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Internal Revenue Service
Latest Headlines
Latest Headlines
AHA, HFMA: Withdraw Schedule H in nonprofit reporting
New rules that change the way nonprofit hospitals report to the IRS are burdensome and do not comply with the law, said the American Hospital Association and the Healthcare Financial Management Association, who called for withdrawal of Schedule H.
Scammers imprisoned after stealing IDs of Medicaid recipients
Two fraudsters responsible for a multi-million fraud ring to steal the identities of Medicaid beneficiaries, were sentenced this week to face more than 25 years in prison and to pay back the Internal
Stress return on investment to maximize charity benefits
Atlanta-based Jackson Healthcare has released a lengthy eBook providing tips on how hospitals and related providers can maximize their charity services. The release of the 56-page eBook comes at a
West Penn posts widening losses
Pittsburgh's West Penn Allegheny Health System has reported a loss of $55.9 million for the first half of a fiscal year that ends June 30, according to local news reports. The financial results,
Hospitals ask OMB to revise 'onerous' tax form
Various hospitals groups are grumbling about changes to the Schedule H tax form as part of the Affordable Care Act, reported AHA News Now. According to letters sent to the Office of Management and
Hospitals reveal community benefits to discount tax-exemption critics
Amid increasing scrutiny of tax-exempt organizations, the Illinois Hospital Association yesterday revealed that nonprofit hospitals in the state contributed $4.6 billion in community benefits in the
Hospitals ask OMB to intervene in new tax form
The Internal Revenue Service (IRS) has released new draft regulations for the revised Schedule H that include few recommended changes from hospitals, prompting the hospital industry to ask for
Congress grills IRS on hospital tax-exemptions
The Internal Revenue Service (IRS) has delayed some of its reporting requirements for not-for-profit hospitals, spurring some queries from Congress about the agency's actions, reports The New York
IRS to review nonprofit hospitals in tax-exempt ACOs
The Internal Revenue Service (IRS) will review accountable care organization (ACO) arrangements on a case-by-case basis, partly aimed at ensuring that tax exemptions go to legitimate nonprofit
IRS continues probe into nonprofit hospitals' charity care
A new report by the Internal Revenue Service (IRS) said the agency had conducted nearly 600 reviews of tax-exempt hospitals and the community benefits they provide through the end of April. The IRS
