Not For Profit Tax

The compliance burden imposed on not-for-profit organizations has never been greater. There are many traps for the unwary that not-for-profit organizations must navigate with constant diligence.Braj Aggarwal, CPA, P.C. has a depth of expertise in all areas of not-for-profit compliance and planning techniques that allows us to assist organizations in a variety of ways so they can focus on accomplishing their exempt purpose without running into tax-related penalties or compliance issues.

Our not-for-profit tax services include:

• Structuring the operations of new organizations to qualify for tax-exempt status
• Applying for recognition of tax-exempt status
• Planning and consulting regarding Unrelated Business Income Tax (UBIT)
• Planning and consulting regarding potential excess benefit transactions
• Private foundation excise taxes (net investment income, annual distribution requirements, self-dealing, jeopardizing investments, excess business holdings, and taxable expenditures)
• Assisting with all not-for-profit compliance services, including preparation of Form 990, Form 990-PF, Form 990-T, etc