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Loeb & Loeb Trusts & Estates partner Meghan Biss is featured in Bloomberg Tax, providing insight into the IRS's plans to audit 35 tax-exempt hospitals to ensure they meet community benefit standards, potentially leading to greater compliance and stricter regulations across nearly 3,000 hospitals.
In the publication, Meghan anticipates that the IRS will see a wave of tax-exempt hospitals not currently under review begin to comply.
She states, "When you look at 35 hospitals as a percentage of the total number of examinations, that seems like a much higher percentage and signals that this is a place where the IRS is taking things seriously and where organizations should be paying attention."
To read the full article, please visit Bloomberg Tax’s website (subscription may be required).
In the publication, Meghan anticipates that the IRS will see a wave of tax-exempt hospitals not currently under review begin to comply.
She states, "When you look at 35 hospitals as a percentage of the total number of examinations, that seems like a much higher percentage and signals that this is a place where the IRS is taking things seriously and where organizations should be paying attention."
To read the full article, please visit Bloomberg Tax’s website (subscription may be required).
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Partner