IRS Releases 2016 Form 990, Schedule H

The Internal Revenue Service (“IRS”) recently released the 2016 version of Form 990, Schedule H, Hospitals.  The 2016 version includes significant changes with respect to community […]
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A Primer on Transfer Pricing

Transfer pricing continues to be a hot issue for multi-national companies, as well as domestic entities with transactions between related parties, including for-profit and not-for-profit entities.
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Report Addresses Improving Hospital Community Benefit Spending

On December 1, 2015 George Washington University’s Milken Institute School of Public Health released a report, Improving Community Health through Hospital Community Benefit Spending: Charting a Path to Reform (“Report”). The purpose of the Report is to discuss community benefit reporting by tax-exempt hospitals in conjunction with Internal Revenue Service (“IRS”) rules and regulations and the broader policy goals and implications.
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FASB Simplifies Goodwill Impairment Test

The Financial Accounting Standards Board has recently issued guidance to simplify the accounting for goodwill impairment with ASU 2017-04.  Under the new guidance, an entity should […]
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Report Highlights Changes In State Medicaid Programs

The Kaiser Family Foundation issued a report entitled “Results from a 50-state Medicaid Budget Survey for State Fiscal Years 2016 and 2017” (“Report”). As noted in […]
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Surgical Center Interest Was Separate from Surgeon’s Practice

The Tax Court ruled, on January 17, 2017 in Tax Court Memo 2017-16, in favor of a surgeon who operated his professional medical practice (“Practice”) as […]
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New Information Document Request Process Announced

On November 21, 2016, the Commissioner of the Internal Revenue Service’s (“IRS”) Tax Exempt and Government Entities Division (“TE/GE”), Sunita B. Lough, issued internal guidance for […]
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Senator Grassley Awaits IRS Updates on Nonprofit Hospital Reforms

Senator Charles E. Grassley (R-Iowa) has been active in politics for over 50 years, having served in elected office continuously since 1959. Grassley served in the Iowa […]
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MACRA: Physician Update

The final rule for implementing payment changes to the Medicare Access & CHIP Reauthorization Act (MACRA) was released by the Center for Medicare and Medicaid Services […]
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FQHC’s: Do I Need A Needs Assessment?

Federally Qualified Health Centers (“FQHC”) and Community Health Centers (“CHC”) (hereafter collectively referred to as “the Centers”) are safety net providers that serve the most vulnerable […]
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