IRS to Give Non-Profit Hospitals Slack on Community Needs Assessments

The IRS released a new proposed rule loosening penalties on the health law's requirement for non-profit hospitals to submit a community needs assessment, granting some waivers for minor infractions and giving hospitals a window of time to repay taxes if they don't meet stiffer criteria to keep their tax exemptions.

In the proposed rule, the tax collecting agency agreed it would not penalize small errors in community needs filings with excise taxes capped at $50,000 for inadequate community needs reports.

More Articles on the IRS and Non-Profit Hospitals:

Moody's: Hospitals Getting Innovative to Cope With Reform
Sen. Grassley Targets Duke, UNC, Carolinas Hospitals for Use of Discount Drug Program
Is Your 340B Program Prepared for an Audit?

Copyright © 2023 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars