IRS Releases 2011 Form 990

Tags: Form 990 | hospital taxes | IRS | non-profit hospital | tax-exempt hospital

The Internal Revenue Service recently released the 2011 version of the Form 990 for tax-exempt organizations, and Schedule H — which is filed by hospitals — has several major changes, according to a McGuireWoods news release.

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Changes within the 2011 Schedule H include the following:

•    Hospital and health systems must list each of its hospital and non-hospital healthcare facilities, including those operated indirectly through a disregarded entity or a joint venture.

•    All hospital organizations must fill out the questions in Part V that deal with the organization's financial assistance policy, billing and collections policy, emergency care policy and policy regarding individuals eligible for financial assistance.

•    Community health needs assessment questions in Part V line 1-7 are optional for any tax year beginning before March 24, 2012.

Tax-exempt hospitals that are on a calendar-year taxable year must submit their Form 990 by May 15, 2012. More information on the Form 990 can be found here.

Related Articles on Tax-Exempt Hospitals:

IRS Issues "Early Release" Draft of Schedule H; AHA Calls Form Burdensome

What's Next for Illinois Non-Profit Hospitals and Their Tax-Exempt Statuses?

IRS Issues Second Draft of Schedule H Tax Form, Seeks Additional Comments

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