Tag Archives: tax-exempt hospitals

Tax-Exempt Hospitals: IRS Issues Proposed Regs Under IRC 501(r) Regarding Community Health Needs Assessments

In response to Congressional concerns that there was little to distinguish a for-profit hospital from a tax-exempt nonprofit hospital, Congress enacted IRC 501(r) which mandates that tax-exempt nonprofit hospitals: 1.        Conduct community health needs assessments; 2.        Establish and disclose financial assistance policies; 3.        Limit charges to needy individuals; and 4.        Follow reasonable billing and collection […]

For more information please visit www.omwhealthlaw.com or click on the headline above.

Read full article

IRS Issues Proposed Regulations for Section 501(c)(3) Tax-Exempt Hospitals Regarding the Community Health Needs Assessment and Other Requirements of Section 501(r)

On April 5, 2013, the Internal Revenue Service (“IRS”) publishedproposed regulations (“Proposed Regulations”) providing guidance regarding certain aspects of Section 501(r) of the Internal Revenue Code (“Code”), which establishes various requirements for hospitals to qualify for federal income tax exemption under Code Section 501(c)(3). Comments are due to the IRS by July 5, 2013. This alert highlights the key issues addressed in the Proposed Regulations, as follows:[1]

Read full article