posts tagged as section 501(r)
It’s Time to Get 501(r) Compliant
As scrutiny of tax-exempt hospitals continues to increase, it’s critical that hospitals adapt to the latest regulations—particularly those that are about to go into effect in the fiscal year beginning July 1.
501(r) Penalties Depend on Response to Mistakes
There has been significant discussion this year about new provisions outlined in Section 501(r) of the Internal Revenue Code that nonprofit hospitals must meet to retain their tax-exempt status. The key components are detailed in a...
Hospital Property Tax Exemptions on the Radar
Tax-exempt hospitals are entitled to a multitude of federal and state tax benefits, with an estimated total annual value of $12 billion. With numbers this large, many jurisdictions are calling for a return benefit in order to qualify for...