Not-For-Profit Hospital Tax-Exempt Status Under Government Scrutiny: § 501(r) Compliance
Recording of a 90-minute CLE webinar with Q&A
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.
Outline
- IRC §501(r) requirements to maintain tax exempt status
- How the IRS enforces Section 501(r)
- 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
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
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.
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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
Ms. Mills’ practice is focused both on healthcare organizations and tax exemption issues for not-for-profit organizations. She addresses regulatory and transactional issues for all types of health care providers and advises as changes to their particular tax exemption standards are proposed, implemented and litigated. In addition, Ms. Mills assists tax-exempt organizations in addressing tax compliance and governance issues and represents organizations being audited by the IRS, new organizations obtaining tax exemption from the IRS, and existing organizations addressing changes in their activities or structure. She speaks and writes frequently on tax exemption matters, particularly for health organizations.
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