§ 21.2 TAX-EXEMPT ORGANIZATIONS INVOLVED
p. 549, second complete paragraph. Insert as last sentence:
Presumably this approach also is taken in connection with qualified exempt health insurance issuers.
§ 21.3 DISQUALIFIED PERSONS
p. 550, n. 25. Delete second sentence and substitute:
This limitation for 2014 is $115,000 (IR-2013-86).
*p. 550, n. 26. Insert following existing text:
The IRS ruled that a physician, paid by a tax-exempt health care network on the basis of a fixed salary plus compensation based on productivity (and, due to his hard work, was the highest-paid individual at the facility), was not a disqualified person with respect to the network because he was not in a position to exercise substantial influence over the affairs of the network or any of its affiliated applicable tax-exempt organizations (Priv. Ltr. Rul. 201336020).
§ 21.4 TRANSACTIONS INVOLVED
(a) General Rules
p. 552, first paragraph, ninth line. Insert federal income before tax.
p. 552, second paragraph. Insert as second sentence:
(As to the former, however, some of the criteria are provided in connection with the rebuttable presumption of reasonableness.38.1)
p. 552, n. ...