The Law Offices of Marc J. Lane, P.C.Attorneys in Firm – 6
Tim Fitzgerald is a Principal Attorney with The Law Offices of Marc J. Lane and a member of its corporate and business law practice group. He counsels individuals and businesses on corporate, taxation, and estate planning legal matters, and provides advice in connection with the formation, ownership, operation, sale or dissolution of such businesses. He has significant practical experience representing social entrepreneurs, not-for-profit organizations, foundations, and charitable, educational and other tax-exempt entities. He advises on: The appropriate organizational structure for social enterprise businesses and the optimal use of emerging legal forms available (L3C, Benefit Corporation, Benefit LLC, etc.); The creation of tax-exempt organizations and applications for federal and state tax exemption; Maintaining tax-exempt and public charity status; Compliance with tax laws for tax-exempt organizations and unrelated business taxable income implications; Excess benefit transactions and private foundation excise tax laws; Program-related investments; Not-for-profit organization standards and procedures; Director and officer responsibilities and liabilities; and Drafting and reviewing corporate governance documents and operational agreements. Tim also represents business organizations: In matters before the Internal Revenue Service, IRS Appeals, and state tax authorities; Under audit or seeking rulings from the IRS or other governmental agencies; With the preparation and filing tax returns (including Forms 990, 990PF, 990T, 1040, 1065, and 1120); and In negotiating settlements, offers in compromise, and installment agreements. He is a Certified Public Accountant (CPA) with several years of practical experience working in public accounting on matters pertaining to not-for-profit organizations. He is a member of the American Bar Association, Illinois Bar Association, Chicago Bar Association, the Illinois CPA Society, and Social Enterprise Alliance. Tim is a Chick Evans Scholarship award recipient and earned his bachelors degree from Marquette University with a major in Accounting (B.S., 1999) and his law degree from DePaul University College of Law with a Certificate in Taxation (J.D., 2007).
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