Internal Revenue Service PLR-110218-14 Regarding Bundled Tax Returns For Health Care Entities Operating In States Prohibiting The Corporate Practice Of Medicine

On December 19, 2014, the Internal Revenue Service (IRS) issued this ruling to an investor-owned health care company that will allow the parent company to submit a single consolidated federal tax return that includes data from its wholly-owned subsidiaries structured as physician-led professional corporations, even those in states that ban the corporate practice of medicine. The ruling applies only to the company that requested the ruling . . .