The new IRS Form 990 for tax-exempt organizations asks for more information than the government previously collected, and it raises a number of questions specifically as it applies to s. The form includes a new Schedule H, on which nonprofit s report on activities that benefit their communities. The form and its schedules ask for specific information about governance, organizational leaders/directors and their compensation, related organizations, and the institutions’ conflict-of-interest and other governance policies. s’ finance directors and compliance officers will need to work closely with the organization’s governing board and corporate counsel to understand the organization’s compliance policies and ensure that information is disclosed properly on the form.
A panel of industry leaders and governance experts is being assembled by the Knowledge Congress to discuss compliance policies and Form 990 reporting. Their presentation will be aired in a LIVE two-hour Webcast.
Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Conference
Recommended CLE/CPE Hours: 2.0
(Please note, your State Bar or Accounting Board will make the final determination with respect
to continuing education credit.)
Advance Preparation: Print and review course materials
Course Code: 093875
T.J. Sullivan
Partner
Mindy Hatton
Senior Vice President and General Counsel
Richard D. Sanders
Partner
Lucille M. White
Partner Exempt Organization Tax Services
T.J. Sullivan, Partner, Drinker Biddle
- The community benefit standard for hospital tax exemption
- Congressional concerns about charitable organizations, including hospitals
- How we got to the new Form 990
- Governance questions
- Telling your story
Richard D. Sanders, Partner, Balch & Bingham LLP
- Review of the IRS Form 990, including the new guidance and instructions issued by the IRS.
- The discussion will introduce the new requirement for reporting a hospital‘s community benefit.
- The session will outline the impact of the new Form 990 on reporting tax-exempt financing as part
of a hospital’s community benefit.
Mindy Hatton, Senior Vice President and General Counsel, American Hospital Association
- Why the IRS’ report on its compliance check project provides few, if any, insights into hospital community benefit practices
- The challenges in hospital 990 reporting:
- Confusion ranging from mild to profound on Schedule H reporting
- Special challenges for hospital systems
- Some suggestions for tackling Schedule H reporting next year
Lucille M. White, Partner Exempt Organization Tax Services, Ernst & Young LLP
- Charity care - financial versus tax reporting
- Schedule H
- Aggregate Reporting
- Restructuring Considerations
- Filing Group Returns
Healthcare Finance:
- CFOs
- Finance Directors
- Internal Controls
This is a must attend event to anyone interested in having full understanding about Form 990 for Hospital Reporting.
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A