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Results: 1-10 of 38

Ohio Supreme Court rebuffs effort to narrow charitable use property exemption

  • Bricker & Eckler LLP
  • -
  • USA
  • -
  • August 28 2007

Recently, the tax exemptions enjoyed by many non-profit organizations, particularly those in the health care industry, have been under increasingly close scrutiny

Reporting of health insurance coverage - Section 6055 of the Internal Revenue Code as added by Section 1502 of the Patient Protection and Affordable Care Act

  • Bricker & Eckler LLP
  • -
  • USA
  • -
  • June 14 2010

Every person who provides minimum essential coverage to an individual during a calendar year is required to make a return that contains:

Charitable practices of university-affiliated hospitals questioned

  • Bricker & Eckler LLP
  • -
  • USA
  • -
  • September 30 2008

Sen. Charles Grassley (R-Iowa), concerned with organizations’ abuse of tax-exempt status, on September 2 questioned the practices of two exempt hospitals after reading published reports that one required a critically ill patient to come up with exorbitant amounts of cash up front and that the other may be “culling” the least profitable patients from its emergency room

CRS examines exempt hospitals’ compliance with fulfilling set goals and filing requirements

  • Bricker & Eckler LLP
  • -
  • USA
  • -
  • September 30 2008

A Congressional Research Service report issued August 6 examined recent IRS and congressional measures to determine whether nonprofit hospitals are fulfilling the requirements to qualify for taxexempt status and whether they are properly filing documentation on their activities

Broad latitude in nonprofit hospitals’ determination of community benefit

  • Bricker & Eckler LLP
  • -
  • USA
  • -
  • November 4 2008

According to a Government Accountability Office report, Nonprofit Hospitals: Variation in Standards and Guidance Limits Comparison of How Hospitals Meet Community Benefit Requirements (GAO-08-880), released October 14, the IRS’s community benefit standard gives nonprofit hospitals broad latitude to determine what services and activities they provide to meet the agency’s community benefit standard, while state requirements still vary substantially

Form 990 to undergo further changes

  • Bricker & Eckler LLP
  • -
  • USA
  • -
  • October 31 2007

A number of changes will be incorporated into the Internal Revenue Service’s new draft Form 990 for tax exempt organizations, as a result of comments received from hundreds of organizations

Tax-exempt hospitals study finds variance in provision of charity care

  • Bricker & Eckler LLP
  • -
  • USA
  • -
  • January 29 2009

In a January 12 speech, Steven Miller, IRS tax-exempt and government entities commissioner, stated that the IRS study on tax-exempt hospitals, which soon will be released shows that there is great variance in the amount of charity and other uncompensated care which hospitals provide

Ohio Supreme Court denies tax exemption for northeast psychiatric institute

  • Bricker & Eckler LLP
  • -
  • USA
  • -
  • February 26 2009

The Ohio Supreme Court ruled last week that a Summit County corporation that qualifies as a nonprofit under federal tax law does not qualify for a state real estate tax exemption for part of its building leased to a charitable group

FICA tax: is it necessary to pay FICA taxes for summer employees?

  • Bricker & Eckler LLP
  • -
  • USA
  • -
  • June 6 2008

The Federal Insurance Contributions Act (“FICA”) provides for a tax on wages which consists of two parts: Old Age and Survivors Disability Insurance (“Social Security”) and Hospital Insurance (“Medicare”

IRS report on tax-exempt hospital community benefit and executive compensation to affect rules on salaries

  • Bricker & Eckler LLP
  • -
  • USA
  • -
  • February 26 2009

The IRS has released the results of a two-year study on average executive compensation amounts at tax-exempt hospitals, reporting an average of $1