The ties that bind. Proposed IRS regulations would put an organization's tax exemption at risk for the behavior of its executives and board.
Newly proposed IRS regulations have a simple message for not-for-profit hospitals: If you want to keep your tax-exempt status, don't engage in excess-benefit transactions. The proposals arrive as compliance officers are paying more attention to the issue. "I wouldn't say that tax awareness is high, but it's higher than ever before," says Lisa Murtha, right.
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D016265:Conflict of Interest; D006075:Governing Board; D006740:Hospital Administrators; D006759:Hospital-Physician Joint Ventures / Q000191:economics* / Q000331:legislation & jurisprudence; D006788:Hospitals, Voluntary / Q000191:economics* / Q000331:legislation & jurisprudence; D019464:Tax Exemption / Q000331:legislation & jurisprudence*; D014481:United States; D037041:United States Government Agencies