CAB and Gilardi & Co. Lead Efforts in Medical Resident FICA Claims

Oct 12, 2010, 06:00 ET from Charles A. Barragato & Co. LLP

NEW YORK, Oct. 12 /PRNewswire/ -- Charles A. Barragato & Co. LLP ("CAB") and Gilardi & Co. ("Gilardi"), the nation's preeminent claims administrator, are leading the efforts in the New York Metropolitan region to assist prominent medical centers as they seek to obtain FICA refunds for medical residents and themselves as employers. After a long-simmering IRS decision process, in March of this year the IRS finally granted approval for medical residents to be considered "students" for purposes of the FICA tax exemption provided in the tax code. To the extent medical centers have kept their tax years open under the statute of limitations, CAB and Gilardi are now facilitating the medical centers' communication with their former medical residents as they file the forms necessary to obtain FICA refunds from the IRS.  

"Our clients were looking for a cost-effective approach to obtaining these refunds, and CAB was the answer," says Angelo Pirozzi, partner-in-charge of the healthcare practice at CAB. Moreover, "to minimize fees for our clients, we reached out to a world-class claims administrator, Gilardi & Co." Daniel R. Burke, Gilardi's General Counsel, adds "our medical center clients like our turn-key solution, meaning from initial consent communications and web site FAQ's to, quite literally, issuing refund checks and all corrected wage and tax statements. Our client's efforts, therefore, will be minimized and of course at very fee-efficient levels, which clients appreciate."

"I am extremely pleased with the efforts of CAB and Gilardi. Their approach to assisting us in processing thousands of claims has been an enormous cost- and time-saver for our organization," adds Laurence A. Kraemer, Vice-President - Legal Affairs for the North-Shore-LIJ Health System.

About Charles A. Barragato & Co. LLP

Charles A. Barragato & Co. LLP ("CAB"), CPAs and Trusted Business Advisors, provides tax, accounting and business advisory services across major markets to a diverse clientele, including high net-worth individuals and affluent multi-generational families, real estate investors and developers, exempt organizations and healthcare providers such as hospitals, physicians and the proprietary businesses serving them.

For further information about CAB's full range services, please visit our new website or call (212) 371-4446 and ask for Angelo Pirozzi, managing health care partner.

About Gilardi & Co. LLC

Gilardi & Co. is a privately held, full-service claims administrator that has served the legal industry for more than a quarter-century. They are experts at every phase of claims administration, from notice and publication through final distribution and reporting.

For further information about Gilardi's full range of services, please visit the website or call (415) 458-3069 and ask for Dan Burke, general counsel and director of consumer and government affairs.


Angelo Pirozzi, Partner            




SOURCE Charles A. Barragato & Co. LLP