47269 Health Lawyer
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Bruce John Shih, Esq. Daniel K. Settelmayer, Esq. Latham & Watkins Los Angeles, CA Introduction On May 5, 1997, the Internal Revenue Services (“IRS”) officially released Revenue Ruling 97-21, which analyzes whether five hypothetical physiciia recruitment arrangements by a tax-exempt hospital are permissible under §501(c)(3) of the Internal Revenue Code. This long awaited revenue ruling was first proposed more than two years earlier on March 15, 1995, in Announcement 95-25.1 The proposed and the...