Tax-exempt Status
On June 22, the Internal Revenue Service (IRS) released long-anticipated proposed regulations implementing three of the four new requirements created by the Patient Protection and Affordable Care Act (ACA) for tax-exempt hospitals...
On October 20, CMS released a final regulation (ACO rule) governing the creation of accountable care organizations (ACOs) under the Medicare Shared Savings Program (ACO program). This rule is described in detail in a companion regulatory advisory.
On February 23, the Internal Revenue Service \(IRS\) released a revised Schedule H with Instructions, and announced a mandatory three-month extension for filing IRS Form 990 for certain filers.
In August 2008, the Internal Revenue Service (IRS) released final instructions for the redesigned Form 990 and 16 related schedules, including Schedule H–Hospitals, designated solely for tax-exempt hospitals. Except for the required reporting of "facility" information, Schedule H is optional for…
The Internal Revenue Service \(IRS\) on December 20 released a final revised version of Form 990 and 16 related schedules. While there are many improvements to the Form and schedules from the June draft, hospitals will need to review these documents carefully to determine which of the schedules…
The Internal Revenue Service \(IRS\) recently mailed to more than 200 tax-exemption organizations a questionnaire concerning post-issuance bond compliance and record retention practices.
The Internal Revenue Service today released the long-promised draft revision of IRS Form 990.
In June, a group of plaintiffs' lawyers began filing class-action suits in several states against not-for-profit hospitals and health systems, alleging a tie between the hospitals' tax-exempt status and their handling of billing and collections for the uninsured. We believe the cases are baseless,…