Tax Law

Recent Posts

Proposed Regs Clarify Charitable Hospital Organization Requirements
Posted on 17 Jul 2012 by Patricia Tyler

The Patient Protection and Affordable Care Act added IRC Section 501(r) , which imposes detailed conditions on a hospital organization seeking exemption under IRC Section 501(c)(3) . In addition to satisfying the requirements of IRC Section 501(c)(3)... Read More

Potential Changes to "Orphan Drug" Exclusions Under the Patient Protection and Affordable Health Care Act
Posted on 30 Jun 2011 by Deanne Morton

In July 2003, my father was diagnosed with renal cell carcinoma (kidney cancer). The disease would end his life in less than a year. Shortly after he died, news broke regarding a drug that was showing promise for advanced stage kidney cancer patients... Read More

More Focus on Sin Taxes Needed in Health Care Debate
Posted on 12 Jan 2011 by Peter Miller

House passage of H.R. 2, the Repealing the Job-Killing Health Care Law Act, starts the bidding in what is certain to take years to resolve the health care crisis. Attention to health care reform excise taxes will only intensify as judicial and legislative... Read More

Obamacare Survives Under Power of Taxation
Posted on 29 Aug 2012 by Deanne Morton

In the Supreme Court's decision in National Federation of Independent Business v. Sebelius, 132 S. Ct. 2566 (June 28, 2012) , the Court determined the constitutionality of the most controversial provision of the Patient Protection and Affordable Health... Read More

Health Care Reform Intensifies Tax-Exempt Hospital Compliance Requirements
Posted on 31 Jan 2011 by LexisNexis Tax Center

Editor's Note : The following is an excerpt from Tax Planning for Partners, Partnerships and LLCs § 15.03[3] (Matthew Bender). ... The Patient Protection and Affordable Care Act, P.L. 111-148 (March 23, 2010) enacted new IRC Section 501... Read More

IRC § 162(m)(6): A Game Changer in the Healthcare Insurance Arena
Posted on 6 Dec 2011 by Deanne Morton

Update on "Obamacare" and the Individual Health Insurance Mandates Judicial challenges to the Patient Protection and Affordable Health Care Act of 2010, P.L. 111-148 have been plentiful pretty much since its enactment and I discussed this... Read More

Group Health Plan Reporting Requirements: Delays, Rumors, Cadillacs Under Attack
Posted on 9 Sep 2011 by Deanne Morton

Included as part of the Patient Protection and Affordable Care Act (PPACA) (signed into law by President Obama on March 23, 2010) was new IRC Section 6051(a)(14) . A very small change to a preexisting code section and subsection, the one line addition... Read More

Small Business Relief! Expanded 1099 Reporting Repealed
Posted on 18 Apr 2011 by Maria Domingo

On April 14, 2011, President Obama signed into law the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 ( P.L. 112-9 ) which repeals the expanded Form 1099 reporting requirements for businesses that resulted... Read More