True to form. The IRS' updated reporting rules for tax-exempt organizations could require full disclosure on community benefits, charity care.
By mid-month, the IRS expects to unveil extensive changes to its Form 990 reporting rules for not-for-profits, which could further affect current disclosure or nondisclosure of tax-exempt hospitals' community benefits and charity care. Most hospitals welcome the revisions, but the legislative process to implement those reforms could be lengthy, says healthcare attorney Bernadette Broccolo, left.
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D002608:Charities / Q000191:economics* / Q000331:legislation & jurisprudence; D003159:Community-Institutional Relations / Q000191:economics*; D005568:Forms and Records Control; D006788:Hospitals, Voluntary / Q000191:economics* / Q000331:legislation & jurisprudence; D009939:Organizations, Nonprofit / Q000191:economics* / Q000331:legislation & jurisprudence; D019464:Tax Exemption / Q000331:legislation & jurisprudence*; D014481:United States; D037041:United States Government Agencies