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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.