In the past few years, the IRS has changed its guidance on whether “management contracts” result in private business use for purposes of the restrictions on use of property financed with tax-exempt bonds. This update...more
5/8/2018
/ Borrowers ,
Compensation ,
Hospitals ,
Internal Revenue Code (IRC) ,
IRS ,
Management Contracts ,
New Guidance ,
New Rules ,
Physicians ,
Public Private Partnerships (P3s) ,
Revenue Procedures ,
Safe Harbors ,
Service Contracts ,
Tax-Exempt Bonds
On October 24, 2014, the IRS released Notice 2014-67, which establishes more favorable safe harbors for types of service contracts and other arrangements using property financed with tax-exempt bonds. The Notice also provides...more