BarbriSFCourseDetails
  • videocam On-Demand
  • card_travel Health
  • schedule 90 minutes

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

$297.00

This course is $0 with these passes:

CLE
ALL
  1. keyboard_arrow_leftBack
BarbriPdBannerMessage

About the Course

Introduction

This CLE course 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.

Presented By

Michael N. Fine
Partner
Wyatt Tarrant & Combs, LLP

Mr. Fine's practice spans the full range of nonprofit and tax-exempt organization legal issues, advising public charities, private foundations, boards, and donors. He regularly assists clients with tax compliance and corporate planning matters including executive compensation, intermediate sanctions, joint ventures, affiliation strategies, reorganizations, governance, charitable contributions, captive insurance, and obtaining tax exemption from the IRS. He is a frequent speaker and author, and has written numerous publications including articles on Section 501(r)’s requirements for tax-exempt hospitals and a guide on establishing "Friends of" organizations within the United States.

expand_circle_down Expand to View Full Bio expand_circle_up Collapse Bio
Elizabeth Mills
Shareholder
Elizabeth M. Mills, PC
Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.


  • Live Online


    On Demand

Date + Time

  • event

    Wednesday, January 31, 2018

  • schedule

    1:00 PM E.T.

  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

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?