Healthcare Taxation & Compliance
Get a solid foundation in healthcare-related tax rules and reporting requirements. This course covers key differences between for-profit and nonprofit healthcare entities, introduces IRS forms like 990 and 1023, and explores tax credits, UBIT, and compliance best practices—all tailored for professionals working in or supporting the healthcare sector.
Course Description
This course is designed to equip accounting and finance professionals with the essential knowledge needed to navigate the U.S. tax landscape as it applies to healthcare organizations. Learners will gain a clear understanding of the tax implications for both for-profit and nonprofit healthcare entities, including entity structures, deductible expenses, and applicable federal, state, and local tax requirements.
The course provides in-depth coverage of IRS tax-exempt status under section 501(c)(3), Unrelated Business Income Tax (UBIT), and the operational and compliance responsibilities that come with maintaining nonprofit status. Participants will also explore tax credits and incentives available to healthcare providers—including the Employee Retention Credit (ERC), R&D credits, and green energy incentives—and learn how to spot audit red flags and implement strong documentation and recordkeeping practices.
Whether you're a CPA, finance manager, or healthcare administrator, this course delivers critical insights to help ensure your organization meets its tax obligations and optimizes available tax benefits.
In this course, you'll learn...
Course Objectives
Differentiate between the tax implications for for-profit and non-profit healthcare entities.
Understand the IRS rules governing 501(c)(3) healthcare organizations.
Review key tax forms that need to be completed by healthcare companies.
Identify key tax credits and incentives available to healthcare organizations.
Apply tax compliance best practices in a healthcare setting.
How you'll apply these skills...
Determine the correct tax treatment for healthcare organizations based on their structure (for-profit vs. nonprofit).
Identify and prepare relevant IRS forms such as Forms 990, 1023, and 990-T, supporting accurate and compliant filings.
Assess nonprofit compliance with 501(c)(3) requirements, including community benefit, governance, and public support.
Recognize and evaluate Unrelated Business Income (UBI) and determine when UBIT reporting applies.
Implement best practices for tax documentation, audit preparedness, and ethical reporting in a healthcare setting.
Leverage applicable tax credits and incentives (e.g., ERC, R&D credits, green building incentives) to reduce tax liability and support organizational growth.
Course Instructor
Michael Carroll, CPA, CISA, CISM
Michael is an accounting and information security professional. He is also an Adjunct Professor at several higher education institutions, where he is responsible for teaching various accounting and information technology courses.
Michael earned his MBA in Accounting and B.S. in Accounting / Accounting Information Systems from Canisius University. Additionally, Michael is a Certified Public Accountant (CPA) and a Certified Information Systems Security Professional (CISSP). Michael is a current member of the NYCPA’s Education Committee and has been an Advisory Board Member for the Academy of Finance (AOF) since 2020.
Michael enjoys traveling, hiking, and watching the Buffalo Bills. He has also participated in several marathon events.
Course Content
Additional Info
Format
5-20 min. videos, 2 quizzes, and a final assessment
Field of study
Taxes
CPE Credits
CPEs 3.0
Prerequisites
Wisdify Healthcare ACG & Fin Series Intermediate Courses