Wayne B. Henry 402.930.1742e-mail| vCard
Record deficits have placed increased scrutiny on nonprofit tax-exempt organizations, which comprise a significant portion of the economy. At the federal level, Congress is proposing legislative changes that will affect these organizations. States (including State Attorney Generals) are also focused on tax-exempt organizations and the IRS has begun an aggressive review and enforcement program aimed at the tax-exempt community (part of its five-year strategic plan). The Commissioner of the IRS stated: “Transparency is a lynchpin of compliance with the tax-exempt sector,” and the industry is responding. Exempt organizations cannot remain static in today’s environment, but must be innovative as they further their missions and goals. It is essential that tax-exempt organizations focus on, and address these issues, and receive expert guidance in dealing with them.
Practice Overview Our work with nonprofit tax-exempt organizations is as diverse as our team of attorneys representing them. We represent or serve more than 400 nonprofit tax-exempt organizations in various areas, including healthcare, educational institutions, low-income housing, student housing, religious organizations, quasi-governmental organizations, convention arenas and biological scientific companies to name a few. Our Nonprofit Tax-Exempt Group is comprised of attorneys from varied disciplines including corporate and tax, health care, employment and labor, real estate, litigation, intellectual property, white collar criminal and antitrust, as well as others. Scope of Service An in-depth understanding of the federal and state tax laws is a critical first step in assisting our nonprofit tax-exempt organization clients. We routinely provide extensive advice on issues specifically related to the federal tax law and regulations applicable to tax-exempt organizations, including representing tax-exempt organizations before federal and state agencies. Our experience includes the following areas: Federal Taxation – Section 501(c)(3) of the Internal Revenue Code and related sections Nonprofit Laws – State corporate statutes and regulations Directors and Officers Duties – Fiduciary duties Conflict of Interest – Federal and State requirements Intermediate Sanctions – Personal liability Tax-exempt Financing – 501(c)(3) financings Compensation Issues – Employment and labor law Employee Plans – Deferred compensation, 401(K) and 403b Joint Ventures – For-profit organizations or individuals Health Care Law – Federal regulatory rules and regulations Of Note Our understanding of the nonprofit tax-exempt arena and our representation of hundreds of tax-exempt organizations begins with experience in the fundamental rules and regulations that provide exempt status for these organizations under Section 501(c)(3), and related sections, of the Internal Revenue Code. One of our attorneys, who was formerly with the Chief Counsel’s Office of the Internal Revenue Service (in the National Office, Washington, D.C.), dealt with Section 501(c)(3) while there and is a recognized national resource in this area of the law. Another attorney was Chief of Staff and Counsel to the Missouri Attorney General, and worked on a number of nonprofit matters during his career with the Missouri AG’s Office.
Our work with nonprofit tax-exempt organizations is as diverse as our team of attorneys representing them. We represent or serve more than 400 nonprofit tax-exempt organizations in various areas, including healthcare, educational institutions, low-income housing, student housing, religious organizations, quasi-governmental organizations, convention arenas and biological scientific companies to name a few. Our Nonprofit Tax-Exempt Group is comprised of attorneys from varied disciplines including corporate and tax, health care, employment and labor, real estate, litigation, intellectual property, white collar criminal and antitrust, as well as others.
An in-depth understanding of the federal and state tax laws is a critical first step in assisting our nonprofit tax-exempt organization clients. We routinely provide extensive advice on issues specifically related to the federal tax law and regulations applicable to tax-exempt organizations, including representing tax-exempt organizations before federal and state agencies. Our experience includes the following areas:
Our understanding of the nonprofit tax-exempt arena and our representation of hundreds of tax-exempt organizations begins with experience in the fundamental rules and regulations that provide exempt status for these organizations under Section 501(c)(3), and related sections, of the Internal Revenue Code. One of our attorneys, who was formerly with the Chief Counsel’s Office of the Internal Revenue Service (in the National Office, Washington, D.C.), dealt with Section 501(c)(3) while there and is a recognized national resource in this area of the law. Another attorney was Chief of Staff and Counsel to the Missouri Attorney General, and worked on a number of nonprofit matters during his career with the Missouri AG’s Office.