Nov 22

2006 Exempt Organizations (EO) Implementing Guidelines


The IRS Tax Exempt and Government Entities (“TE/GE”) Division just released its “FY 2006 Exempt Organizations (EO) Implementing Guidelines.” Most notable for tax-exempt hospitals, the Director of EO Examinations announced, coincident with the release of the Implementing Guidelines, that one examination initiative may consist of sending letters to about 600 nonprofit hospitals inquiring about their executive compensation practices and about how they believe they satisfy the community benefit standard supporting their qualification for section 501(c)(3) status.

To read the full text of the Alert, please click on the link below.

2006 Exempt Organizations (EO) Implementing Guidelines

About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read more →