Owners’ Equity Withdrawal – Update

Carl J. Pucci in Finance & Reimbursement

Following the issuance of DOH’s revised Owners Equity Withdrawal form and related DAL, NYSHFA has identified numerous member concerns. NYSHFA met with DOH officials to discuss and per their request, drafted a number of FAQ’s and suggested responses which address key concerns with the revisions, namely: 

  • Treatment of income taxes;
  • Treatment of salaries;
  • Equity distribution to affiliated entities; and
  • Treatment of goodwill

Attached are NYSHFAs draft FAQ’s and responses submitted to DOH a few weeks ago. We will keep members apprised as this matter progresses.

NYSHFA CONTACT:

Carl J. Pucci
Chief Financial Officer
518-462-4800 x36