Marcum can manage the administrative and back office functions necessary to operate a private foundation, allowing more time and effort to be focused on furthering the organization's charitable mission.
Scope of Services
Philanthropy Planning Services
- Charitable strategies using donor advised funds, charitable remainder trust, charitable lead trusts and private foundations.
- Sophisticated gifting and estate planning strategies.
- Coordinate with charitable organizations to structure special gifts such as university chairs, fellowships, trusts and annuities.
- Engaging heirs in philanthropic endeavors.
Private Foundation Services
- Prepare and file the application for recognition of exemption.
- Preparation of foundation tax returns,including unrelated business income tax returns, if applicable.
- Preparation and filing of quarterly excise taxes.
- Perform full charge bookkeeping, financial statement preparation and accounting services.
- Management of charitable activities including charitable grant making; compliance of 5% distribution requirement and expenditure responsibility.
- Oversee public disclosure compliance and governance.
- Authentify and oversee full compliance with regard to prohibited transactions such as self dealing, jeopardizing transactions or excess business holdings.
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June 04, 2018
Tax Reform
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March 13, 2018
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February 27, 2018
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February 23, 2018
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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.
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February 21, 2018
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February 16, 2018
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February 15, 2018
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February 13, 2018
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February 12, 2018
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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.
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February 09, 2018
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CNBC quoted Tax Principal Michael D’Addio in an article about adjusting paycheck withholdings to comply with the new tax rates for individuals.
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February 05, 2018
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January 30, 2018
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January 30, 2018
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Long Island Business News reported on the Marcum tax panel the publication’s editor is co-moderating with Melville Office Managing Partner Carolyn Mazzenga.
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January 30, 2018
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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.
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January 29, 2018
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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.
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January 29, 2018
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January 24, 2018
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Associated Press quoted Tax Principal Michael D’Addio in an article about how small businesses are capitalizing on the new tax law.
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January 19, 2018
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