News
Planning to preserve assets while providing long-term-care options
5+ hour, 49+ min ago (670+ words) High costs of long-term care necessitate discussions with clients of strategies to most effectively cover this contingency. A question all CPAs and financial advisers need to be asking their clients is: "If you were to need long'term care (LTC), either…...
Complying with ACA tax-exempt hospital requirements
5+ mon, 5+ hour ago (178+ words) Editor: Christine M. Turgeon, CPA Hospital facilities that are not compliant with these requirements could have penalties imposed or lose their tax'exempt status, depending on the severity of the violation. There has been a renewed interest in tax'exempt hospitals and health…...
Microcaptive insurance arrangements subject to new rules
6+ mon, 12+ hour ago (721+ words) This article examines the final regulations governing microcaptive insurance arrangements and their effect on taxpayers and their advisers. For background, this article also provides an overview of microcaptive insurance arrangements and a recent timeline leading up to the issuance of…...
Tax planning for health care management services organizations
7+ mon, 1+ day ago (492+ words) Editor: Jeffrey N. Bilsky, CPA Considering the regulations and tax regimes applicable to MSOs allows organizations to select the most tax'effective arrangement for their specific circumstances. An MSO structure can create operational efficiencies and cost savings, but it also must adhere…...