The Senate voted yesterday to begin formal negotiations with the House of Representatives to reconcile their two versions of the Tax Cuts and Jobs Act, a bill that seeks to make sweeping changes to federal tax law....more
12/8/2017
/ Business Taxes ,
Charitable Donations ,
Colleges ,
Corporate Taxes ,
Executive Compensation ,
Fringe Benefits ,
Healthcare Facilities ,
Hospitals ,
Income Taxes ,
Legislative Agendas ,
Private Foundations ,
Proposed Legislation ,
Tax Exemptions ,
Tax Rates ,
Tax Reform ,
Tax-Exempt Bonds ,
Trump Administration ,
Tuition ,
Universities
Update. We described in a previous blog post major changes that tax-exempt hospitals and other tax-exempt organizations in the healthcare industry face in the tax reform proposals working their way through Congress. In the...more
12/6/2017
/ 501(c)(3) ,
Affordable Care Act ,
Bonds ,
Charitable Donations ,
Excise Tax ,
Executive Compensation ,
Hospitals ,
Individual Mandate ,
Non-Profit Hospitals ,
Political Contributions ,
Proposed Legislation ,
Tax Exempt Entities ,
Tax Reform ,
Trump Administration ,
UBIT
As federal tax reform efforts proceed rapidly in both chambers of Congress, tax-exempt hospitals and other tax-exempt healthcare organizations are facing major potential changes. New tax burdens on tax-exempt organizations...more
11/15/2017
/ 501(c)(3) ,
Charitable Donations ,
Compensation & Benefits ,
Executive Compensation ,
Health Care Providers ,
Hospitals ,
Legislative Agendas ,
Proposed Legislation ,
Tax Deductions ,
Tax Exempt Entities ,
Tax Rates ,
Tax Reform ,
Tax-Exempt Bonds ,
Trump Administration ,
UBIT
The IRS recently released a ruling, Private Letter Ruling (“PLR”) 201615022, denying Section 501(c)(3) tax-exempt status to a “commercial” accountable care organization (“ACO”). This is the IRS’ first published guidance...more
On July 1, 2014, the New York Nonprofit Revitalization Act (the “Act”) took effect. The Act is the most significant modification of New York’s Not-for-Profit Corporation Law (the “NPCL”) in approximately 40 years.
New...more