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| Higher Education Institutions & Research Parks |
Senator Grassley Asks GAO to Examine Nonprofit Hospitals' Community Benefits - 04/11/07
Health Care
April 11, 2007
On April 5, 2007, Senator Chuck Grassley (R-IA), the ranking minority member of the Finance Committee, requested that Congress' investigative arm, the Government Accountability Office study nonprofit hospitals' uncompensated care and other community benefits.
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Congressional Response to Smithsonian Institution and Allegations of Abuse: What Could It Mean for Nonprofit Organizations? - 04/05/07
April 6, 2007
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CMS Issues Guidance on DRA Employee Education Requirements - 1/17/07
Health Care
January 17, 2007
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Bill Introduced to Open Medicare Claims Data to Researchers - 09/22/06
Health Care
September 22, 2006
On September 14, Senate Finance Committee Chairman Charles Grassley (R-Iowa) and Senator Max Baucus (D-Mont.) introduced a bill (S. 3897) to the Senate designed to give researchers access to Medicare beneficiary data for use in the study and improvement of medical treatments. The proposed Medicare Data Access and Research Act would link data from the new Medicare drug benefit to claims, utilization and diagnostic data collected from hospital and physician providers under Medicare.
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Senate Finance Committee Heightens Pressure on Non-Profit Hospitals Over Charity Care - 09/20/06
Health Care
September 19, 2006
Senate Finance Committee Chairman Charles Grassley (R-Iowa) urged non-profit hospitals to increase the level of charity care they provide to the poor and uninsured, noting in a statement released September 12, 2006, the day before a Senate Finance Committee hearing was to begin, that in exchange for tax breaks, "[t]he public has a right to expect significant, measurable benefits in return." Although Senator Grassley said he was not anticipating legislation relating to the level of charity care provided by non-profit hospitals, he did not rule out such legislation.
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GAO Issues Survey on Nonprofit Hospitals' Executive Compensation - 08/02/06
Tax
August 2, 2006
On Friday, July 28, 2006, the General Accounting Office (GAO) made public its survey entitled "Nonprofit Hospital Systems: Survey on Executive Compensation Policies." The survey sample was of 100 hospital systems throughout the United States, each of which is recognized as tax exempt under IRC ยง501(c)(3).
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IRS Issues Guidance for Nonprofit Organizations Involved in Low Income Housing - 05/02/06
Tax
May 1, 2006
Jerome A. Breed
The Internal Revenue Service has released guidance for its agents who process applications for federal income tax exemption for organizations which will participate in low income housing tax credit ("LIHTC") projects. The guidance is effective upon its release, and is the result of years of discussion between the IRS and a coalition composed of section 501(c)(3) organizations involved in LIHTC projects.
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OIG Releases Draft Compliance Program For Recipients of Research Grants - 12/06/05
Health Care
December 6, 2005
On November 28, 2005, the Office of the Inspector General released draft compliance guidance for recipients of extramural research awards from the National Institutes of Health and other agencies of the Public Health Service.
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OIG Bulletin Creates Opportunity for Non-Profits - 11/30/05
Health Care Client Alert
November 28, 2005
On November 7th, the Office of the Inspector General ("OIG") issued new guidance addressing the operation of pharmaceutical manufacturer patient assistance programs ("PAP") in relationship to the new Medicare Part D drug benefit.
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Sale of Non-Profit Hospitals in Bankruptcy - 06/30/05
Health Care
June 30, 2005
Wendy L. Hagenau
It is not uncommon in a bankruptcy case for the debtor to sell its assets, either as part of a plan of reorganization or liquidation or pursuant to section 363 of the Bankruptcy Code. The Bankruptcy Code provides that such a sale occurs after notice to all creditors and an opportunity for a hearing.
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New Regulations Governing Research Misconduct - 06/15/05
Health Care
June 15, 2005
New regulations governing research misconduct, promulgated by the Department of Health & Human Service, Office of Research Integrity will go into effect on June 16, 2005.
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United States Postal Service Updates Nonprofit Standard Mailing Rate Requirements - 6/6/05
Tax Client Alert
June 6, 2005
Certain eligible nonprofit organizations can take advantage of the Nonprofit Standard Mail rates offered by the United States Postal Service for qualifying printed mail such as pamphlets, newsletters, direct mail and certain merchandise.
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IRS Nonprofit Compensation Audits - 5/23/05
Tax Client Alert
May 23, 2005
The IRS has begun its compensation audits for executives of nonprofit organizations. These "soft-contact" audit letters are being sent to 2,000 organizations. A copy of one of the letters has become public, and the questions that are listed in the letter are illustrative of the focus of the IRS in these ongoing audits.
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Congressional Report Proposes Dramatic Changes for Nonprofit Organizations - 02/24/05
Client Alert: Tax
February 24, 2005
In a recent congressional report, the Joint Committee on Taxation (the "Committee") found that tax abuses are costing the federal treasury more than $370 billion in lost revenue annually. The 430-page report, entitled "Options to Improve Tax Compliance and Reform Tax Expenditures," identifies tax abuses by nonprofit organizations as a significant contributor to the loss of revenue. In this Alert we discuss several of the proposals for new legislation reforming tax-exempt laws and oversight.
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