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Not For Profit/Exempt Organizations Blog

Tag Archives: health reform

IRS Announces how Exempt Organizations can Claim New Health Care Tax Credit

Posted in IRS Filings

The IRS today has released a draft version of the form that small businesses and exempt organizations will use to calculate the small business health care tax credit when they file income tax returns next year. The IRS also announced how eligible exempt organizations — which do not generally file income tax returns — will claim the credit during the 2011 filing season.

Health Care Tax Credit is Now Available for Some Tax-Exempt Organizations

Posted in IRS Filings

Under the recently enacted health care reform legislation, many small businesses and tax-exempt organizations are now eligible for a new federal tax credit. This credit is designed to encourage small employers to offer health insurance for the first time or maintain coverage they already have.

Tax Exemption Changes Possible for Hospitals as Part of Health Reform

Posted in Healthcare Organizations

Section 9007 of the health reform bill passed by the Senate on December 24, 2009 contains specific requirements for Section 501(c)(3) hospitals wishing to retain their tax exemption. This development is of interest to all exempt organizations, not just hospitals, because it is another example of Congressional action imposing specific standards on particular types of exempt organizations.