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IRC Section 501(r) Requires Tax-Exempt Hospitals Make Modifications by December 29, 2015

First few Article Sentences

The largest change to tax exemption for hospitals in more than 40 years - under Section 501(r) of the Internal Revenue Code - will become mandatory for hospitals for tax years beginning after December 29, 2015.

The long-awaited final regulations, which took nearly five years to complete, largely mirror and clarify the proposed regulations, with minor modifications, and are consistent with changes affecting the health care industry overall.


Fidler, Angie

 

Moss Adams LLP

Tax-Exempt Hospitals

September 1, 2015

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