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Health Care Reform Intensifies Tax-Exempt Hospital Compliance Requirements

Editor's Note : The following is an excerpt from Tax Planning for Partners, Partnerships and LLCs § 15.03[3] (Matthew Bender). ... The Patient Protection and Affordable Care Act, P.L. 111-148 (March 23, 2010) enacted new IRC Section 501(r) , which provides specific requirements for hospitals...

Health Care Reform Intensifies Tax-Exempt Hospital Compliance Requirements

The Patient Protection and Affordable Care Act, P.L. 111-148 (March 23, 2010) enacted new IRC Section 501(r) , which provides specific requirements for hospitals that wish to receive or maintain tax-exempt status under IRC Section 501(c)(3) . [ See Notice 2010-39, 2010-1 C.B. 756 (I.R.S. 2010) .] The...

Health Care Reform Intensifies Non-Profit Hospital Compliance Requirements

The Patient Protection and Affordable Care Act, P.L. 111-148 (March 23, 2010) enacted new IRC Section 501(r) , which provides specific requirements for hospitals that wish to receive or maintain tax-exempt status under IRC Section 501(c)(3) . [ See Notice 2010-39, 2010-1 C.B. 756 (I.R.S. 2010) .] The...

IRS § 403(b) Termination Guidance Leaves Some Issues Unresolved

Did you ever wonder what your friends with jobs in the public sector are doing with respect to their retirement? IRC Section 403(b) permits public schools and tax-exempt organizations that qualify under IRC Section 501(c)(3) to establish tax-sheltered annuities or custodial account plans for their employees...

Proposed Regs Clarify Charitable Hospital Organization Requirements

The Patient Protection and Affordable Care Act added IRC Section 501(r) , which imposes detailed conditions on a hospital organization seeking exemption under IRC Section 501(c)(3) . In addition to satisfying the requirements of IRC Section 501(c)(3) , hospital organizations must also meet the: community...