Tax-exempt hospitals will be required in 2011 to respond to questions on financial assistance policies, billing and collection practices, emergency
medical care and individuals eligible for financial assistance. See IRS Notice 2012-4 dated Dec. 16, 2011. Responding to questions on these issues
was optional for 2010 but must now be answered for 2011. The Draft Schedule H and accompanying instructions, issued Dec. 15, can be found on the
The draft instructions have been revised to more clearly follow the statutory provision of Section 501(r) of the IRC. Several of the changes relate to
billing and collections. Tax-exempt hospitals with January filing due dates will have until March 30, 2012, to file the annual return. This extension
applies to organizations with fiscal years ending Aug. 31 or Sept. 30, 2011. It also applies to those organizations that had already received an
initial three-month filing extension and now have an extended filing deadline that falls on Jan. 17 or Feb. 15, 2012. Because a majority of tax-exempt
hospitals operate on a calendar-year basis, they continue to have a May 15, 2012, filing deadline.
McGuireWoods attorneys are available to assist nonprofit hospitals on the filing of information required by the Internal Revenue Service as a result of
the enactment of Section 501(r) and the Patient Protection and Affordable Care Act. Please contact Milton Cerny at firstname.lastname@example.org.
McGuireWoods LLP Healthcare Group
McGuireWoods offers a knowledgeable team of more than 50 lawyers experienced in serving the needs of the
healthcare, pharmaceutical, life sciences and
medical devise sectors. We understand the daunting array of legal and business issues our clients face, and we work to find effective solutions to
their daily challenges.
McGuireWoods LLP Nonprofit & Tax-Exempt Organizations Group
Our nonprofit and tax-exempt organizations lawyers provide advice and guidance that help charities and other nonprofits to operate more efficiently and
effectively in today’s increasingly complicated, regulated and competitive environment.