The IRS is underway with conducting audits of 35 §501(c)(3) hospitals, which it announced in June 2024, with a particular focus on “community benefit.” Targeted hospitals appear to be those who reported low community benefit...more
On April 23, 2024, the Federal Trade Commission (“FTC”) issued its Final Rule banning employers from imposing post-employment noncompete requirements on their workers (the “Final Rule”). The FTC has indicated that it will...more
5/1/2024
/ Competition ,
Employer Liability Issues ,
Employment Contract ,
Federal Trade Commission (FTC) ,
Final Rules ,
FTC Act ,
Healthcare ,
Healthcare Workers ,
Labor Reform ,
Non-Compete Agreements ,
Restrictive Covenants ,
Tax Exempt Entities
Tax-exempt employers have a special opportunity to fix compliance concerns with their 403(b) retirement plans. They have through March 31, 2020 – the “Remedial Amendment Period” (RAP) – to retroactively self-correct...more
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