Principles and Practices Board Comment Letter on Form 990-Schedule H Draft Instructions, June 1, 2008
In a comment letter to the IRS, the Healthcare Financial Management Association's (HFMA's) Principles and Practices Board strongly recommended that the Form 990 Schedule H instructions stress the crucial distinction between charity care and bad debt, as explained in the Board's Statement 15.
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Final Report of the HFMA's Chairman's Task Force on Tax-Exempt Status of Institutional Healthcare Providers
In 1988, HFMA formed a Chairman's Task Force on the Tax-Exempt Status of Institutional Healthcare Providers to identify what constitutes appropriate attributes of institutional healthcare providers that are tax-exempt. Their report identifies and discusses those attributes.
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Letter to IRS: HFMA Comments on the Draft Redesigned Form 990, September 14, 2007
HFMA submitted comments to the IRS regarding the draft redesign of Form 990 to achieve transparency and accountability while minimizing the administrative burden.
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Fact Sheet: Attributes of Tax Exempt Healthcare Organizations
Hospital may be exempt from paying taxes because they promote and address the specific health needs of their communities. In 1988, an HFMA task force identified ten major attributes of tax-exempt hospitals. This fact sheet discusses these ten attributes.
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Telling the Story of Community Benefit
Since healthcare providers are facing more challenges to their tax-exempt status, non-for-profit hospitals need to publicize their charity care policies and disseminate accurate data about their bad debt and charity care activities.
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Statement on the Attributes of Tax Exempt Hospitals: Ways and Means Committee Hearing, May 26, 2005
HFMA submitted comments on the May 26, 2005, hearing, "A Review of the Tax Exempt Hospital Sector."
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Comments on May 2005 hearing, "A Review of the Tax-Exempt Hospital Sector"
HFMA is pleased to submit comments for the record of the May 26, 2005 hearing, "A Review of the Tax-Exempt Hospital Sector."
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Loss-Trapping Rules Affect Not for Profit Leasing Arrangements
This briefing explains how under changes to “loss-trapping rules,” introduced by Section 470 of the American Jobs Creation Act of 2004, tax-exempt hospitals could lose the fixed priced purchasing option for certain leasing arrangements or face an increase in rents.
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