Internal Revenue Service General Counsel's Memorandum threatens tax exemption for charitable hospitals.
A recent memorandum from the General Counsel of the Internal Revenue Service changes the standard against which tax exempt entities will be measured, which change can adversely affect charitable hospitals' tax exempt status. In addition, the memorandum makes clear that a violation of the Anti-Kickback statute, discussed in Mr. Aaron's article, is inconsistent with tax exempt status.
Dobson & Dobson, Greenville, SC.
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D002608:Charities / Q000331:legislation & jurisprudence; D005161:Facility Regulation and Control; D005607:Fraud / Q000331:legislation & jurisprudence; D006077:Government Agencies; D006759:Hospital-Physician Joint Ventures / Q000191:economics / Q000331:legislation & jurisprudence; D006788:Hospitals, Voluntary / Q000191:economics / Q000331:legislation & jurisprudence*; D013660:Taxes / Q000331:legislation & jurisprudence*; D014481:United States