While most tax exempt organizations do not regularly pay income tax to the Internal Revenue Service (IRS), it does not mean that the IRS doesn't care about their tax compliance. For example, all tax exempt hospitals are required to be in compliance with the rules under 501(r) related to community needs assessments, financial assistance, and billing and collection policies. Failure to comply can cause the organization issues including monetary penalties and the potential for loss of tax exempt status.
In this session, we will share real life experiences from actual audits related to 501(r) compliance, review the areas of primary focus, discuss real life struggles you may be having in properly implementing the 501(r) rules, and provide suggestions on what you should do to address any exposures you may have. In addition, we will discuss other areas of tax compliance and what you can do to minimize your risk.
Presenters: Kim Hunwardsen, Director of Exempt Organization Tax Practice Eide Bailly, LLP
Kim Hunwardsen, Director of Exempt Organization Tax Practice Eide Bailly, LLP
Kim Hunwardsen leads Eide Bailly's Exempt Organization Tax Practice. During her 24 years serving non-profit and health care organizations, she has developed an extensive understanding of the issues affecting tax-exempt organizations. Kim provides tax consulting, planning and compliance services to a variety of organizations helping them to develop and maintain tax strategies to ensure and maximize the benefits of tax-exempt status. She has assisted organizations across the country with compliance with the new standards for tax exemption under 501(r) including conducting community health needs assessments. Kim speaks regularly to nonprofit and health care groups throughout the country on issues related to their tax-exempt status. In addition, Kim is part of Eide Bailly's National Tax Office.
Date - 12.1.2017
Start Time: 1:00
End Time: 2:30
These are live-group seminars. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Jason McKeever at 701.476.8773.