Tax & Business
Barbara Hasselman is a director in the Tax Exempt and Business Services group in the New York metro area office. She has more than 30 years experience with tax exempt organizations, with a particular expertise in high net worth, trust and estates and foundations.
Her experience includes tax planning from a not-for-profit organization’s inception to developing tax strategies and compliance for existing not-for-profits such as museums, theatrical non-profits and health care organizations. Ms. Hasselman’s experience developed from her time as a partial owner of her own accounting firm which was based in the Connecticut area and serviced organization in both CT and VT. Her practice specialized in tax exempt organizations, small businesses and public school audits. Additionally, a large part of the practice was required to issue their reports in accordance with the Office of Management and Budget Circular A-133 Federal requirements.
Ms. Hasselman is the director responsible for the gift tax compliance department for New York metro area offices.
Ms. Hasselman’s areas of specialization include, but not limited, to the following, plan and obtain IRS recognition of exempt status under Section 501(c)(3) of the Internal Revenue Code, contractor vs. employee situations reviews, operations reviews to test compliance in an effort to maintain an organization’s tax-exempt status, operations reviews and identification of potential private inurement or benefit to insiders and outsiders which could be used by the Internal Revenue Service to terminate exempt status, proposed transactions/operations reviews and identification of potential “excess benefit transactions” which could result in penalty excise taxes to both the disqualified person and organization managers under the new intermediate sanctions, evaluate an organization’s proposed and current fund raising activities for compliance with Internal Revenue Service and state requirements, plan and review operations or taxation of unrelated business income and handle Internal Revenue Service audits.
Professional & Civic Affiliations
- American Institute of Certified Public Accountants (AICPA)
- New York State Society of Certified Public Accountants (NYSSCPA)
- New York City Bar Association (NYCBAR)
- Department of Accounting and Taxation’s Executive Advisory Board for St. John’s University, 2013-2015
Articles, Seminars & Presentations
- Film credit as a production accountant for the documentary on Fran Lebowitz: “Public Speaking”, directed by Martin Scorsese