As we move into the final quarter of 2022, it is critical to take note of an expiring tax benefit in the Tax Cuts and Jobs Act (TCJA). Passed in 2017, it allows for 100% bonus depreciation on a wide variety of capital assets...more
On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (“IRA”) into law. While much of the legislation is geared towards climate change mitigation, clean energy, and provisions to promote health care...more
9/21/2022
/ Alternative Minimum Tax ,
Biden Administration ,
Business Losses ,
Climate Change ,
Excise Tax ,
Fair Market Value ,
Foreign Corporations ,
Healthcare ,
Inflation Reduction Act (IRA) ,
Payroll Taxes ,
Publicly-Traded Companies ,
Small Business
Across the U.S., many large, non-profit health systems, hospitals, and healthcare providers pay little, if any, property taxes. The long-held property tax exemption is under attack from revenue-hungry tax authorities. Jared...more
3/4/2022
/ Charitable Organizations ,
Health Care Providers ,
Healthcare Facilities ,
Hospitals ,
Non-Profit Hospitals ,
Physicians ,
Property Tax ,
Revocation ,
Tax Exemptions ,
Tax Planning ,
Webinars
The 2022 tax season is upon us. With what promises to be an unusual tax filing season, below are nine updates and tips to keep in mind.
1. Tax Returns are Lagging. On January 12, the National Taxpayer Advocate issued its...more
A recent trial court decision could have significant, long-term consequences for the financial models of Pennsylvania non-profit healthcare providers. Ruling that three non-profit Chester County hospitals of the Reading,...more