TITLE

More-detailed bad-debt reporting is part of IRS' new Form 990

PUB. DATE
December 2007
SOURCE
Modern Healthcare;12/24/2007, Vol. 37 Issue 51, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article provides information on the new Form 990 to be issued by the U.S. Internal Revenue Service in 2008. Not-for-profit hospitals will have to report a lot more bad-debt information, and it will not be included in the community benefit reporting under the new form for tax-exempt organizations. Rather, not-for-profit hospitals will be asked to describe in some detail how they calculate bad-debt expense.
ACCESSION #
28377818

 

Related Articles

  • Preparing new tax forms to take extra time, cash. Greene, Jay // Crain's Detroit Business;6/30/2008, Vol. 24 Issue 26, p17 

    The article reports that according to several taxation experts in Michigan, nonprofit hospitals should be prepared to spend a lot more money and time to complete the 2008 U.S. Internal Revenue Service Form 990, a form related to the taxation of nonprofit organizations. Lori Boyce, tax director...

  • True to form. Evans, Melanie // Modern Healthcare;6/4/2007, Vol. 37 Issue 23, p6 

    The article talks about the reporting rules for tax-exempt organizations that will be released by the U.S. Internal Revenue Service in the middle of June 2007. The rules may require not-for-profit hospitals to quantify and disclose how much they are spending on charity care and other community...

  • New Forms, New Headaches. BETBEZE, PHILIP // HealthLeaders Magazine;Dec2008, Vol. 11 Issue 12, p44 

    The article focuses on the Form 990 and Schedule H form to be filled out by nonprofit hospitals filing tax returns with the U.S. Internal Revenue Service (IRS) beginning fiscal 2008 and 2009, respectively. Deloitte & Touche LLP national healthcare provider tax leader Jim Sowar states that the...

  • Paying taxes still tough, but filing them needn't be. Halverson, Guy // Christian Science Monitor;3/18/97, Vol. 89 Issue 77, p8 

    Reports that filing a tax return in the United States has become easier. Basic filing methods of the Internal Revenue Service (IRS); Brief outline of each method; Explanation of how the four basic forms are used; Advantages of filing taxes by computer. INSETS: Help if you can't pay.;Don't...

  • IRS Service Centers To Be Reorganized.  // National Public Accountant;Nov2000, Vol. 45 Issue 9, p10 

    Reports on the decision of the United States Internal Revenue Service (IRS) to reorganize its service center operations for filing tax returns. Expected completion of the center reorganization; Process by which taxpayers file tax returns; Overview of the service centers of the IRS.

  • New W-2 codes for `97.  // Practical Accountant;Feb97, Vol. 30 Issue 2, p22 

    Reports the usage of three codes on the 1997 Form W-2 in the processing of tax returns in the United States to designate amounts in box 13 for medical savings account contributions and others benefits.

  • How to avoid an IRS audit. Rosman, Janie L. // Westchester County Business Journal;1/17/94, Vol. 33 Issue 3, p13 

    Details on how to present information to the International Revenue Service (IRS) to avoid correspondence leading to an audit. Reasons for IRS to audit a return; Immediate response upon notification of an audit; Importance of the accuracy of the income tax returns; Inclusion of support...

  • (IRS) Agency Offers Help to Small Nonprofits Facing Tax-Exempt Loss.  // Aging News Alert;7/30/2010, p5 

    The article reports that the U.S. Internal Revenue Service (IRS) offers a one-time relief program for small nonprofits that failed to file required returns for 2007, 2008, and 2009.

  • (IRS) Agency Offers Help to Small Nonprofits Facing Tax-Exempt Loss.  // Aging News Alert;7/30/2010, p25 

    The article reports that the U.S. Internal Revenue Service (IRS) offers a one-time relief program for small nonprofit organizations that failed to file required returns for 2007, 2008, and 2009.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics