Tax Exempt Organizations

Tax Exempt Organizations

Nonprofits and exempt organizations are focused on delivering upon their mission, however complicated regulations dictate every structure of their life-cycle.  It’s crucial nonprofits know how to stay in compliance with government rules and regulations.  Our attorneys understand the important work these organizations provide and realize they can ease the burden of compliance.

We work with public charities, private foundations, social service organizations, and family trusts from their inception – preparing organizational documents and tax exempt applications – through ongoing maintenance and daily operations.  Specifically services include:

  • Incorporation and corporate structures
  • Nonprofit board governance
  • Mandatory filings
  • IRS issues
  • Tax-exemption applications
  • Legal audits
  • Charitable solicitation registration
  • State and local tax matters
  • Charitable gifts and fundraising
  • Unrelated business income tax (UBIT)
  • Board governance
  • Employment
  • Investment and endowment policies
  • Reasonable compensation

Our lawyers also counsel section 501(c)(3) organizations in fundraising and donor-related activities, providing advice on matters such as:

  • Compliance with charitable solicitation laws
  • Availability of income tax deductions for donors, and substantiation requirements
  • Creation of donor advised funds, field of interest funds and endowment funds
  • Creation of charitable remainder and lead trusts
  • Creation of gifts annuities and pooled income funds

Founded in 1920, Ruder Ware provides business, employment, estate planning, and litigation services through its offices in Wausau, Eau Claire, and Green Bay, Wisconsin.  A full-service law firm, over 40 attorneys provide clients with a one-stop approach to their legal needs. Ruder Ware, Business Attorneys for Business Success.

Proposed Gift and Estate Tax Changes Mean Some May Need to Act Now

Posted on April 9, 2021 by and

In the United States Congress, there is an arduous journey before a bill becomes law.  See the classic School House Rock! video, “I’m Just a Bill.”  But there is a common theme running through some gift and estate tax bills that have been introduced in Congress this year.  That is: an appropriate way to raise […]

Adult Guardianship 101

Posted on March 17, 2021 by

Our team here at Ruder Ware has focused previous blogs and other educational materials on ways to avoid adult guardianship (see Related Articles section at the end of my post); however, there may be some instances where guardianship is unavoidable.  Earlier this month, I attempted to simplify the guardianship process in my vlog.  This blog […]

What is the Estate Tax and How Does it Work?

Posted on February 17, 2021 by

Earlier this month, I provided a very brief overview of the estate tax in a vlog.  You can view the vlog here.  In this blog post, I’ll expand on estate tax basics. What is the estate tax?  At its foundation, the estate tax is a tax imposed on the transfer of property upon death.  It […]

Stimulus Payments: When Should I File My 2020 Taxes?

Posted on February 11, 2021 by

With Congress still negotiating a third round of stimulus payments, you should carefully consider when to file your taxes this tax season.  Tax season begins February 12th and ends April 15th.  Filing your taxes earlier or later within that time period may determine whether or not you receive the third stimulus payment and how much […]

Holiday Giving: Will My Gifts Have Tax Consequences?

Posted on December 14, 2020 by

The holiday season is a time of giving! With Christmas arriving next week, you might be rushing to find last minute gifts for the special people in your life. Have you considered potential tax consequences of those gifts? The annual gift exclusion for 2020 is $15,000. This means that an individual donor may gift $15,000 […]

Peter, Paul, and Mary Should Make Large Gifts – Now!

Posted on July 30, 2020 by , and

Peter, Paul, and Mary have done well for themselves. Each has a nice home, a seasonal residence, and a large IRA. Coincidentally, each also has an additional $11 million worth of real estate, savings, brokerage accounts, and closely-held business interests. We advised Peter, Paul, and Mary that in 2020 each has a federal gift and […]

IRS Provides More Retirement Plan and IRA Relief

Posted on June 24, 2020 by

Yesterday, the IRS issued additional guidance regarding two hot topics over the last six months: the waiver of the 2020 required minimum distributions (RMDs) from retirement plans and IRAs, and the change in the required beginning date for RMDs from age 70 ½ to age 72. Extension and Expansion of 60-Day Rollover for 2020 RMDs […]

Why SECURE Act Matters to You

Posted on May 30, 2020 by

The SECURE Act, a federal law enacted on December 20, 2019, made significant changes to how retirement assets, including 401(k) plans and other IRA’s, are treated both during our lives and for our beneficiaries after death. This article will briefly summarize the aspects of the Act that likely matter most to you. During Your Life […]

IRS Provides Information on Where to Send Deceased Individual’s Stimulus Check

Posted on May 7, 2020 by

On the same day we published the article My Deceased Family Member Received a COVID-19 Stimulus Check, Now What? the IRS provided guidance on how to return stimulus payments that were made under the CARES Act to deceased individuals. If your deceased family member or relative received a paper check by mail, you should follow these […]

My Deceased Family Member Received a COVID-19 Stimulus Check, Now What?

Posted on May 6, 2020 by

There has been significant publicity surrounding the issue of deceased individuals receiving stimulus checks under the CARES Act.  It is far more common than you may think, simply because of the speed in which our government operated to send out the payments.  The stimulus checks were issued to individuals that met certain income requirements and […]

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