The Marcum Tax-Exempt Advisory Services group has extensive experience in handling all aspects of tax planning, compliance and accounting issues for tax-exempt organizations.
Our clients range from small, charitable organizations to large, international membership associations. We work closely with the management, boards and staff of each organization in a team effort to meet the special challenges and issues they face. We also maintain a technical knowledge of current issues through continuing education and by monitoring federal and state legislative changes, IRS rulings and court decisions.
As client service is a main goal of Marcum, we work regularly with the other tax and business service groups within the firm to assure that we anticipate and exceed the needs and expectations of our tax-exempt organizations.
Types of Organizations & Associations we assist:
- Educational, religious and charitable organizations.
- Independent schools.
- Trade associations.
- Social clubs.
- Fraternal organizations.
- Private foundations.
Tax-Exempt Advisory Services
- Application for exempt status.
- Private letter rulings.
- Federal tax compliance.
- Multi-state and local tax compliance.
- Political action committee (PAC) compliance.
- Lobbying and political activity restrictions and reporting.
- For-profit strategies to minimize the impact of unrelated business income.
- Organizational operations restructuring.
- State tax advisory and exemptions.
- Private foundation status and reporting requirements.
- Charitable remainder trusts.
- Federal and state tax dispute resolution.
Related News
February 23, 2018
As Seen In
The New York Times quoted national Tax Leader Joseph Perry in an article discussing the complexities and confusion created by the Tax Cuts & Jobs Act, and the likely battles yet to come in Congress.
Never mind that once in a generation tax bill that just passed last year. Congress is headed for years more of big fights over taxes, ....
February 21, 2018
Tax Flash - Tax Return Compliance
The Impact of Tax Reform on Financial Accounting
On December 22, 2017, the Tax Cuts and Jobs Act, was signed into law. The Act will have a significant impact on financial reporting issued ....
February 15, 2018
Tax Flash - International Taxation
New IRS Directives Issued for Transfer Pricing Examinations
On January 12, 2018, the Large Business and International Division of the Internal Revenue Service issued five directives which provide instructions on how IRS agents ....
February 13, 2018
Tax Flash - Tax Return Compliance
Bipartisan Budget Act of 2018
The Bipartisan Budget Act of 2018, enacted last Friday, February 9, contains a number of tax breaks for both individuals and businesses. These include the ....
February 12, 2018
As Seen In
The Hartford Business Journal quoted Connecticut Tax Partner-in-Charge Brett McGrath, in an article about the impacts of the Tax Cuts & Jobs Act of 2017.
More than 30 years after digesting the last major federal tax overhaul, Connecticut accountants and legal advisers working to interpret the latest changes to the ....
February 12, 2018
As Seen In
The Hartford Business Journal published a column by Tax Services Director Marla Esan about the impacts of the Tax Cuts & Jobs Bill for nonprofit organizations.
Like every sector, nonprofits won some and lost some in the Tax Cuts & Jobs Act. Here is a brief summary of the provisions impacting ....
February 09, 2018
As Seen In
CNBC quoted Tax Principal Michael D’Addio in an article about adjusting paycheck withholdings to comply with the new tax rates for individuals.
In January, the Treasury Department released its income tax withholding tables, updated to reflect changes stemming from the Tax Cuts and Jobs Act. The new ....
February 05, 2018
As Seen In
Bloomberg News quoted Ed Reitmeyer, Philadelphia partner-in-charge of Tax Services, in an article about tax strategies for owners of pass-through businesses under the new tax law.
If exploiting a tax loophole is as much an art as a science, then the tax planning profession is poised for a creative renaissance. The ....
January 30, 2018
As Seen In
Fox Business spoke with Tax Principal Michael D’Addio about the need to adjust paycheck withholdings under the new tax law.
As employees begin to receive their updated paychecks based on the new tax code changes, many are seeing incorrect withholding amounts, which could lead to ....
January 30, 2018
As Seen In
Long Island Business News reported on the Marcum tax panel the publication’s editor is co-moderating with Melville Office Managing Partner Carolyn Mazzenga.
Long Island Business News Editor Joe Dowd and Marcum Melville Office Managing Partner Carolyn Mazzenga are set to moderate a series of panel discussions tonight ....
January 30, 2018
As Seen In
Bloomberg’s Talking Tax podcast invited Tax Principal Michael D’Addio onto the show for a discussion about whether the new tax law will drive pass-through entities to convert to C-Corporation status.
The new tax law lowers the corporate tax rate to 21 percent—a change that some lawmakers have suggested could prompt pass-through entities to convert to ....
January 29, 2018
As Seen In
Long Island Business News quoted State & Local Tax Leader Paul Graney in an article about options New York State is considering to counter the regional tax impact of the federal Tax Cuts & Jobs Act.
Facing new federal rules that limit state and local tax deductions, New York and California are considering options to give their residents a big federal ....
