Borders T C, Halpern M
McDermott, Will & Emery, Chicago, IL.
Healthc Financ Manage. 1994 Feb;48(2):38, 40-2, 44.
The Internal Revenue Service is attempting to reclassify many physicians as hospital employees rather than as independent contractors. Reclassifying physicians as employees could leave thousands of physicians and hospitals facing costly employment tax audits and owing millions of dollars in back taxes and penalties. In addition, some hospital pension and benefits plans that have misclassified physicians could be invalidated, and substantial penalties could be imposed on hospitals.