News & Analysis as of September 21, 2024

Hospitals

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Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect income taxes based on a progressive scheme, while others may utilize a proportional or regressive framework. less -

Hospitals and Community Benefit: Senators See a Shortfall

Rivkin Radler LLP on 10/27/2023

For many weeks, we’ve been hearing about the IRS’s plans to use the funding provided under the Inflation Reduction Act[i] to increase and expand its compliance and enforcement efforts with respect to the wealthy, high-income...more

IRS Publishes Guidance on Taxation of CARES Act Provider Relief Fund Payments

King & Spalding on 7/24/2020

The IRS announced, through its FAQ page, that for-profit healthcare providers, including hospitals and physician practices, will have to pay federal income taxes on any distributions they receive from the Public Health and...more

IRS Provides Updated Guidance on Provider Relief Funds

Jackson Walker on 7/23/2020

Last week, the IRS clarified in a Frequently Asked Questions memo that for-profit healthcare providers who received grants through the COVID-19 Provider Relief Fund must include said payments as part of their gross income...more

South Carolina Tax Litigation Update: First Quarter 2018

Burr & Forman on 5/3/2018

There were several notable state tax opinions issued by the South Carolina Administrative Law Court, Court of Appeals, and Supreme Court in the 1st quarter of 2018. A number of tax cases are also pending before the Court of...more

Hospital's Lab Testing for Non-Patients Held to be Related Activity

Polsinelli on 9/8/2014

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

IRS Issues Proposed Regulations for Section 501(c)(3) Tax-Exempt Hospitals Regarding the Community Health Needs Assessment...

Epstein Becker & Green on 4/15/2013

On April 5, 2013, the Internal Revenue Service ("IRS") published proposed regulations ("Proposed Regulations") providing guidance regarding certain aspects of Section 501(r) of the Internal Revenue Code ("Code"), which...more

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