Do
Not Wait!
Reporting Charity Care and
Community Benefit:
What Hospitals Need to Know Now to Prepare for Schedule H
Live
90-Minute Audio Conference
Scheduled
for Thursday May 15, 2008 from
1:30-3:00 pm ET
Contact:
Rebecca Stodolak
Phone: 800-516-4343
MANASQUAN, NJ -- April 15, 2008:
The
new IRS Form 990 Schedule H requires that nonprofit
hospitals report their finances and community benefits in much greater
detail. Up until now no formal guidelines were in place that
defined a minimum standard of giving.
Starting for the tax
year 2009, nonprofit hospitals will be required to collect and analyze
data and determine the value of both according to uniform standards for
the reporting of charity care and other community benefits activities.
Now that the draft instructions for Schedule H have been released,
hospitals should proactively prepare.
These new reporting
requirements will challenge hospital resources, both in the length of
time needed to complete the schedule and the expense
involved. But
the burden to hospitals will be greater if they
don’t start preparing right away.
Identifying any weaknesses in community benefit reporting now will
allow enough time to make needed improvements before the new IRS
requirements go into effect.
Join Health Resources
Publishing and
the experts from McDermott Will & Emery and Deloitte
Tax to
learn what steps you can take to prepare for filing Schedule
H. “Do
Not Wait! Reporting Charity Care and Community Benefit: What
Hospitals Need to Know Now to Prepare for Schedule H”
is scheduled for Thursday, May 15, from 1:30 – 3:00 pm EDT.
Presenters Elizabeth
M. Mills P.C. Partner McDermott Will
& Emery LLP, Nancy
Evetts, CPA Director
Deloitte Tax
LLP, and Melinda
Grady, CPA Senior Manager Deloitte Tax LLP
will discuss
topics that include:
Agenda
- Why community benefit and
hospital tax exemption is under scrutiny
- Tests for tax-exemption
- How to measure community
benefit under the new IRS requirements
- Ways to fulfill the new requirement
- How to ensure your community benefit numbers
are
defensible
- Review of the new IRS
reporting standards and draft instructions for Schedule H
- How to best meet the new
reporting demands
- Identify key risk areas to provide accurate
and
complete
information
- Do bad debt expense and
Medicare shortfalls count toward community benefit?
- The benefits of measuring community benefit in
2008
- How Schedule H can be used as a PR tactic to
describe
exempt accomplishments and mission
- Practical examples of reporting for very
different,
real-life situations
- Live question and answer
session with out expert panel
To register for “Do Not Wait! Reporting Charity Care and
Community Benefit: What Hospitals Need to Know Now to Prepare for
Schedule H" visit: http://www.healthresourcesonline.com/edu/communitybenefit.htm,
call (800) 516-4343 or e-mail orders@healthresourcesonline.com
Cost of the conference is $247 per site if registered by May 9 (and
$297 after). A CD will also be available for purchase for those unable
to attend the live conference. For further details and other pricing
options http://www.healthresourcesonline.com/edu/communitybenefit.htm.
Address: The Managed Care Information Center, 1913 Atlantic Ave., Suite
F5, Manasquan, NJ 08736; (732) 292-1100, www.themcic.com |
