IRS Releases Long-Awaited Report on Hospital Pay and Services

The IRS concluded that the standards for reasonable compensation and community benefit “have proved difficult” for the revenue service to administer. “Both involve application of imprecise legal standards to complex, varied, and evolving fact patterns,” the IRS said. “Some have suggested that these standards need to be revised. As these discussions occur, and despite the limitations described [in the report], the study provides important information.”