New York, NY, November 03, 2010 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Laura Kalick, Director, Nonprofit Tax Consulting of BDO USA LLP will speak at the Knowledge Congress’ webcast entitled: “The Impact of New Federal Tax Requirements on Hospitals.” This event is scheduled for November 17, 2010 at 12:00 PM - 2:00 PM ET.
(For further details, please visit: http://www.knowledgecongress.org/event_2010_newfederal_tax.html
Hospitals beware; a significant tax change is on the way.
Section 9007 of the Patient Protection and Affordable Care Act (PPACA) enacted last March 2010 imposes new requirements for nonprofit hospitals that must be followed to keep a tax-exempt status. The new rules also mandate tax-exempt hospitals to administer community health needs assessments and to clarify and make known their financial assistance policies. Failure to do so may result to costly penalties which can be as high as $50,000.
About Laura Kalick
Laura Kalick is the National Nonprofit Tax Consulting Director for BDO’s Institute for Nonprofit Excellence. Laura has over 35 years of experience in both private and government practice including the IRS National Office, the US Senate, large accounting firms and practicing law. She has advised a diverse group of complex exempt organizations including colleges and universities, trade associations, charities, hospitals, foundations and social welfare organizations.
Laura’s expertise covers transactions and contracts between exempt organizations and taxable entities, private benefit and intermediate sanctions, unrelated business income and allocation of expenses, taxable subsidiaries, private use of tax-exempt bonds, charitable contributions, joint ventures, royalty, affinity and sponsorship agreements, debt-financed income, lobbying and political activity, private foundation excise taxes and compensation arrangements. Laura also works with nonprofit clients on FIN 48 documentation, IRS audits and preparing for the new Form 990.
About BDO USA LLP
BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, financial advisory and consulting services to a wide range of publicly traded and privately held companies. For 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals. The firm serves clients through 39 offices and more than 400 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multi-national clients through a global network of 1,138 offices in 115 countries.
For more information about Laura Kalick and BDO USA LLP, please visit: www.bdo.com
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. To contact or to register to an event, please visit: www.knowledgecongress.org.