Eddie Phillips, tax principal, presented at the Feb. 7, 2014, GSCPA Healthcare Conference on “Nonprofit Tax Updates,” sharing with those in attendance recent legislative and regulatory changes, as well as IRS administrative guidance, affecting tax-exempt healthcare providers. He also reviewed recently effective provisions of the Affordable Care Act that specifically impact tax-exempt hospitals, as well as proposed regulatory guidance issued by the IRS on these provisions.

For example, Phillips reviewed proposed regulations on Community Health Needs Assessments, highlighting differences in the proposed rules from the guidance previously released by the IRS in Notice 2011-52. Phillips also summarized potential consequences of failing to satisfy the proposed IRS regulatory requirements.

For more information on the recent changes affecting nonprofit healthcare providers, please contact Eddie Phillips at ephillips@draffin-tucker.com or (404) 220-8494.