At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
Balancing Community Benefits with Practical Solutions–The Rules Remain Gray
Over the last few years, the Internal Revenue Service (“IRS”) and various courts have provided substantial guidance regarding tax-exempt entities, including requirements relating to the treatment of exempt income and the methods by which private interests may be balanced with community benefits and charitable purposes. A recent Technical Advice Memorandum emphasized the IRS’s concerns about the control of joint ventures between nonprofit and for-profit entities1. In addition, the IRS has successfully defended a denial of tax exemption in Redlands Surgical Services v. Commissioner2 and has offered an important revenue ruling relating to joint ventures among tax-exempt and for-profit entities in Revenue Ruling 98-153. In these instances, the IRS has set forth a fairly rigid set of requirements for offering exempt status to entities and for accepting certain income as tax-exempt.
