Federal Law Update: Ancillary Joint Ventures After ... - Honigman
Federal Law Update: Ancillary Joint Ventures After ... - Honigman
Federal Law Update: Ancillary Joint Ventures After ... - Honigman
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Audit Activity<br />
• Ongoing joint venture audits<br />
• Common defects from the IRS perspective:<br />
– secretive process<br />
– lack of competitive bids<br />
– lack of “legitimate and rigorous” business<br />
investment analyses<br />
– failure to meet charity care and other covenants<br />
– diversion of funds for political intervention<br />
– lack of monitoring by nonprofit