Final regulations under section 482 of the Code provide guidance on the determination of and compensation for all economic contributions by all controlled participants in connection with a cost sharing arrangement (CSA) in accordance with the arm’s length standard. The regulations address issues that have arisen in administering the cost sharing regulations.

Final regulations update the regulations under section 104 of the Code to reflect statutory amendments limiting the section 104(a)(2) exclusion to damages for personal physical injuries or physical sickness and to delete the “tort or tort-type rights” test.

Temporary and proposed regulations under section 501 of the Code authorize the IRS to prescribe the procedures by which certain entities may apply to the IRS for recognition of exemption from Federal income tax. The regulations affect qualified nonprofit health insurance issuers, participating in the Consumer Operated and Oriented Plan program established by the Centers for Medicare and Medicaid Services, that seek exemption from federal income tax as an organization described in section 501(c)(29) of the Code.

Temporary and proposed regulations under section 501 of the Code authorize the IRS to prescribe the procedures by which certain entities may apply to the IRS for recognition of exemption from Federal income tax. The regulations affect qualified nonprofit health insurance issuers, participating in the Consumer Operated and Oriented Plan program established by the Centers for Medicare and Medicaid Services, that seek exemption from federal income tax as an organization described in section 501(c)(29) of the Code.

Announcement 2010-19, 2010-14 I.R.B. 529 relating to a procedure to obtain a ruling regarding an organization’s status as being described in section 509(a)(3), is declared obsolete because its special procedures have been replaced by the procedures contained in Revenue Procedure 2012-10, 2012-2 I.R.B. 273. Announcement 2010-19 obsoleted.