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HSM 331 90 Norfolk State University Chapter 4 For Profit Tax Status Essay
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Review and study Chapters 4 and 5 in the textbook (Nowicki, 2018).
Review and study the PowerPoints posted in Blackboard.
- Use critical thinking skills and metacognition when you read the Mini-Case Study in the textbook (Nowicki, 2018, p. 77):
- Imagine you are a tax attorney and consultant to Doctor’s Hospital (a for-profit, physician-owned hospital).You are scheduled to give a presentation to the Board of Directors regarding the advantages related to converting the hospital to a not-for-profit tax status.
- As the tax attorney and consultant, what are your arguments related to converting the hospital to a not-for-profit tax status?Expound on whether or not it is more beneficial for the hospital to change their tax status or remain the same.Provide references to support your rationale.
What do you believe the board will decide? To keep the for-profit tax status or change to a not-for-profit tax status?
