Suffredin- Changing County Government  
 

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.

   
  The first blood bank in the world was established at Cook County Hospital by Dr. Bernard Fantus in 1937.
   
     
     
     



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

Elevating Evanston Youth
Monday, February 24, 2020
Northwestern

$14 million settlement proposed in lawsuit over Cook County inmates masturbating in front of female public defenders
Sunday, February 23, 2020
Chicago Sun-Times

The correct response to violent crime? Believe it or not, we're seeing it in Cook County.
Friday, February 21, 2020
Crain's Chicago Business

For The First Time In More Than A Decade, The Waitlist For Suburban Public Housing Is Opening
Friday, February 21, 2020
WBEZ News

Flashback: Cook County Hospital was home to big egos, surgical drama and stalwarts who found purpose in treating the poor
Friday, February 21, 2020
Chicago Tribune

Can courts do more to force FOID card violators to give up their guns?
Monday, February 17, 2020
Chicago Tribune

Keep the Cook County Health board independent
Sunday, February 16, 2020
Crain's Chicago Business

Park Ridge looks to move 911 dispatching services to Cook County call center
Thursday, February 13, 2020
Chicago Tribune

Editorial: A report’s flaws suggest: Cook County bail reforms may have endangered the public
Thursday, February 13, 2020
Chicago Tribune

Offering rehab instead of jail time, ‘Drug Court’ gives some a second chance
Thursday, February 13, 2020
WGN News

Preckwinkle aide barred from her offices after sexual harassment incident
Tuesday, February 11, 2020
Crain's Chicago Business

New outreach group combating Cook County’s opioid crisis by offering treatment, hope
Tuesday, February 11, 2020
WGN News

Evanston Officials Eye County Grant for Construction of New Animal Shelter
Monday, February 10, 2020
Evanston RoundTable

CTA to spend $38 million studying Red Line extension
Monday, February 10, 2020
Chicago Tribune

In Illinois — the Prairie State — little prairie land remains. But work is being done to save what’s left in Cook County and restore more.
Thursday, February 06, 2020
Chicago Tribune

Brookfield Zoo chief heads for the exits
Thursday, February 06, 2020
Crain's Chicago Business

Suspect in weekend killing of Cook County inmate accused of beating another detainee in November attack captured on video
Wednesday, February 05, 2020
Chicago Tribune

MacArthur grants Cook County another $2.5 million for criminal justice reform
Wednesday, February 05, 2020
Crain's Chicago Business

Property tax hikes won’t be that bad, new report says
Wednesday, February 05, 2020
Chicago Sun-Times

MacArthur Foundation donates $2.5 million to Cook County Criminal Courts
Wednesday, February 05, 2020
Chicago Sun-Times

all news items

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