IRS memorandum limits joint ventures.
Based on a new memorandum, the Internal Revenue Service (IRS) will be looking at joint hospital/physician activities with greater attention to the nuances of public versus private benefit. As a result, hospitals face greater risk of losing their tax-exempt status in the maze of joint ventures, physician recruitment, and practice acquisition. To be successful, ventures will have to be backed by sound reasoning and thorough documentation.
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D003159:Community-Institutional Relations / Q000191:economics; D005375:Financial Audit; D005377:Financial Management, Hospital; D006077:Government Agencies; D006759:Hospital-Physician Joint Ventures / Q000191:economics / Q000331:legislation & jurisprudence*; D006788:Hospitals, Voluntary / Q000191:economics* / Q000331:legislation & jurisprudence; D012308:Risk Management; D013660:Taxes / Q000331:legislation & jurisprudence*; D014481:United States