Attorneys Ralph Rodgers, Eric Hooper and Stephan Ray recently obtained the retroactive reinstatement of a local nonprofit corporation's tax exempt status as a public charity pursuant to Section of 501(c)(3) of the Internal Revenue Code. The tax exempt status of this nonprofit corporation was revoked after it failed to file required annual returns with the Internal Revenue Service for many years. Attorneys from the firm successfully argued that reasonable cause existed for these failures, and the Internal Revenue Service granted relief to the nonprofit corporation by reinstating its status as a public charity as of the date of revocation.
Rodgers and Hooper practice within the firm's Wealth and Business Planning Group. Ray practices within the firm's Commercial, Banking and Business Law Group. Members of these practice groups frequently assist nonprofit entities with issues such as formation, obtaining tax exempt status, governance and compliance with regulatory requirements.