Tax-exempt Status
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,…