In Michigan, a common misconception occurs when 501(c)(3) nonprofit corporations buy and sell real property. While nonprofit 501(c)(3) corporations
The American Taxpayer Relief Act of 2012 ("TRA") (H.R. 8) passed by the Senate on January 1, 2013, passed by the House of Representatives early on January
On October 20, 2011, the Center for Medicare and Medicaid Services (CMS) and the Department of Health and Human Services Office of Inspector General (OIG) released an Interim Final Rule (OIG Rule) providing fraud and abuse waivers for accountable care organizations (ACOs) that participate in the Medicare Shared Savings Program (Shared Savings Program).
This is the fifty-second in a series of installments on this blog that are discussing issues arising in the aftermath of the global Ponzi scheme perpetrated by Bernard L. Madoff (“Madoff”).
The Patient Protection and Affordable Care Act of 2010 (PPACA) provides for the creation of accountable care organizations (ACOs) to enter into a Medicare Shared Savings Program (MSSP) agreement with the Centers for Medicare & Medicaid Services.
Exempt organizations are favored under the Internal Revenue Code (Code) with the privilege of not being required to pay federal income taxes as long as the organization complies with the filing, disclosure and other requirements imposed by the Code, the Treasury Regulations and rulings from the Internal Revenue Service.
The ownership and private use limitations for qualified 501(c)(3) bonds apply to financed assets for the entire time the bonds remain outstanding (or for their entire useful lives, if earlier).
On August 19, 2008 CMS finalized additional Stark regulations (“Stark IV”), based on various proposals it first published in the 2008 Medicare Physician Fee Schedule and the 2009 Inpatient Prospective Payment System proposed rules.
The Internal Revenue Service (IRS) has recently expanded its focus regarding whether and the extent to which 501(c)(3) organizations (Qualified Not-for-Profits) that have been the beneficiaries of proceeds of tax-exempt bonds have established and followed adequate procedures to ensure compliance with tax law requirements applicable to the bonds (and the projects financed).
The Centers for Medicare and Medicaid Services (CMS) made significant proposed changes to the Stark Act in the Hospital Inpatient Prospective Payment Systems (IPPS) regulations released on April 14, 2008, and is seeking comment on several issues.