Perspectives

Tax News & Views: Health Care Edition

Tax News & Views: Health Care Edition is a timely news summary bulletin authored by the Health Care Industry Group, Deloitte Tax LLP. The newsletter contains highlights from the latest tax developments in health care on Capitol Hill, at the White House, at the Internal Revenue Service, at the Treasury Department and in the courts. Tax News & Views: Health Care Edition is a valuable resource for tax and other professionals involved in the tax-exempt health care providers and health plans sectors; it helps them remain current on tax decisions that stand to have an impact on their businesses. By keeping subscribers apprised of these developments, this publication aims to equip readers with knowledge that will help them excel in the marketplace.

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Subscribe to receive Tax News & Views: Health Care Edition by email. Recent editions appear below; for older issues, please email a request to ustaxnews@deloitte.com.

December 2014 / January 2015

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December 2014 / January 2015

  • IRS releases TE/GE program letter for FY15
  • Year-end guidance on charitable contributions
  • Organization not required to file new exemption application for change in state domicile
  • Realignment of IRS Tax Exempt and Government Entities division
  • Did you know?

          IRS publishes inflation-adjusted items for 2015
          - IRS announces tax guidance related to Ebola breakout in Guinea, Liberia, and Sierra Leone
          IRS issues updated FAQs on withholding of the additional Medicare tax
          - Fact sheets on Affordable Care Act for employers and individuals

November 2014

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November 2014

  • IRS releases 2014 draft Form 990, Schedule L for transaction with interested persons
  • Draft 2014 Form 990 and instructions released
  • IRS issues guidance for tax-exempt bond financed facilities
  • Did you know?

- Charitable donation of large number of items
- Medical device excise tax applicable to leased device
- Social Security wage base increases to $118,500 for 2015

October 2014

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October 2014

  • Treasury 2014-2015 priority guidance plan released
  • IRS releases 2014 draft Schedule H for hospitals
  • TIGTA issues report on tax-exempt organizations with delinquent payroll taxes
  • Did you know? 

- Changes to Chief Counsel's TE/GE Function
- IRS Q&As on information reporting by health coverage providers
- Updated per diem rates for business travel
- IRS and DOL guide for retirement plan reporting and disclosure issues

​September 2014

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September 2014

  • IRS releases draft forms for employer and insurer Affordable Care Act information reporting
  • Nonprofit hospital's lab testing services for nonpatients are not UBI
  • Exemption denied to organization formed to support medical school residency program
  • Did you know?

- IRS released revised Form 2848, Power of Attorney and Declaration of Representation
- IRS Publication 4220, Applying for 501(c)(3) Tax-Exempt Status, has been revised
- Exempt organization tax statistics

August 2014

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August 2014

  • Form 1023-EZ, Streamlined Application for Exemption, available for use by small organizations
  • IRS releases draft 2014 Form 990, Schedule A with new sections for supporting organizations
  • Sales through space museum gift shop are not UBI
  • Did you know?

- Instructions released for Requester of Forms W-8 reflecting FATCA requirements
- Truncated taxpayer ID numbers allowed on payee statements

July 2014

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July 2014

  • IRS advisory committee on tax-exempt and government entities releases its annual report
  • Relief for certain exempt organizations that fail to file annual returns for three consecutive years while applications pending
  • Appeals process for proposed adverse rulings relating to exempt status from exempt organizations technical unit
  • Did you know?

- Instructions released for 2014 Form W-8IMY
- FATCA Foreign Financial Institution list search now available

June 2014

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June 2014

  • Disposition of intellectual property is not unrelated business income
  • Correction procedures for improper health FSA payments
  • Annual events found to be “regularly carried on” for UBI purposes
  • Did you know?

- New 2014 Form W-8IMY released
- Annual inflation adjusted limits for HSAs are set
- Tax-exempt organizations cautioned not to include SSNs on Form 990 series returns
- Changes made to the 403(b) pre-approved plan program
- Mid-year plan amendments made related to marriages of same-sex couples

May 2014

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May 2014

  • Supreme Court holds severance payments are FICA wages, reversing Sixth Circuit’s Quality Stores decision
  • IRS releases draft Form 1023-EZ
  • Exemption application processing moves to Cincinnati
  • New Guidance on U.S. person’s ownership in PFIC through tax-exempt organizations and accounts
  • IRS denies exempt status to membership organization
  • Did you know?

- IRS releases FATCA FAQs
- New 2014 Form W-8BEN-E released
- Updates to Exempt Organization Select Check

April 2014

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April 2014

  • Camp releases comprehensive tax reform discussion draft
  • IRS memo extends application of streamlined processing guidelines
  • Sample questions regarding application for exemption under Section 501(c)(3)
  • Did you know?

- IRS releases final Foreign Account Tax Compliance Act (FATCA) forms and instructions for 2014
- Final Form 8963 released for health insurance providers

March 2014

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March 2014

  • Temporary Regulations for PFIC reporting
  • Form 990-T: 2013 significant changes
  • Guidance on health insurance providers fee
  • Annual notification requirement for supporting organizations
  • Activities of taxable subsidiaries not attributed to HMO
  • Did you know?

- Supreme Court hears oral arguments in United States v. Quality Stores
- IRS has updated its interactive Form 1023
- New form to report foreign bank and financial accounts

February 2014

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February 2014

  • Form 990: 2013 significant changes
  • Charitable hospitals may rely on proposed regulations pending further guidance
  • IRS issues proposed correction procedures for failures to meet new requirements for charitable hospitals
  • Automatically revoked organizations have new options to apply for reinstatement
  • Interim guidance for Type III supporting organizations of a governmental entity
  • Did you know?

- Current guidance on user fees for employee plans and exempt organizations
- IRS issues revenue procedures for 2014
- Cafeteria plan guidance for same-sex couples
- 2014 standard mileage rates announced

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