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News Archive
Our news covers industry topics relevant to hospitals and health systems.
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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
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
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
LarsonAllen Hires Health Care Internal Audit Leader
Kelly A. Nueske joined LarsonAllen as a manager specializing in internal audit and health care management. "With credentials as a certified internal auditor, certified management accountant, and registered nurse, Kelly brings a unique perspective to our broad range of health care clients. She has a keen sense at anticipating risk and regulatory issues, which blends well with her talent to identify strategic opportunities," explains John Richter, principal-in-charge of health care at LarsonAllen. 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
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
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
Critical Access Hospital Gold Standard Performance Summary Released
At the request of our clients, we conducted a comprehensive study on the financial performance of the most successful Critical Access Hospitals in the United States. The report is based on comparative financial analysis of over 600 Critical Access Hospitals, demographic review of rural communities, and interviews with selected leaders we designated as "Gold Standard Performers." More
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