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Friday, May 13, 2016

Form 990 for Hospitals

Did you know that there are nonprofit hospitals that need to e-file IRS Form 990?

Let’s figure this out together!

What Are Not-For-Profit Hospitals?


A nonprofit hospital, or not-for-profit hospital, is a hospital facility which is set up as a nonprofit organization. Since they are frequently affiliated with a religious denomination, based on a charitable purpose, and are a traditional means of delivering medical care in the United States, they can apply for tax exempt status.

Why Is It Necessary to Complete Schedule H and Form 990?


Hospital organizations use Form 990 and Schedule H to provide information on the activities, benefits, and policies of its hospital facilities and other non-hospital health care facilities that it operated during the tax year.

What Information Does Schedule H Cover?

  • Hospital facilities directly operated by the organization.
  • Hospital facilities operated by disregarded entities of which the organization is the sole member.
  • Other health care facilities and programs of the hospital organization or any of the entities described in 1 or 2, even if provided separately from the hospital's license.
  • Hospital facilities and other health care facilities and programs operated by any joint venture treated as a partnership, to the extent of the hospital organization's proportionate share of the joint venture.

Now that you know, all the hospitals out there can get ready for the upcoming Form 990 deadline!

If you need any help, ask the e-filing professionals of ExpressTaxExempt. They’re available 24/7 by email at Support@ExpressTaxExempt.com.



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