Industry Insights

Final 501(r) Regulations Issued

December 2014

The IRS has issued final regulations providing guidance on requirements for charitable hospital organizations added by the Patient Protection and Affordable Care Act. These regulations took effect December 29, 2014; charitable hospitals will be required to comply with the final regulations for all tax years beginning after December 29, 2015. Hospital organizations will have at least one year to comply with the final regulations. 

BKD will issue a series of articles in the coming weeks with more information about significant requirements outlined in the final regulations. We’ve also scheduled complimentary webinars on February 12 and March 3 to review the final 501(r) regulations; look for invitations to these events in the near future.

If you have any questions about the final 501(r) regulations, contact your BKD advisor.

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