Posted by Jason Greis on October 13, 2010 under Articles |
Thunder rolled down from Capitol Hill last week when Sen. Charles Grassley (R–Iowa) claimed that certain hospital systems and associations were misapplying the intent of Section 501(r)(5)(B) that prohibits the use of gross charges under the Patient Protection and Affordable Care Act. In their comments to the IRS regarding implementing regulations, the American Hospital Association (AHA) urged the IRS to apply a “gross charges” basis to charge those who do not qualify for financial assistance, and to use it as a starting place for calculating assistance to those who do. Read More...
Tags: 501(c)(3), charity care, grassley, greisguide, greisguidetoltachs, hospital, jason greis, ltac, LTACH, LTCH, mcguirewoods, milton cerny, Patient Protection and Affordable Care Act, ppaca, tax exempt
Posted by Jason Greis on October 5, 2009 under Articles |
The Senate Finance Committee has completed its mark-up of the America’s Healthy Future Act of 2009 (the “Act”). The Act currently contains certain provisions that will affect some tax-exempt organizations, but there is no way to determine whether any of these provisions will be included in final legislation enacted by Congress. Read More...
Tags: America's Healthy Future Act of 2009, charity care, executive compensation, governance, greisguide, greisguidetoltachs, hospital, irs, itemized deduction, kelly hellmuth, ltac, LTACH, LTCH, mcguirewoods, michele mckinnon, rebuttable presumption
Posted by Jason Greis on December 29, 2008 under Articles |
Three of my colleagues recently wrote the below Client Update. Non-profit LTACHs should closely monitor the ongoing legislative efforts of the Senate Finance Committee and its lead advocate of establishing quantitative charity care and community benefit standards, Senator Charles Grassley. Non-profit LTACHs should also be congnizant of ongoing state and IRS activities to update financial reporting requirements for not-profit hospitals. Read More...
Tags: 501(c)(3), 56-185, charity care, grassley, greisguide, GreisGuide to LTACHs, hospital, irs, ltac, LTACH, LTCH, standard, tax exempt, Tax-Exempt Hospitals: Discussion Draft