March 12, 1998
IRS Issues Guidance on Hospital Joint Ventures
The Internal Revenue Service has released a revenue ruling that describes what non-profit hospitals can do to keep their tax-exempt status when they enter into joint ventures with for-profit corporations. Revenue rulings from the I.R.S. are designed to help charities by stating the service's official position on aspects of tax law.
In Revenue Ruling 98-15, the I.R.S. describes two detailed, hypothetical situations. In each, a charity that owns and operates a
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