Tax and Tax-Exempt Organizations
Jones Day's General Tax Practice includes approximately 100 lawyers with experience that collectively covers nearly all aspects of federal and state taxation across the U.S. Major areas of experience include audits and litigation, corporate transactions, state and local taxes, financial products, tax-exempt financing, restructuring and reorganization, real estate, federal legislative and administrative practice, executive compensation and, of course, health care and tax-exempt organizations.
In the area of tax-exempt organizations, our health care tax lawyers have extensive experience in structuring corporate mergers, acquisitions, reorganizations, joint ventures, joint operating agreements, integrated delivery systems, HMOs, PPOs, PHOs, and other arrangements. We aim to provide constructive tax-advantaged solutions to achieve business objectives that comply with rules applicable to tax-exempt organizations. We also have substantial experience in performing audits on behalf of clients to assess current compliance with applicable laws and regulations; structuring programs and transactions to ensure continued tax exemption; and dealing with various tax issues such as unrelated business tax, employee classification, intermediate sanctions, relationships with physicians, and intercompany transactions.
Employee Benefits/Executive Compensation
The Employee Benefits Practice at Jones Day includes approximately 30 lawyers located in Atlanta, Chicago, Cleveland, Columbus, Dallas, Los Angeles, New York, and Washington. We represent a variety of employee benefit plans and sponsoring entities and handle all aspects of employee benefits, including plan design and drafting, advice with respect to taxation and deductibility of benefits, qualification requirements under the Internal Revenue Code, fiduciary responsibility requirements under the Employee Retirement Income Security Act, and plan administrative matters.
As part of our focus on health care clients, we have developed a team of employee benefits lawyers who devote their practices to the unique employee benefits issues associated with health care clients. These issues include employee benefit plans for tax-exempt entities, controlled group issues, affiliated service group issues, plan design and testing issues for entities with multiple plans, mergers and acquisitions issues in business combinations of hospitals and physician practices, and flexible compensation strategies. We also have significant experience in designing and implementing executive compensation programs for executives at both for-profit and not-for-profit entities.
We have substantial experience in performing audits on behalf of clients to assess current compliance with applicable laws and regulations; to structure programs to ensure continued tax exemption; and to deal with various tax issues such as unrelated business tax, employee classification, intermediate sanctions, relationships with physicians, and intercompany transactions.