Marcum LLP
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Nonprofit & Social Sector - Tax Services

 

With more than 25 years of experience, Raffa - Marcum’s Nonprofit & Social Sector Group brings an unmatched depth and breadth of expertise in tax consulting and preparation services.

We serve nonprofits, closely-held businesses and high net-worth individuals and families.

We provide tax and estate planning for industry leaders and their families, and help ensure that our tax-exempt clients stay that way. Our tax advisors have worked with owners and managers of substantial assets as well as with governing boards and executive staff of thousands of mission-driven organizations.

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Related Services:      Nonprofits   |   Closely-Held Businesses   |   Individuals & Families

Nonprofits

Tax-exempt status comes with many strings attached.

As scrutiny of tax-exempt organizations by the federal government, state Attorneys General and your constituencies increase and nonprofit compliance issues become more complex, you need a tax team that is thoroughly familiar with the ever-changing tax laws, tax regulations and tax rulings specific to the nonprofit sector.

Marcum's tax professionals provide associations, public charter schools, foundations, NGOs and public charities the tax education, advice and support they need to ensure they will remain exempt and able to continue their important work. With "exemption protection," Marcum helps nonprofits protect their greatest asset: their nonprofit status.

From your organization's initial application for tax-exempt status to your annual federal and state filings, Marcum's tax professionals embrace your vision, ensure compliance and provide guidance.

Our Nonprofit Tax Services include:

Tax Compliance

  • Public Charities.
  • Associations.
  • Private Foundations.
  • Pension Plans.
  • Unrelated Business Income Tax Returns.
  • State Income, Sales and Property Tax Filings.
  • E-filing.

Tax Consulting

  • Application for Exemption.
  • Communication with Internal Revenue Service.
  • Unrelated Business Income Issues.
  • Alternative Investments.
  • FIN 48 and SFS 157 Analysis and Documentation.
  • Dealing with Internal Revenue Service Examinations.
  • Private Foundation Advisory Group.

Tax Education

  • Webinars.
  • Board Trainings.
  • Organization Specific Trainings.
 

Closely-Held Businesses

Tax expertise is one thing. Finding an invaluable business advisor is another.

Marcum specializes in creative tax planning and solutions for closely-held business and their owners providing sophisticated advice on complex tax arrangements. The variables of today's economic times require greater attention to details of your business and family matters. We offer the highest level of tax compliance and planning services with a personalized approach. Our tax experts bring their knowledge and experience with tax laws, their understanding of today's business climate and a genuine interest in helping clients succeed and grow.

As trusted tax and business advisors, Marcum manages the multitude of professional services required by our clients to ensure that their family mission is realized and that their legacy endures; helping to develop educated and sophisticated family governance, family office best practices and thoughtful philanthropic giving strategies. We bring together the industry's best practitioners to meet the needs of your family today and also ensure the course of your family's financial future for generations to come.

Preparing our clients' tax return each year is the culmination of many thoughtful and engaging interactions that have transpired and illuminated the way forward, a fulfilling process of planning and being genuinely involved. Staying in touch and keeping our clients informed throughout the year so everything comes together like a pretty picture at the end, just the way we anticipated it would, with no surprises.

Closely-Held Businesses

Tax Compliance

  • Corporations.
  • Passthrough entities (partnerships, S corporations).
  • International.
  • State and local.
  • Individuals.
  • Trusts.
  • Estates.
  • Gift tax reporting.
  • Sales and use tax.
  • Compensation and benefits (payroll and employee benefit reporting).
  • Unclaimed property compliance and planning.

Family Office Services

Routine services include:

  • Sophisticated Individual Income Tax and Wealth Transfer Planning & Compliance.
  • Coordination of Income Tax, Charitable Giving and Wealth Transfer Strategies.
  • Counsel on Business Acquisitions and Sales.
  • Structuring of Real Estate Investments.
  • Counsel on Private Equity and Venture Capital Transactions.
  • Planning for Investments that Utilize Sophisticated Ownership Structures.
  • Integrated Services for Forward-Thinking Families.

