Saturday, February 4, 2012 In This Issue IRS Looking at Physician-Owner Compensation Stark Designated Health Services List Revised HIPAA Deadline Looming! IRS Looking at Physician-Owner Compensation In a recent tax case, the Internal Revenue Service won a significant victory against a physician practice operating as a regular "C" corporation. The IRS successfully argued that the compensation that was attributable to the nonshareholder-surgeons was not paid “purely for the services” of the shareholder-surgeons and therefore was not deductible by the practice. [FULL STORY]   Stark Designated Health Services List Revised On December 31, 2002, the Centers for Medicare & Medicaid Services (CMS) published the latest update on the list of CPT/HCPCS codes defined as designated health services and therefore subject to the Stark law. [FULL STORY]   HIPAA Deadline Looming! Compliance Steps to Take Now The April 16th HIPAA compliance deadline for the privacy standards will soon be upon us. By now, those practices who have been impacted by HIPAA should have completed specific steps. [FULL STORY]   Published by Reed Tinsley CPA Copyright © 2003 Reed Tinsley CPA. All rights reserved.