IRS Targeting 3,377 Hospitals for Community Benefit Review
At a recent conference of the American Health Lawyers Association, IRS official Garrett Gluth confirmed that his agency will review the community benefit activities of 3,377 tax-exempt hospitals to...
View ArticleTreasury And IRS Issue Final And Temporary Type III Supporting Organization...
On December 21, 2012, the Department of Treasury and Internal Revenue Service issued final and temporary regulations regarding the requirements to qualify as a Type III supporting organization, which...
View ArticleAmerican Taxpayer Relief Act Of 2012 - The Effects On Charitable Giving
In This Issue: - Major Tax Provisions Relating to Charitable Organizations - Other Law Changes Affecting Charitable Contributions - Excerpt from Major Tax Provisions Relating to Charitable...
View ArticleIRS Probes Organizations That Self-Declare Tax-Exempt Status
On March 21, Lois Lerner, the Director of the Exempt Organizations Division of the Internal Revenue Service, announced an IRS investigation of organizations that self-declare rather than apply to the...
View ArticleIRS Releases College And University Compliance Project Final Report –...
On April 25, 2013, the IRS released its College and University Compliance Project Final Report, which updates the interim report issued in 2010....By: Virginia C. Gross
View ArticleIRS Provides Updated Guidance And Transition Rules On Community Health Needs...
In This Issue: - What You Need to Know: ..Background ..Key Provisions of the Proposed Regulations ..Identifying the Hospital Facility ..Defining the Community Served ..Assessing Community Health Needs...
View ArticleIRS And Treasury Releases 2013-2014 Priority Guidance Plan
The Department of the Treasury and the IRS, on August 9, issued their 2013-2014 Priority Guidance Plan. This plan entails 324 tax law projects that are priorities for the allocation of the government's...
View ArticleIRS Issues Proposed Regulations Regarding Section 501(c)(4) Organizations
In This Issue: - Proposed Regulations - Comments Solicited - What You Should Do Now - For More Information - Excerpt from Proposed Regulations: The proposed regulations are designed to reduce the need...
View ArticleUpdated Procedures For Reinstating Tax-Exempt Status: IRS Issues Revenue...
In This Issue: - What You Need to Know - Methods to Reinstate Tax-Exempt Status Smaller Organizations Applying Within 15 Months of Revocation Date - Organizations Not Eligible for the Streamlined...
View ArticleIRS Issues Guidance For Tax-Exempt Hospitals Under Section 501(R)
In This Issue: - What You Need to Know - Background ..Notice 2014-2 ..Notice 2014-3 - Correction of a Failure ..Proper Disclosure of Failure ..What You Should Do Now - Excerpt from Background: Section...
View ArticleHospital's Lab Testing for Non-Patients Held to be Related Activity
On July 11, 2014, the IRS released a Technical Advice Memorandum ("TAM") finding that a tax-exempt hospital's income from the performance of laboratory services for non-patients was not subject to the...
View ArticleIRS Issues Long-Awaited Final Regulations for Charitable Hospitals
In This Issue: - What You Should Do - Background - Final Regulations - Hospital Facilities and Organizations - Failures to Satisfy the Requirements of Section 501(r) - Community Health Needs...
View ArticleIRS’s New, Optional Donor Form Causes Confusion
On September 16, 2015, the Internal Revenue Service (IRS) issued proposed regulations to provide an alternative method for substantiating charitable contribution deductions. In connection with these...
View ArticleTax Bill Causes Alarm for Some Charities and Tax-Exempt Organizations
The Tax Cuts and Jobs Act, which has been renamed the Amendment of 1986 Code, was signed into law by President Trump on December 22, 2017. Many are calling it the most sweeping overhaul to the United...
View ArticleIRS Releases Interim Guidance for Exempt Organizations on New Unrelated...
The IRS and Treasury Department recently released new guidance for calculating the tax on unrelated business income (“UBI”) activities of tax-exempt organizations with more than one UBI activity. With...
View ArticleUsing Endowed Funds in a Crisis: Key Considerations
It goes without saying that we are living in uncertain times and are experiencing events that are reshaping our lives in ways that many of us believed only to exist in science fiction books and movies....
View Article