Additional services available:

  • Family Office: Internal Controls and Operations Reviews
  • Assurance Services.
  • Structuring of Family Limited Partnerships and Trusts.
  • Tax and Financial Transaction Structuring of Private Investments in Business and Real Estate.
  • Formation of Private Foundations and Related Tax Compliance.
  • Family Meeting Planning, Mission Statements and Communications Strategies.
  • Private Equity and Venture Capital, Due Diligence and Tax and Consulting Support.

Tax Consulting and Business Advisory

Tax Planning and Structuring

  • Strategic planning.
  • Accounting methods.
  • Passthrough entity integration with partner and shareholder tax considerations.
  • Choice of entity planning.
  • Merger and acquisition.
  • Tax credit planning.

Real Estate

  • Transaction planning and projections.
  • Acquisitions and dispositions.
  • Equity abd debt structuring.
  • Financing options and analyses.
  • Financial forecasts.
  • Deferred exchanges.
  • Depreciation methods and cost segregation analyses.

International Tax

  • US entity classification of foreign companies.
  • US reporting for foreign subsidiaries.
  • Transfer pricing considerations.

Individual Tax Planning

  • Sophisticated individual income tax planning and projections.
  • Business succession planning.
  • Wealth transfer planning.
  • Structuring of family limited partnerships and trusts.

State and Local Tax

  • Nexus consulting.
  • Credits and incentives.

Sales and Use Tax

  • Voluntary disclosure and registration.

FAS 109/FIN 48 Consulting

Representation before IRS, State, Local and Other Agencies

 

Individuals & Families

Individuals & Families

The relationship we seek with our private clients is aimed at understanding their very essence; who they are, what's best for them and important to their lives and their futures.

As trusted advisors and providers of tax, investment and consulting services to high-net worth individuals and families, we are not merely technically competent, experienced practice professionals but partners in the business of life, strategic thinking and family mission. Our mission is to help our clients achieve their goals and their dreams.

For us it's all about the relationship. With a focus on the business founder and his/her family, we want our clients to feel comfortable to ask us about anything and really everything that impacts them from a personal financial and tax point of view, to never feel intimidated, to have a clear understanding of what they have and know where they're going and how it's going to work for them, to feel confident that we care and look out for them throughout the year.

Our role is to help our clients see their big picture – to understand how everything fits together. From the very beginning, we dig deep to do more, to explore and expand thinking, to help our clients realize opportunities and overcome challenges that maybe they hadn't considered or knew existed. It's not a checklist but an ongoing conversation. The questions we ask often result in answers that are quite different from what they came in thinking was the best thing for them.

We quarterback all the moving pieces and ensure our client has a good understanding of what's happening at all times. They rely on us for cutting edge tax expertise, educated and sophisticated family governance advice, family office best practices and thoughtful philanthropic giving strategies, and through our investment advisory services, we help them develop and implement long-term investment goals and portfolio strategies to meet financial objectives. If other advisors are involved, we make sure we're included in their meetings also to stay on top of what's going on from a tax point of view.

At Marcum, we want to be a reason our clients sleep well at night.

NONPROFIT AND SOCIAL SECTOR GROUP NEWSLETTER

Stay Informed about the Latest Developments in the Nonprofit Social Sector

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Contacts

Select the region to view contacts.

Jane Brooks Horn, Partner-in-Charge, Tax & Business, Washington, DC Metropolitan Area, Tax & Business
Partner-in-Charge, Tax & Business
Washington, DC Metropolitan Area
Tax & Business
Rockville, MD
MD

Mitra  Mamdouhi, Partner, Tax & Business
Partner
Tax & Business
Rockville, MD
MD

Frank H. Smith, National Leader, Nonprofit Tax, Tax & Business
National Leader, Nonprofit Tax
Tax & Business
Washington, DC
DC

 
 
 
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