Federal Law Update: Ancillary Joint Ventures After ... - Honigman

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Audit Activity • Traditional EO and CEP Audits • IRS Coordination with Taxable Sector • TBOR2 Assessments (Sta-home Home Health, >$40 million)
Audit Activity • Ongoing joint venture audits • Common defects from the IRS perspective: – secretive process – lack of competitive bids – lack of “legitimate and rigorous” business investment analyses – failure to meet charity care and other covenants – diversion of funds for political intervention – lack of monitoring by nonprofit
Page 1 and 2: Federal Law Update: Ancillary Joint
Page 3: Areas not addressed • Non-tax con
Page 7 and 8: Defining “Insiders” • No Free
Page 9 and 10: TBOR2 Basics • Two-tier tax on di
Page 11 and 12: Ancillary Joint Ventures •Two-pro
Page 13 and 14: Typical Whole Hospital Joint Ventur
Page 15 and 16: Ancillary Services Joint Venture (H
Page 17 and 18: Redlands Community Hospital Foundat
Page 19 and 20: Redlands: Why Not Exempt? • Sole
Page 21 and 22: Redlands: Why Not Exempt? • RSS w
Page 23 and 24: Expanded Control Test • Initiatio
Page 25 and 26: Community Benefit •New services
Page 27 and 28: Exemption Impact of 50/50 Ventures
Page 29 and 30: Other Structuring Options • Taxab
Page 31: Non-tax Considerations • Antifrau

Federal Law Update: Ancillary Joint Ventures After ... - Honigman

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