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IRS to honor certain medical resident FICA refund claims

Proskauer Rose LLP
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USA
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March 11 2010

Since the 1990s, many academic medical centers have filed claims with the IRS seeking refunds of FICA (social security and Medicare) taxes paid on medical resident salaries on the basis that the residents are students and exempt from FICA

Health care tax credit is now available for some tax-exempt organizations

Proskauer Rose LLP
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USA
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April 7 2010

Under the recently enacted health care reform legislation, many small businesses and tax-exempt organizations are now eligible for a new federal tax credit

Illinois Supreme Court denies property tax exemption to not-for-profit hospital

Proskauer Rose LLP
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USA
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April 9 2010

On March 18, 2010, the Illinois Supreme Court denied property tax exemption to a not-for-profit hospital in the nationally watched Provena case

United States Supreme Court will hear medical resident FICA case

Proskauer Rose LLP
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USA
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June 2 2010

Many health care and medical education institutions have claims pending with the IRS for refunds of the FICA (Social Security and Medicare) tax paid on wages for employed medical residents

Details on therapeutic discovery tax credit for small employers released

Proskauer Rose LLP
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USA
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June 9 2010

The Affordable Care Act (the "Act") enacted a "qualified therapeutic discovery tax credit" for small employers

Important IRS guidance on tax treatment of health coverage for children under age 27

Proskauer Rose LLP
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USA
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April 28 2010

On April 27, 2010, the Internal Revenue Service (the "IRS") issued Notice 2010-38 (the "Notice"), which provides important guidance regarding the tax treatment of employer-provided health coverage to employees' adult children

IRS releases 2010 Schedule H and grants automatic three-month extension of time to file

Proskauer Rose LLP
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USA
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February 24 2011

As we have previously reported, the Affordable Care Act (the "Act") included additional requirements for tax-exempt hospitals to maintain their tax-exempt status; these changes are effective for tax years starting after March 23, 2010, the enactment date of the Act

Medical resident FICA -- action on individual refund claims

Proskauer Rose LLP
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USA
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August 30 2010

We have been closely following the medical resident FICA refund issue

Small employer health insurance expense tax credit official IRS guidance

Proskauer Rose LLP
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USA
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May 19 2010

On May 17, 2010, the IRS issued Notice 2010-44 (the Notice), its first official guidance interpreting Section 45R of the Internal Revenue Code, which was added by the Affordable Care Act

IRS announces how exempt organizations can claim new health care tax credit

Proskauer Rose LLP
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USA
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September 7 2010

In our April 7, 2010 blog entry on the health care tax credit, we explained that the credit was designed to encourage small employers, including exempt organizations, to offer health insurance coverage for the first time or maintain the coverage they already have

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