Hospitals and the 501(r) - American Institute of CPAs
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Hospitals are required to follow very specific rules of 501(r) and report compliance on the Form 990 Schedule H. And as part of this compliance, the IRS routinely reviews the returns of tax-exempt hospitals. In this session, we will dive into the rules and regulations of IRC 501(r). Afterwards, we will walk through the Schedule H, discuss the community health needs assessment and the potential fines associated with it, understand best practices in preparing and reviewing the Schedule, and assess areas where practitioners can provide added value to hospital organizations.
Learning Objectives:
Identify 501(r) an its regulations
Analyze the penalties associated with the CHNA and CHNA IS and how to avoid penalization