EO Tax Journal

Gerry Griffith represented healthcare tax lawyers at this week’s forum on community health needs assessments hosted by the Centers for Disease Control and Prevention and the Public Health Institute in Atlanta. Thanks to Gerry’s help, I have his prepared remarks as well as his accompanying slides.

Section 501(r) of the Code was enacted as part of last year’s Affordable Care Act, and imposes additional requirements on tax-exempt hospitals, including conducting periodically a community health needs assessment, called CHNA for short. While section 501(r) applies to hospitals, its impact may eventually be sector-wide. That’s because in section 501(r) Congress wants hospitals to show that they deserve continued tax-exempt status. The same could be asked of other section 501(c)(3) organizations. Congress may seek to demand that colleges and universities show why they deserve continued tax-exempt status. Similarly for charities classified under section 509(a)(2), which some critics say are mostly quasi-businesses dressed up as charities. In addition, some argue that section 509(a)(1) charities that only receive 10% (or slightly more) of their support from the public are private foundations dressed up as charities. So section 501(r) could be a bellwether of where Congress is going vis-a-vis charities. Continue…

1 – This week’s The Economist

2 – IRS Report on Post-Issuance Tax-Exempt Bond Compliance Released Continue…

1 – So What’s the Hurry?

5 – A Review of Current College and University Developments Continue…

1 – Form 990 Developments

4 – Gunderson to Leave Council on Foundations on September 1 Continue…

The bane of all of us – computer problems  – has struck, so I’m sending out what I can today in reconstituted form. As you’ll see, we have two important developments.

1 – IRS Says Never Mind