Christopher C. Scarpa, a partner in the firm's Tax Practice Group presented, “The Life Cycle of a Charity,” during the Main Line Chamber of Commerce’s Nonprofit Roundtable.
Mr. Scarpa discussed topics including:
• formation
• applying to the IRS for tax-exempt status
• state charitable solicitation laws
• state sales tax exemption
• annual filings
• acts that can jeopardize tax-exemption
• charitable contributions- the basics
• games of chance under state law
• material changes in exempt purposes or the organization - federal tax requirements and state law requirements
• dissolution