Richard S. Caputo of Fox Rothschild LLP Presents “ABC’s of Tax Exempt Organizations”

February 22, 2011 – Press Releases

Richard S. Caputo, partner and chair of the Nonprofit Organizations Practice in the law firm of Fox Rothschild LLP, presented on “The ABC’s of Tax Exempt Organizations” at the Lancaster Bar Association on Feb. 3.

Caputo provided an overview of tax-exempt organizations and discussed the differences between public charities, private foundations and supporting organizations. He then held a question and answer session where he responded to questions regarding private benefit, private inurement, unrelated trade or business income tax, taxable expenditure responsibility and excess business holdings.

Caputo focuses his practice on tax-exempt organizations, trust administration, Orphans’ Court litigation and estate planning. He forms public charities, private foundations and supporting organizations; addresses tax-exempt compliance issues such as self-dealing, taxable expenditure responsibility, excess business holdings and intermediate sanctions; assists corporate fiduciaries in obtaining tax-exempt status for their charitable trusts; and represents corporate fiduciaries in Orphans’ Court proceedings.

Caputo is experienced in preparing Form 1023 applications, Petitions for Adjudications, Petitions to Terminate, Petitions to Reform, Cy Pres Petitions, Guardianship Petitions and Non-Judicial Settlement Agreements, structuring compensation arrangements and preparing estate planning documents.

A regular speaker on topics concerning charitable trust administration and philanthropy, Caputo regularly presents to tax-exempt clients and corporate fiduciaries and has spoken for the Berks County Estate Planning Council, Chester County Estate Planning Council, Montgomery County Estate Planning Council, Philadelphia Estate Planning Council, the Committee of Banking Institutions on Taxation, the Fiduciary Education Foundation, the PBA Wealth Management & Trust Conference and the Pennsylvania Bar Institute.

Caputo is a member of the American Bar Association and its Tax-Exempt Organizations Committee, the Pennsylvania Bar Association and the Berks County Bar Association. A resident of Berks County, he also serves on the advisory board of The Pennsylvania State University Berks Campus and is the president and a director of The Berks County Chapter of the Pennsylvania State University Alumni Association.

Caputo received his LL.M. in Taxation from Villanova University School of Law in 2001, his J.D. from The Dickinson School of Law in 1997 and his B.S. from The Pennsylvania State University in 1994.

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