Tax-Exempt Organizations

solving complex tax implications

The tax attorneys at Minneapolis law firm Henson Efron have worked with many clients through the myriad of issues related to the tax laws of various jurisdictions. Our attorneys are experienced in analyzing and solving complex legal issues with tax implications.

Henson Efron tax lawyers advise clients on both domestic and international taxation and counsel clients that income and wealth are subject to various tax regimes. The various tax regimes include international treaties, federal and national tax laws, state, local and provincial tax laws, and the volumes of rules, regulations, notices, and pronouncements of international, national and subnational tax authorities. It is prudent business and wise wealth management to consult and engage a professional legal tax advisor when structuring a transaction, analyzing an investment, or contemplating a disposition of valuable property. Our tax attorneys assist clients to improve the outcomes of their economic decisions through proper planning and excellent execution.

Tax Services

Tax Planning and Compliance
Tax Controversy and Dispute Resolution
Tax-Exempt Organizations
Tax Opinions
Executive Compensation and Employee Benefits
Estate and Gift Tax

Tax-Exempt Organizations

What do charities, churches, hospitals, universities, charter schools, pension plans, political parties, and municipalities have in common? They are all a type of tax-exempt organization. Many Henson Efron clients are tax-exempt organizations with sophisticated enterprises, generating significant revenue and employing a large workforce. Such organization may own real property, manage large portfolios, and issue securities, all of which are issues the tax attorneys at Henson Efron can counsel the organizations on.

Tax-exempt organizations are heavily regulated. Deviating from their tax-exempt purpose can expose them to income taxes on business income, excise tax and tax penalties. Further, the name tax-exempt organization is somewhat misleading. Though these organizations generally are exempt from income tax, they may still be subject to other taxes like sales taxes, property taxes, excise and transfer taxes, and employment taxes.

Applying for tax-exempt status from the Internal Revenue Service can be a laborious process, demanding solid legal advice. Managing a tax-exempt organization and raising capital to fund your organization requires the same guidance. Our tax attorneys can assist with forming, managing, and funding tax-exempt organizations of all types.