|
 |
|
News Archive
Our news covers industry topics relevant to health care organizations.
|
Small Nonprofits Must File e-Postcard in 2008
Small tax-exempt organizations with annual gross receipts of $25,000 or less may be required to file Form 990-N (e-Postcard) in 2008. What happens if you don’t file your e-Postcard? You risk losing your tax-exempt status. More
IRS Wants Your Feedback on New 990 Draft Instructions
The IRS issued draft instructions for the redesigned 990 and they are requesting input from the nonprofit field. The new form will require extensive preparation and goes into effect for the 2008 tax year. The deadline to submit comments to the IRS is June 1, 2008. More
Pathways to Greatness Deadline: May 15
Larsonallen and the American Association of Homes and Services for the Aging are sponsoring a national program designed to define the primary attributes of high-performing aging-services providers. The deadline to apply is May 15, 2008, and the application process has been abbreviated to one phase. More
Don’t Delay: Tamper-Resistant Prescription Pads Mandatory on April 1
The adjusted effective date for implementing tamper-resistant prescription pads is fast approaching. On April 1, 2008 physicians and pharmacists will be required by law to either use electronic prescriptions or tamper-resistant prescription pads for Medicaid patients. More
 Regional Differences Influence Health Care Usage
by Nancy Rehkamp and Aaron Moerke
Accurately estimating the demand for hospital care is critical. More
New Technology for Home Health Care
by Caroline Ives and Ron Clitherow
Health care providers are already aware of the increased
strain that the aging population is placing on the country’s health care
system; however, they must also address the fact that a growing number
of the elderly do not want to spend the last years of their lives in traditional
care facilities. More
Court Orders Nonprofit to Pay Property Taxes—Signifying a Trend
In a majority ruling (four-to-three), the Minnesota Supreme Court (the Court) reversed a nonprofit organization’s property tax exemption. The Court’s decision stated that the nonprofit is not a “purely public charity” because it doesn’t provide goods and services free or at a significantly reduced rate. More
Aging-Services Leader Hired in Florida
Brehon Roberts joined LarsonAllen’s Orlando office as a health care audit manager. With more than 17 years of experience, he specializes in serving aging-services providers and facilities receiving federal and state funding. More
 LarsonAllen Broadens Health Care Presence in New England
Boston-based Landa & Altsher, P.C. and its affiliate Healthcare Education, LLP will join LarsonAllen on January 1, 2008. This combination of talent creates one of the nation’s largest aging-services and health care practices with more than 220 professionals dedicated to serving the field. More
OIG Work Plan Reveals Targeted Risk Areas for 2008
The Department of Health and Human Services (HHS) and the Office of Inspector General (OIG) have issued the OIG Work Plan for fiscal year 2008. Health care organizations participating in federally funded programs should dissect the plan to determine their compliance in the targeted areas for audits, evaluations, and inspections. More
Final Rule for Hospital OPPS Includes Provisions to Impact CAHs
On November 2, 2007, the Centers for Medicare & Medicaid Services (CMS) released the 2008 payment rates and the final rule for changes to the Hospital Outpatient Prospective Payment System (OPPS). The final rule was relaxed for Critical Access Hospitals (CAHs) operating certain provider-based facilities. More
IRS Considering Comments on Redesigned 990
The IRS issued a radically redesigned draft of Form 990 this past summer—and in response they received a large volume of comments from many sources including the AICPA. Even if the IRS revises the draft form, the final version will still require much more detailed information about nonprofit organizations than they are accustomed to providing. More
AAHSA Members Recognized for Paving Pathways to Greatness
LarsonAllen and the American Association of Homes and Services for the Aging (AAHSA) are pleased to announce Carol Woods Retirement Community and The Mary Wade Home, Inc. as the inaugural award recipients of the Pathways to Greatness Recognition Program. More
Home Health PPS Reform Final for 2008—Is Your Agency Prepared?
The Medicare Home Health Prospective Payment System (HH PPS) final rule and rate update go into effect on January 1, 2008. "The final rule is comprised of many changes—some are good and others bring great concerns about the long-term viability of home health agencies," states Judy Adams, clinical consultant with LarsonAllen. More
24th Annual Licensed Nursing Facility Cost Comparison Now Available
LarsonAllen's annual cost comparison report analyzes the data of approximately 220 nonprofit and for-profit nursing facilities. Our online tool allows you to benchmark your nursing facility's financial ratio and cost data. To get the access code for the cost comparison tool—and to read the full publication—contact your LarsonAllen representative. Last year's tool and report are also available.
Public Inspection of Form 990-T
Nonprofit organizations that file unrelated business income tax returns (Form 990-T) must make them available for public inspection and copying, according to interim guidance from the IRS. More
Small Nonprofits Take Note—Don't Risk Losing Your Tax-Exempt Status
To increase transparency of small tax-exempt organizations, those with annual gross receipts of $25,000 or less will now be required to file Form 990-N (e-Postcard) in 2008, according to an IRS press release.
The new annual notice is based on the Pension Protection Act of 2006, and pertains to small nonprofits that are currently not required to file Form 990 or 990-EZ. More
How Will the Redesigned Form 990 Affect Your Organization?
The IRS has redesigned Form 990—a document that has not undergone major revisions since 1979. The proposed changes are intended to increase the transparency of tax-exempt organizations and present the IRS and stakeholders with a realistic picture of entities and their operations. More.
Telephone Tax Refund Confusion
Early tax filing indicates some taxpayers are grossly over inflating their Telephone Tax Excise Refund, while others haven't claimed a refund at all, according to an IRS report. More.
IRS: Nonprofits are Incorrectly Reporting Executive Compensation
Confusion about Form 990 led to errors in the reporting of executive compensation, according to an IRS report. The report is further evidence of the IRS's migration from education of compensation related laws affecting nonprofits—to enforcement. More
|
|
|
 |
Share this with a friend