Suffredin- For a Better Cook County  
 

Accountability
Forest Preserves
Public Safety
Cook County Budget
Forest Pres. Budget
Property Tax Appeal
Health & Hospitals
Land Bank Authority
Policy Resolutions
Unsung Heroine

 

   
 
   
   
 
   
     
  Office phone numbers:  
   
 
 

The Cook County Code of Ordinances are the current laws of Cook County.

   
 

Search current and proposed Cook County Legislation in Larry's exclusive legislative library.

   
  Eighteen of the 20 largest banks in the world and more than 50 foreign banks have offices in Cook County.
   
     
     
     



IRS Agrees To Timetable For Its Tax-Exempt Hospital Compliance Project

Monday, April 30, 2007
Mondaq Business Briefing
by Donald Stuart, Leigh Griffith and Terri Cammarano

IRS officials have agreed to prepare an interim report that will include an
assessment of how nonprofit hospitals are providing community benefit in
exchange for tax-exemption. The report, due this summer, also will outline any
actions the IRS determines necessary to address the community benefit standard.
The IRS also has discussed the status of its audits of executive compensation at
nonprofit hospitals.
 
Recently, the Treasury Inspector General for Tax Administration (TIGTA) issued a
report of its review of the IRS' tax-exempt hospital compliance project and how
the IRS intends to use the results of the project to address potential
noncompliance in the industry. The IRS began its hospital compliance project in
May 2006 with a questionnaire sent to 544 tax-exempt hospitals soliciting information on
community benefit and compensation practices. The IRS generally agreed with
TIGTA's recommendations for how the hospital compliance project will proceed
this year and into 2008.
 
Executive Compensation
 
Since receiving responses to its hospital questionnaire, the IRS has initially
focused the hospital compliance project on the practices and procedures
tax-exempt hospitals use to compensate executives and other insiders. The IRS
has indicated that it is now selecting hospitals and starting examinations
related to executive compensation. These examinations are scheduled for
completion by January 2008.
 
Community Benefit
 
Still under analysis are the hospital responses to the IRS's community benefit
questions. The IRS hopes to determine:
 
 
"How tax-exempt hospitals believe they provide a community benefit in exchange
for tax-favored status."
 
"Whether the community benefit standard is still applicable in today's industry
environment if these organizations operate in the same manner as for-profit
hospitals."
 
"Whether a legislative action would improve the IRS's ability to administer tax
laws in the tax-exempt hospital industry."
 
 
The IRS indicated that if it finds that "hospitals are performing only minimum
actions to meet the community benefit standard" in exchange for tax-exemption,
the IRS will consider initiating examinations of hospitals.
 
The IRS also stated that information from the project could assist them in
differentiating tax-exempt hospitals from for-profit hospitals. IRS
recommendations could include regulatory changes or additional ruling guidance.
It is possible that the IRS could issue a new revenue ruling promulgating a
revised standard to differentiate nonprofit hospitals from for-profit hospitals.
 
Interim and Final Reports to be Supplemented if Necessary
 
The IRS agreed to provide an interim report on the progress of the community
benefit portion of the compliance project, a description of the community
benefit activities undertaken by hospitals that responded to the questionnaire,
and an outline of its immediate next steps based on an assessment of the data.
It is not known whether the IRS's interim report, scheduled for issuance in July
2007, will be made public.
 
A final public report on the IRS's hospital compliance project is scheduled for
issuance in September 2008. This report is expected to provide:
 
 
an update on the community benefit standard since the issuance of the interim
report
 
a summary of the examination results related to excess compensation
 
possible recommendations to improve future compliance by tax-exempt hospitals
 
possible recommendations related to education and outreach efforts needed
 
possible additional training for IRS personnel in compensation analysis for
tax-exempt hospitals
 
possible other compliance initiatives/projects for the tax-exempt hospitals
industry.
 
 
TIGTA also requested that the IRS develop plans to prepare a separate final
report on community benefit if the IRS's community benefit review and actions
will not be completed in time for inclusion in the final report. Although the
IRS noted that it is too early in the process to determine if a supplemental
report will be needed or what the precise next steps will be, it agreed to issue
a supplemental report on community benefit, if necessary.
 
The TIGTA report is available online at the U.S. Treasury Department web site.


Recent Headlines

Old Cook County Hospital on track to become next city landmark
Wednesday, January 16, 2019
Chicago Sun-Times

Free Radioactive Radon Test Kits From Cook County
Tuesday, January 15, 2019
Special to suffredin.org

Toni Preckwinkle and county watchdog at odds over political travel reimbursements
Friday, January 11, 2019
Chicago Tribune

2 Cook County judges — one cleared of gun charge, one reassigned for anger management — to return to bench at criminal court
Thursday, January 10, 2019
Chicago Tribune

It's been a bad decade for property taxes
Wednesday, January 09, 2019
Crain's Chicago Business

Bond court reform has not put more violent offenders back on the street
Wednesday, January 09, 2019
Chicago Sun-Times

Glenview pushes minimum wage, paid sick leave discussion to next week
Tuesday, January 08, 2019
Chicago Tribune

How Fritz Kaegi Plans to Transform the Cook County Assessor’s Office
Friday, January 04, 2019
WTTW Chicago Tonight

Cook County Health recognizes Cervical Health Awareness Month
Friday, January 04, 2019
Special to suffredin.org

2 neighborhood courthouses close: 'You’re discouraging citizens from going to court'
Friday, January 04, 2019
Chicago Tribune

Campaign money tied to Ald. Edward Burke’s alleged extortion scheme was intended for County Board President Toni Preckwinkle, sources say
Thursday, January 03, 2019
Chicago Tribune

Cook County, parking operators in dispute over possibly millions in back taxes that could leave consumers pinched
Thursday, January 03, 2019
Chicago Tribune

Preckwinkle pursues back taxes from parking lot operators
Wednesday, January 02, 2019
Chicago Sun-Times

30K Cook County homeowners to get $8.3M in automatic property tax refunds
Monday, December 31, 2018
Special to suffredin.org

2019 preview: Glenview to consider minimum wage
Monday, December 31, 2018
Chicago Tribune

'If I can do this, you can do this': Cook County judges inspire students of similar backgrounds
Thursday, December 27, 2018
Chicago Tribune

The Price Tag Of Freedom For Hundreds Of Non-Violent Cook County Inmates Is Less Than $2,000
Thursday, December 27, 2018
CBS Chicago

Give the Gift of Nature
Thursday, December 27, 2018
Special to suffredin.org

Why those 19 inmates were in Cook County Jail
Wednesday, December 26, 2018
Chicago Sun-Times

Medical examiner slow to review cases of fired pathologist who missed a murder
Wednesday, December 26, 2018
Chicago Sun-Times

all news items

Paid for by Larry Suffredin and not at taxpayer expense. A Haymarket Production.
^ TOP