January 29, 2018
As Seen In
CFO.com published an article by Tax Leader Joseph Perry and Tax Principal Michael D’Addio, discussing the pros and cons of C-corporation v. pass-through entity status under the new tax law.
A 21% income tax rate might sound appetizing to some pass‐through entities, but C‐corporation status doesn't suit every organization.
January 24, 2018
As Seen In
Associated Press quoted Tax Principal Michael D’Addio in an article about how small businesses are capitalizing on the new tax law.
Although there are still many unknowns about the tax law that took effect Jan. 1, some small business owners have already figured out that they ....
January 23, 2018
Tax Flash - Tax-Exempt Business Services
How the Nonprofit World Fared with the Tax Cuts and Jobs Act of 2017
Like every sector, nonprofits won some and lost some. The final legislation, as compared to earlier drafts, ultimately had a narrower, though significant, impact in ....
January 19, 2018
Tax Flash - State & Local Taxation
U.S. Supreme Court Will Hear South Dakota's Sales Tax Case
On January 12, 2018, the United States Supreme Court decided that it will hear a South Dakota case (State of South Dakota v. Wayfair Inc., ....
January 09, 2018
Tax Flash - Tax Return Compliance
2018 Tax Filing Season Begins January 29
The Internal Revenue Service announced that the nation's 2017 tax season will begin Monday, January 29, 2018. This is to ensure the security and readiness ....
January 05, 2018
Tax Flash - Tax Return Compliance
Due Dates for Business and Individual Income Taxes for the 2018 Tax Year
As the filing season for the 2017 tax year begins, it is important to remember when the applicable returns must be filed.
December 22, 2017
Tax Flash - The Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act is Now Law
President Trump signed this legislation into law today. The act is the most significant tax legislation since the Tax Reform Act of 1986.
December 21, 2017
Tax Flash - Tax Reform
The Tax Cuts and Jobs Act is Finally Here, No More Do Overs
This week, Republicans agreed on a final version of the tax reform bill and filed a conference agreement on December 15, 2017.
December 20, 2017
As Seen In
Bloomberg Markets Radio had Tax Leader Joseph Perry on the show to discuss aspects of the new tax reform plan.
Bloomberg Markets Radio had Tax Leader Joseph Perry on the show to discuss aspects of the new tax reform plan.
November 17, 2017
As Seen In
NBC Nightly News interviewed New York Tax Leader Maury Cartine for a story about how much President Trump stands to potentially save under the GOP tax plan.
NBC Nightly News interviewed New York Tax Leader Maury Cartine for a story about how much President Trump stands to potentially save under the GOP ....
November 17, 2017
As Seen In
The New York Times spoke with Philadelphia Tax Partner-in-Charge Ed Reitmeyer about the treatment of pass-through income under the House Tax Cuts & Jobs bill.
The rewrite of the tax code, which the House passed on Thursday, proposed a 25 percent tax rate for small businesses for owners who report ....
November 17, 2017
As Seen In
MSNBC invited New York City Tax Partner-in-Charge Maury Cartine onto the program to discuss his analysis of how President Trump's 2005 federal tax return would fare under the House Tax Cuts & Jobs bill.
November 17, 2017
As Seen In
Fox News invited national Tax Leader Joseph Perry back to "Happening Now" to continue discussing whether the House and Senate tax reform bills will deliver on their promises to cut taxes for the middle class.
November 16, 2017
As Seen In
NBC News asked Marcum to analyze the impact of the House Tax Cuts & Jobs Act on the 2005 federal tax return of Donald Trump, and reported the Firm's findings.
President Donald Trump has insisted, for months, that the Republican tax plan he supports won't benefit him. In fact, Trump and his heirs potentially could ....
November 14, 2017
Tax Flash
Senate Committee on Finance Issues Version of Tax Cuts and Jobs Act
Last week, the Senate Finance Committee issued its version of the recently released House Tax Cuts and Jobs Act.
November 10, 2017
Press Release
2017 Marcum Year-End Tax Guide Now Available
Marcum LLP has issued its 2017 Year-End Tax Guide in the midst of Congressional efforts to reform the national tax code. This year's tax guide ....
September 28, 2017
Tax Flash
The Long-Awaited Tax Proposal: The Unified Framework for Fixing our Broken Tax Code
On September 27, 2017, the Trump Administration and Republican leaders released a unified framework for tax reform that would make changes to both individual and ....
September 28, 2017
As Seen In
Tax Partner Robert Spielman wrote about maximizing your charitable contributions for his latest column in the Coconut Creek City News.
There is seemingly no end to the solicitations we receive from qualified charitable organizations seeking our assistance.
June 16, 2014
Tax-Exempt Business
10 Things to Consider Before Filing Your Organization's Next Form 990
Every year, Tax Exempt Organizations go through the frustrating task of filing their annual Organization Exempt from Income Tax Return (Form 990). Below is some ....
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The Marcum 2017 Year-End Tax Guide continues our tradition of providing timely tax guidance for the upcoming year.
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.
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