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.

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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:

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