Every American has benefited, at many points in their lives, from nonprofit charities and foundations. Education, art, science, housing, and basic human services are just some of the needs that charities and foundations help satisfy.
Various tax exemptions can, with proper planning, promote these worthy causes. Charities and foundations initially must apply to the IRS for tax-exempt status. To maintain that status, tax laws specify special requirements for operations and executive compensation.
Individuals can support these charities and foundations by donations of cash or property, either directly or through special trusts.
A tax planner, by helping donors align their charitable intent with available tax benefits, and by guiding and sustaining charities and foundations, can truly serve our community and our country.
The Wexler Law Group assists clients with Federal Tax Planning, State Tax Planning, Charitable Planning, Estate Planning, and Nonprofit Organizations in San Diego, California as well as in: Del Mar, Carmel Valley, Solana Beach, La Jolla, Rancho Bernardo, Poway, Escondido, Encinitas, Carmel Mountain, Rancho Santa Fe, and Scripps Ranch, all in San Diego County.