Nonprofit hospitals are supposed to earn their tax-exempt status by providing charity care and other service to the community. But they've had wide discretion in just how they fulfill and document their charitable activities. Now the Internal Revenue Service is asking them to get specific on their tax forms. Starting with their 2009 forms, many of which are only becoming public this year, hospitals were required to complete Schedule H, detailing information on the unreimbursed "community benefit" they...Friday, 6 May 2011
From the DataCenter: Hospital Charity Care
Nonprofit hospitals are supposed to earn their tax-exempt status by providing charity care and other service to the community. But they've had wide discretion in just how they fulfill and document their charitable activities. Now the Internal Revenue Service is asking them to get specific on their tax forms. Starting with their 2009 forms, many of which are only becoming public this year, hospitals were required to complete Schedule H, detailing information on the unreimbursed "community benefit" they...
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