Articles and Blogs

Tax

Employee Benefit Provisions in the House Tax Reform Bill

[11/07/17]

Posted on November 7, 2017 in HR Insights for Health Care

Published by: Hall Render

On Thursday, November 2, 2017, Republicans in the House of Representatives released the text and summary of H.R.1, their promised tax reform bill. The short title of the bill is the “Tax Cuts and Jobs Act.” It is the first substantive shot fired in the tax reform war that the Republican leadership intends to wage... READ MORE

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Hall Render Launches 501(r) Compliance Page

[02/02/15]

Posted on February 2, 2015 in Health Law News

Published by: Hall Render

Code Section 501(r) created a seismic shift in the tax exemption criteria for hospitals. Now that the IRS has unveiled the Final Regulations in this area of law, 501(r) compliance needs to become a focal point for tax-exempt hospitals, which must move swiftly to comply with the new requirements. As part of Hall Render’s... READ MORE

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501(r) Compliance: Noteworthy Final Regulations Takeaways – Part Two

[01/16/15]

Posted on January 16, 2015 in Health Law News

Published by: Hall Render

This article is Part Two in a series discussing ten of the most noteworthy pronouncements from the Final Regulations regarding Code Section 501(r). Part One is available here.  In this second part of the series, Hall Render addresses five areas of significant developments pertaining to the requirements for the financial assistance policy (“FAP”), limitations... READ MORE

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501(r) Compliance: Noteworthy Final Regulations Takeaways – Part One

[01/13/15]

Posted on January 13, 2015 in Health Law News

Published by: Hall Render

Through the recently released Final Regulations, the IRS and Treasury Department have provided a road map for tax-exempt hospitals as they move toward full compliance with Code Section 501(r). As Hall Render previously reported, these Final Regulations track the prior guidance in many respects, but they also make numerous significant changes that hospital organizations... READ MORE

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501(r) Compliance – What You Need to Know Today

[01/09/15]

Posted on January 9, 2015 in Health Law News

Published by: Hall Render

As Hall Render previously reported, the IRS released the long awaited Code Section 501(r) final regulations on December 29, 2014.  The significance of Code Section 501(r) and these final regulations for tax-exempt hospital organizations cannot be overstated as they represent the biggest change to the tax exemption criteria for hospitals since the IRS announced... READ MORE

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IRS Releases Final Regulations on Code Section 501(r) Applicable to Tax-Exempt Hospital Organizations

[12/30/14]

Posted on December 30, 2014 in Health Law News

Published by: Hall Render

On December 29, the IRS released the long awaited final regulations under Code Section 501(r) applicable to hospital organizations exempt from tax under Code Section 501(c)(3). The final regulations indicate that they apply to tax years that begin after December 29, 2015, which will give all tax-exempt hospital organizations at least one year to come... READ MORE

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The Top 5 Regulatory Issues Affecting Hospital Leasing Arrangements

[10/03/14]

Posted on October 3, 2014 in Health Law News

Published by: Hall Render

Over the past decade, hospitals have become increasingly regulated. In response, most hospitals have elected to implement corporate compliance programs. While these programs serve an important purpose, most fail to specifically address an area that is highly regulated – the leasing of hospital real estate. Managing hospital leasing arrangements can be extremely tedious work... READ MORE

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Independent Contractor or Employee? IRS Gives Employers Something to Consider

[04/30/13]

Posted on April 30, 2013 in HR Insights for Health Care

Written by: Calvin R. Chambers

For the past several years, the Internal Revenue Service (“IRS”) has been devoting considerable attention to worker classification issues involving the misclassification of employees as independent contractors.  These misclassifications are important to the IRS and the federal government because they often lead to underreporting and underpayment of taxes.  Traditionally, the IRS has sought to... READ MORE

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IRS Releases New Required Form for TEB VCAP Submissions

[03/11/13]

Posted on March 11, 2013 in Health Law News

Published by: Hall Render

On Friday, March 8, 2013, the Internal Revenue Service (“IRS”) released Form 14429, Tax Exempt Bonds Voluntary Closing Agreement Program Request. The new form is required for a Tax Exempt Bonds Voluntary Closing Agreement Program (“VCAP”) submission request. VCAP provides remedies for issuers of tax-advantaged bonds (e.g., 501(c)(3) tax-exempt bonds) who voluntarily come forward... READ MORE

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