Developing your contracts and fair market value Spidey sense for compliance officers, Part 2

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In part one of this article, I focused on the various contracting arrangements and potential issues to be on the lookout for, for each respective type of contract.[1] I also went over red flags that may appear in a contracting arrangement—regardless of type—and how, depending on what information is or is not present, these red flags may lead to a “shell company.” Shell companies aren’t always bad, but be honest, don’t you think of someone doing something shady when you hear or read the term “shell company?”

In this second part of the article, I will focus on fair market value (FMV) and conclude by looking at the “medically impossible day.”

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