On June 26, 2015, the Internal Revenue Service (IRS) released Notice 2015-46, which clarifies the requirement in the Treasury Regulations under Section 501(r)(4) that a hospital's financial assistance policy (FAP) must...more
In This Issue:
- What You Should Do
- Background
- Final Regulations
- Hospital Facilities and Organizations
- Failures to Satisfy the Requirements of Section 501(r)
- Community...more
On August 26, 2014, the IRS and the Department of the Treasury issued the 2014-2015 Priority Guidance Plan. The Priority Guidance Plan includes 18 exempt organization law projects and four projects relating to charitable...more
On July 11, 2014, the IRS released a Technical Advice Memorandum ("TAM") finding that a tax-exempt hospital's income from the performance of laboratory services for non-patients was not subject to the unrelated business...more
In This Issue:
- What You Need to Know
- Background
..Notice 2014-2
..Notice 2014-3
- Correction of a Failure
..Proper Disclosure of Failure
..What You Should Do Now
- Excerpt from...more
In This Issue:
- What You Need to Know
- Methods to Reinstate Tax-Exempt Status Smaller Organizations Applying Within 15 Months of Revocation Date
- Organizations Not Eligible for the Streamlined Process Applying...more
In This Issue:
- Proposed Regulations
- Comments Solicited
- What You Should Do Now
- For More Information
- Excerpt from Proposed Regulations:
The proposed regulations are designed to reduce...more
The Department of the Treasury and the IRS, on August 9, issued their 2013-2014 Priority Guidance Plan. This plan entails 324 tax law projects that are priorities for the allocation of the government's tax law administrative...more