Although the community benefit standard has applied to tax-exempt hospitals for decades, leaders in Washington have recently been asking more questions about whether hospitals are providing enough community benefit to justify their tax-exemption and whether the reporting required by the IRS is accurately and consistently capturing the necessary information regarding this benefit. As a result of this increased scrutiny, tax-exempt healthcare organizations should consider taking a fresh look at their historical calculation and reporting of community benefit and consider any modifications that would more effectively capture the services they are providing to their communities.
Please join a panel of KPMG professionals for a webcast that will deliver a robust discussion of the community benefit requirement, including:
- A brief overview of what is included in community benefit guidance from the IRS;
- Summary of activity to date on the Hill with respect to the community benefit standard; and
- Tips on the ways hospitals commonly under-report and over-report community benefit on their Forms 990.