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Reconciling IRS and AG requirements for joint ventures.

Authors :
Wright, C. D.
Source :
Tax Notes. Nov 22, 1999, Vol. 85 Issue 8, p999-1001.
Publication Year :
1999

Abstract

Issues concerning joint ventures between nonprofit hospitals and for-profit entities are examined, focusing on the different responses the IRS and state attorneys general may have to the transactions. Attorneys general are concerned nonprofits do not invest more than 50% of their assets in a single joint venture; the IRS is concerned with issues related to unrelated business income.

Details

ISSN :
02705494
Volume :
85
Issue :
8
Database :
Gale General OneFile
Journal :
Tax Notes
Publication Type :
Periodical
Accession number :
edsgcl.58117029