Effective July 1, 2024, a revolutionary new law will protect Tennessee artists and musicians from unethical uses of Artificial Intelligence (“AI”). The unprecedented Ensuring Likeness Voice and Image Security (“ELVIS”) Act...more
Originally published in Healthcare Michigan, Volume 41, No. 5 - My prior article addressed tax issues in repurchasing equity in physicians and other practice groups. This article provides information about drafting buy-sell...more
Originally published in Healthcare Michigan, Volume 40, No. 12 - Successful negotiation of physician employment agreements requires a careful balance of the objectives of the prospective employer with those of the...more
Join us for an exclusive webinar, "The Ins, Outs and No-Nos in Negotiating Physician Employment Agreements." Designed for officers of physician and other practice groups, their advisors, accountants, and potential...more
Adverse tax issues can arise for physicians and other professional practice groups interested in issuing equity to attract and retain junior physicians. If equity is issued at below fair market value, the new equity owner...more
10/3/2023
/ Business Ownership ,
Business Plans ,
Buy-In Agreements ,
Buy-Out Agreements ,
Equity Investors ,
Fair Market Value ,
Healthcare ,
Membership Interest ,
Physicians ,
Repurchases ,
Tax Liability ,
Tax Planning
In prior articles in this publication, this author addressed a federal tax issue faced by practice entities- the possible attack by the Internal Revenue Service (IRS) on a common practice of incorporated medical and other...more
From new fraud and abuse rules, to telehealth and tax legislation to health care privacy and private equity in the healthcare space, a lot has changed in health law over the past year. Please join us for a two-day virtual...more
10/28/2021
/ Anti-Kickback Statute ,
Continuing Legal Education ,
Coronavirus/COVID-19 ,
Data Privacy ,
Data Security ,
Federal Taxes ,
Food and Drug Administration (FDA) ,
Fraud and Abuse ,
Health Care Providers ,
Healthcare Facilities ,
Healthcare Fraud ,
Healthcare Reform ,
Hospitals ,
Mental Health ,
New Rules ,
Non-Compete Agreements ,
Pending Legislation ,
Physicians ,
Popular ,
Private Equity ,
Proposed Legislation ,
Stark Law ,
Surprise Medical Bills ,
Tax Legislation ,
Telehealth ,
Value-Based Care ,
Webinars
Now that the results of the presidential election are in and former Vice-President Joe Biden has become President-elect Biden, it is important to remember the tax policy changes for personal income taxes announced by Mr....more
$50 MILLION IN FUNDING AVAILABLE FOR SMALL BUSINESSES IN TENNESSEE THROUGH SUPPLEMENTAL EMPLOYER RECOVERY GRANT PROGRAM - Tennessee Governor Bill Lee recently announced that the Supplemental Employer Recovery Grant ("SERG")...more
The Office of the Inspector General (“OIG”) for the Department of Health and Human Services (“HHS”) has developed a process for interested parties to obtain regulatory compliance guidance from the OIG prior to pursuing ...more
Tennessee Governor Bill Lee has announced the Tennessee Business Relief Program ("TBRP") intended to assist Tennessee businesses affected by the COVID-19 pandemic. The TBRP will oversee the distribution of approximately $200...more
As if business owners did not have enough to worry about in light of various deadlines of all types including when and whether to submit Paycheck Protection Program (“PPP”) loan applications, how to account for the use of the...more
In light of the COVID-19 pandemic, on March 30, 2020, the Secretary of the U.S. Department of Health and Human Services (the “Secretary”) released blanket waivers (the “Waivers”) under Section 1135 of the Social Security Act...more
With the 2018 deadline for filing of individual income tax returns just around the corner, taxpayers should be aware of the recent announcement by the Internal Revenue Service (IRS) of expanded relief from penalties for...more
In early August, the Internal Revenue Service (IRS) issued proposed regulations under the Tax Cuts and Jobs Act (TCJA) that provide guidance to owners of pass-through businesses as to eligibility for a federal tax deduction...more
In early August, the Internal Revenue Service (IRS) issued proposed regulations that provide guidance to owners of pass-through businesses as to eligibility for a federal tax deduction of 20% of the income generated by the...more
In an announcement that was overshadowed by the significant tax legislation enacted in December, 2017, the IRS has released updated instructions for its Form SS-4, Application for Employer Identification Number (EIN). This...more
Over the past few years, hospitals, health systems and practice management companies have increased their efforts to acquire physician practices. Moreover, physician groups are increasingly interested in selling their...more
Where is your PHI Data Traveling Today?
With most vendors offering and pushing cloud computing solutions and offsite data backup, or guaranteeing offsite backup of data they process for you, many HIPAA covered entities and...more
8/28/2017
/ Church Plans ,
Clinical Trials ,
Data Protection ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Health Care Providers ,
Health Insurance Portability and Accountability Act (HIPAA) ,
HITECH Act ,
International Data Transfers ,
Pensions ,
Personally Identifiable Information ,
PHI ,
Retirement Plan
Two recent Tax Court cases are reminders that shareholder guarantees of loans to an S corporation do not generally create basis that can be used by the shareholder to deduct losses. Under Internal Revenue Code...more
Group medical and dental practices often look to expand their practices by hiring additional professionals, typically those with less experience than the equity owners of the practice group. Invariably, both the group...more
Expansion Of Practice Autonomy Of Physician Assistants -
As part of a flurry of activity at the end of 2016, Public Act 379 was enacted by the Michigan legislature and signed by Governor Snyder. That Act amends various...more
In a recent Chief Counsel Advice (CCA 201640014, issued 9/30/2016), the Office of Chief Counsel (“OCC”) of the Internal Revenue Service found that all of a franchisee’s share of earnings from a partnership that operating...more
Physicians who are involved in the financial management of their practices are all too familiar with the year-end scramble to “zero out” the corporation’s profits. Under this technique, a physician practice that is structured...more
Restrictions on Fees Permitted under HIPAA for Copies of Medical Records -
When health care providers provide copies of medical records to an individual patient or to third parties at the direction of that individual...more
10/10/2016
/ C-Corporation ,
Corporate Bonuses ,
Dividends ,
Fees ,
Health Care Providers ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Medical Records ,
OCR ,
Physicians ,
Professional Services Companies ,
Safe Harbors ,
Shareholder Distributions ,
Tax Court ,
Year-End Tax Planning