Articles and Blogs

In an opinion filed January 5, 2016, the Illinois Fourth District Appellate Court ruled that the Illinois statute authorizing hospital property tax exemptions is unconstitutional. Until formal guidance is released from the Illinois Department of Revenue, this decision will likely create a period of uncertainty for hospitals that have secured or that are seeking... READ MORE

UPDATE – January 19, 2016: Although both houses of the New Jersey legislature passed the measure mentioned in this post, New Jersey Governor Chris Christie subsequently pocket vetoed the measure. Legislators at the state and local levels are reportedly continuing their efforts to craft a legislative solution to clarify hospital property tax exemptions in... READ MORE

Code Section 501(r) created a seismic shift in the tax exemption criteria for hospitals. Now that the IRS has unveiled the Final Regulations in this area of law, 501(r) compliance needs to become a focal point for tax-exempt hospitals, which must move swiftly to comply with the new requirements. As part of Hall Render’s... READ MORE

This article is Part Two in a series discussing ten of the most noteworthy pronouncements from the Final Regulations regarding Code Section 501(r). Part One is available here.  In this second part of the series, Hall Render addresses five areas of significant developments pertaining to the requirements for the financial assistance policy (“FAP”), limitations... READ MORE

Through the recently released Final Regulations, the IRS and Treasury Department have provided a road map for tax-exempt hospitals as they move toward full compliance with Code Section 501(r). As Hall Render previously reported, these Final Regulations track the prior guidance in many respects, but they also make numerous significant changes that hospital organizations... READ MORE

On December 29, the IRS released the long awaited final regulations under Code Section 501(r) applicable to hospital organizations exempt from tax under Code Section 501(c)(3). The final regulations indicate that they apply to tax years that begin after December 29, 2015, which will give all tax-exempt hospital organizations at least one year to come... READ MORE

This Health Care Tax News article is Part I in a series discussing the proposed regulations under Code Section 501(r). Since the Affordable Care Act (“ACA”) imposed four significant new requirements on tax-exempt Hospital Organizations, the IRS has offered various forms of guidance for complying with the new law, including two detailed sets of proposed... READ MORE

Tax-exempt organizations should be mindful that Form 990-series information returns are due on the 15th day of the fifth month after a tax-exempt organization’s tax year ends.  Thus, if your organization operates on a calendar year basis, then your due date is May 15th.  Furthermore, organizations with a June 30 year end that previously... READ MORE