Professional Advisors Council Spring Speaking Event
The Impact of Tax Law Changes on Nonprofits and Charitable Donors
Join the Greater Lowell Community Foundation for its spring Professional Advisors Council with special guest speaker Steve M. Burke, Esq. of McLane Middleton, Professional Association.
Steve will discuss recent changes to the Internal Revenue Code under the Tax Cuts and Jobs Act (the Act) and the impact those changes have on nonprofit organizations, charitable donors, and the planning advice professional advisors provide to clients. The Act not only reduces tax-based incentives for charitable giving but also influences the operation of charitable organizations by, among other things, applying an excise tax to highly compensated employees, creating tax “silos” for each line of unrelated business taxable income (UBTI), and characterizing expenses for certain employee fringe benefits as UBTI.
ABOUT STEVE M. BURKE, ESQ.
For over the last 25 years, Steve Burke has devoted his practice to advising on business, governance and tax planning, transactions, business succession and sophisticated executive compensation. Also a CPA, Steve advises high net worth individuals, families, and fiduciaries on estate planning, trust administration and wealth preservation. He also serves as counsel for the trustees of significant charitable, educational, and tax-exempt institutions, offering advice on fiduciary, governance and tax matters. Also a Certified Public Accountant and a CGMA, Steve represents businesses and individuals before the IRS and New Hampshire and Massachusetts Department of Revenue and has assisted clients in obtaining administrative rulings from the IRS.
Steve was named the Best Lawyers® Corporate Law “Lawyer of the Year” in New Hampshire for 2016. Steve is a Fellow, American College of Tax Counsel, member of the New Hampshire Bar Association, Massachusetts Bar Association, United States Tax Court. Certified Public Accountant, New Hampshire, New Hampshire Bar Association (Past President Taxation Section), American Bar Association (Member Taxation Section), New Hampshire Society of Certified Public Accountants (Past President and Trustee), American Institute of Certified Public Accountants (Member of Governing Council), New Hampshire Employee Benefits Council (Past Chair). He is also a Distinguished Professor of Taxation at the University of New Hampshire School of Law.
Steve has been recognized in Woodward/White’s Best Lawyers in America since 2003 for Corporate Law and Tax Law, is recognized in Chambers USA: A Guide to America’s Leading Lawyers in the Corporate/Commercial: Tax category, holds an AV Preeminent Peer Review rating from Martindale-Hubbell, and is rated by Super Lawyers. He is also ranked in Chambers: High Net Worth Guide – Private Wealth Law section. These recognitions are a testament to the fact that his peers rank him at the highest level of professional excellence.