The new tax form for not-for-profit hospitals that requires the spelling out of bad debt, charity care and executive pay is going through one more review, according to an announcement last week by the Internal Revenue Service. The agency said it is giving hospitals until June 1 to comment on its draft instructions for Form 990, Schedule H for tax-exempt organizations to ensure the instructions are clear to the firms that will use the form beginning with their 2009 returns.
The IRS announcement and a link to an email comment letter can be found on its Web site.
The revisions to Form 990 and the addition of Schedule H were born largely out of Iowa Republican Sen. Charles Grassley’s demand that not-for-profit medical providers release more details about their charity care and debt collection practices. Grassley and critics of the tax breaks not-for-profit hospitals receive have questioned if non-profit hospitals provide enough free or discounted care to justify the billions they write off on their taxes.
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