IRS Says For-Profit Health Care Provider Organizations Must Pay Taxes On CARES Act Provider Relief Fund Payments

On July 6, 2020, the Internal Revenue Service (IRS) clarified that for-profit health care provider organizations must pay taxes on payments from the Provider Relief Fund created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Non-profit health care provider organizations that receive Provider Relief Fund payments are generally exempt from paying taxes on…