Earney & Company L.L.P. has developed an
unequaled reputation in the Wilmington area for its
exempt organization practice. Recent events, which have
found some exempt organizations to be in clear violation
of their tax-exempt status through questionable
operations practices, have prompted the Internal Revenue
Service (IRS) to take action.
The IRS has made it clear that, for organizations
that receive philanthropic funds and charitable funds,
enforcement of compliance with the Internal Revenue Code
statutes and regulations guiding these types of
organizations will become increasingly stringent.
Stricter interpretation of the Code, as well as changes
in the structure of the Exempt Organizations Division of
the IRS, will be reinforced by changing legislation to
ensure adherence to the Code’s guidance for exempt
organizations. Public Charities and Private Foundations
alike will be impacted by this overall change.
Earney & Company L.L.P. recognizes the importance of
these changes, and is prepared to address the wide range
of related issues that affect exempt organizations,
private foundations and charitable trusts. This would
include issues that impact the ability of organizations
to maintain an economically viable entity that is
responsive to the needs of its clients, and furthers its
charitable purpose.
Call today to find out how Earney & Company,
L.L.P. can help your exempt organization.
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Earney & Company, L.L.P.
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