Tax Law

Bond attorneys regularly assist our college and university clients with a wide variety of tax-exemption as well as income tax, employment tax, sales tax, real property tax, estate and gift tax and estate planning matters. Our tax services include tax planning and compliance work as well as representation of clients before the Internal Revenue Service, the New York and Florida State Tax Departments and local property tax jurisdictions.

Our recent college and university tax work involved:

• Compliance with not-for-profit and tax-exemption requirements under Federal and State tax laws and State real property tax-exemption laws;
• Unrelated business income tax matters, including issues relating to internet sales, affinity credit cards, bookstore sales, sponsorship acknowledgements, royalties, and many other activities relevant to the unrelated business income tax;
• Private inurement and intermediate sanction issues;
• Joint ventures with for-profit entities;
• Structuring ancillary activities using subsidiaries and other affiliates, including single member limited liability companies;
• Qualified tuition programs under Internal Revenue Code Section 529;
• Scholarship and remitted tuition issues;
• Employment tax and income tax withholding requirements for non-resident alien and other employees;
• Sales tax issues, including sales tax on transactions involving affiliated entities;
• Structuring charitable gifts and bequests under the tax law;
• Tax and financial issues relating to endowments and the return on them; and
• Real property tax exemption matters, including issues relating to potential non-exempt use of college and university property, and real property valuation and assessment controversies.