H.R. 5825 · 116th Congress
To amend the Internal Revenue Code of 1986 to provide for reporting by certain investors with respect to certain specified medical care providers.
- Stage
- Reported from committee
- Sponsor
- Richard Neal
- Introduced
- 2020-02-10
- Latest action
- 2020-02-12 · Committee Consideration and Mark-up Session Held.
Summary
This bill imposes a new reporting requirement under the Internal Revenue Code for certain investors with respect to certain specified medical care providers. Such investors must electronically file a separate annual return with respect to each medical care provider that contains information relating to gross receipts, real estate ownership, and other payments to related persons. The bill imposes a penalty on investors for failing to file complete and correct returns.