Not-For-Profit Hospital Tax-Exempt Status Under Government Scrutiny: § 501(r) Compliance

Recording of a 90-minute CLE webinar with Q&A


Conducted on Wednesday, January 31, 2018

Recorded event now available

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Program Materials

This CLE webinar will provide guidance to counsel for not-for-profit (NFP) hospitals on proactive measures to protect the hospital’s tax-exempt status. The panel will discuss requirements to maintain tax-exempt status and recent enforcement trends.

Description

The IRS has ramped up enforcement efforts on ensuring that hospitals claiming tax-exempt status are qualified. The Service recently published its letter revoking a hospital’s tax-exempt status for failing to comply with IRC §501(r) requirements. The IRS 2017 work plan includes more focus on §501(r) compliance.

The IRS is reviewing all tax-exempt hospital §501(r) compliance and determining which hospitals call for further examination. Consequently, all §501(c)(3) hospitals should review and ensure their compliance with §501(r) requirements.

Failure to comply could result in a hospital losing its §501(c)(3) exemption as well as its ability to use certain employee benefit plans. Further, the hospital may be subject to other taxes and precluded from receiving tax-deductible contributions or tax-exempt bonds.

Listen as our authoritative panel examines tax requirements for tax-exempt status and offers best practices for hospital counsel to ensure compliance with those requirements to maintain tax-exempt status. The panel will also review recent IRS actions addressing §501(r) compliance.

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Outline

  1. IRC §501(r) requirements to maintain tax exempt status
  2. How the IRS enforces Section 501(r)
  3. Best practices for hospitals to ensure IRS compliance and maintain tax-exempt status

Benefits

The panel will review these and other key issues:

  • How can NFP hospitals balance the requirements to maintain tax-exempt status while managing the rising costs of charity care?
  • What steps should hospitals take to ensure compliance with state and federal law requirements and avoid government penalties or civil liability?
  • How is the IRS increasing enforcement efforts?

Faculty

Fine, Michael
Michael N. Fine

Partner
Wyatt Tarrant & Combs

Mr. Fine's practice spans the full range of nonprofit and tax-exempt organization legal issues, advising...  |  Read More

Mills, Elizabeth
Elizabeth M. Mills
Shareholder
Elizabeth M. Mills

Ms. Mills’ practice is focused both on healthcare organizations and tax exemption issues for not-for-profit...  |  Read More

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