Impact of OBBBA and Recent Legislation on NPOs: Funding Cuts, Deductible Contribution Limits, New Scholarship Credit

Mr. Buchholz has more than 15 years of experience in public accounting, including with a “Big Four” accounting firm. He is responsible for the development of the audit approach, supervision of staff as well as the establishment and maintenance of the engagement budget. Mr. Buchholz is responsible for managing the audit so that it is performed on a timely basis with as little intrusion to client operations as possible. His expertise is in single audits and internal control/compliance audits. Mr. Buchholz's industry experience is in healthcare and not-for-profit entities. He is also an adjunct professor at Brooklyn College of the City University of New York in the Department of Accounting where he teaches undergraduate and graduate courses in accounting and auditing. Mr. Buchholz also teaches at the School of Professional Studies and Lehman College of the City University of New York.

Mr. Wise focuses his practice on advising public charities, private and community foundations, trade associations, international development associations and many other tax-exempt organizations in their pursuit of charitable and social goals. Working with boards of directors and management, he counsels organizations on planning, structuring, governance, investigations, tax compliance and transactional matters. Mr. Wise joined BakerHostetler from the Internal Revenue Service, where he drafted various public and private guidance regarding public and private charities, state and local governments, charitable trusts and estates. He also conducted taxpayer conferences for private letter ruling submissions and provided field support for tax litigation and determination letters.