July 14, 2020 4:28 pm Practice Finances IRS Declares Provider Relief Fund Money to Be Taxable for For-Profit Providers Just days before the July 15 federal tax filing deadline, the IRS has announced that for-profit healthcare providers that received Provider Relief Fund money will have to pay taxes on the disbursements. Many providers were anticipating that the money would not be taxable. The funds are subject to the 21% corporate tax rate. To view the IRS’s FAQs on this issue, click here. SHARE News & Knowledge All Curi recommendations are based on current CDC criteria at the time of publication. CDC guidance for SARS-CoV-2 infection may, or may not, be adopted by state and local health departments to respond to rapidly changing local circumstances. Providers should always check with their local health department to see if the CDC’s guidance on any given topic has been modified (particularly if more restrictive) from the CDC’s recommended guidelines. Follow this link https://www.cdc.gov/publichealthgateway/healthdirectories/index.html for contact information to your state/local health department. If local recommendations vary from those of the CDC, and you are unsure what recommendations to follow, then it is safer to follow the more restrictive guidelines/recommendations.