and excise tax
Intermediate sanctions: we offer guidance in eliminating exposure to the related penalties that can occur when “disqualified persons” receive excess compensation from exempt organizations and excise taxes; also offering assistance in developing a “rebuttable presumption”
Donor-advised funds: review of donor-advised funds will provide strategies for reducing the impact of IRS restrictions
Governance analysis (internal controls/operations): dealing with specific legislation passed to address internal control abuses by for-profit entities; the guidance of Sarbanes-Oxley can greatly benefit the governance of charitable organizations as well
Foreign grant making: providing guidance regarding the new developments impacting international giving, pursuant to IRS Announcement 2003-29

Other services:

FIN 48 Analysis, Accounting for Uncertainty in Income Taxes
Comprehensive tax check-ups
Preparation of IRS Forms 990 and 990T
State tax returns required for income, sales, use or property taxes
Application for Exemption Forms 1023 or 1024
State charitable registration and/or annual filing
Group exemption and chapter check-up
Review of royalty, affinity, sponsorship contracts
IRS private letter ruling requests

Knowing the Ins and Outs of your Organization Enhances Parente Randolph’s Services

Keeping a finger on the pulse of your exempt organization is critical to Parente Randolph’s ability to assess and appropriately plan to ensure our clients meet their tax filing obligations.

We work closely with the management, boards and staff of each organization and maintain a technical knowledge of current issues through continuing education and by monitoring federal and state legislative changes, IRS rulings and court decisions. Parente Randolph’s commitment to staying ahead of the information gap allows us to anticipate your needs and expectations, so that we can help you prepare for the future.

Parente Randolph’s dedication to not-for-profit organizations has enabled our professionals to hone a certain level of in-depth expertise aimed at addressing the specific needs of local social service agencies, foundations, trade associations, labor organizations, international fraternities, institutions of higher education, charities, hospitals, and other 501(c) entities across the country. Knowing and meeting your specific needs is an integral component of our service to you.