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IRS issues proposed regulations on community health needs assessments

Drinker Biddle & Reath LLP
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USA
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April 8 2013

On April 5th, the IRS officially released proposed regulations providing tax-exempt hospitals new guidance on meeting the community health needs

Implementing Section 501(R)'s financial assistance, limitation on charges, and billing and collections requirements

Drinker Biddle & Reath LLP
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USA
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November 7 2012

After 40 years without major change, hospitals recognized (or seeking recognition) as charitable organizations described in Section 501(c)(3) of the Internal Revenue Code (the “Code”) became subject to a host of additional requirements when Section 501(r) was added to the Code by 2010’s Patient Protection and Affordable Care Act

Illinois legislature clarifies requirements for non-profit hospital property tax exemption, increases charity care requirements

Drinker Biddle & Reath LLP
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USA
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June 5 2012

In response to the uncertainty created by the Illinois Supreme Court’s decision in Provena Covenant Medical Center v. Dept. of Revenue, on May 29th the Illinois Senate passed Senate Bill 2194 (SB 2194), previously passed by the House, which includes new standards for property tax exemption and sales and use tax exemption for non-profit hospitals, as well as an income tax credit for taxable hospitals

Denial of property tax exemption for Illinois hospital affirmed by Illinois Supreme Court

Drinker Biddle & Reath LLP
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USA
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March 26 2010

On March 18, 2010, the Illinois Supreme Court (Court), in the case of Provena Covenant Medical Center v. Department of Revenue, ruled that Provena Covenant Medical Center (PCMC) did not provide enough free care to qualify for a charitable property tax exemption

Tax-exempt hospitals face new requirements under health reform

Drinker Biddle & Reath LLP
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USA
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March 20 2010

While much of the country continues to digest the implications of comprehensive health care reform, as adopted in the Patient Protection and Affordable Care Act (H.R. 3950) and the Health Care and Education Reconciliation Act of 2010 (H.R. 4872), tax-exempt hospitals are realizing that they now face a number of new requirements, violations of which could result in significant economic costs andor loss of tax-exempt status

IRS concedes on certain FICA refund claims for medical residents

Drinker Biddle & Reath LLP
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USA
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March 16 2010

The IRS has thrown in the towel with respect to pre-April 1, 2005, medical resident FICA claims based on the so-called "student exception."

Current Search

Jurisdiction - USA
Workarea - Healthcare
Workarea - Corporate Tax
Firm Name - Drinker Biddle & Reath LLP
Author - T.J. Sullivan