Dual Status Hospitals: Beware of IRS Compliance Audits

Dual Status Hospitals: Beware of IRS Compliance Audits

By Discovery Lean Six Sigma

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Ignorance will not lead to bliss

Is your governmental hospital exempt under Section 501(c)3? If you have a 403(b) plan, the answer is yes; and even if you don’t, you need to check.

The Internal Revenue Service (IRS) is ramping up compliance audits of governmental hospitals that are exempt under 501(c)3 (dual status). The circumstances leading up to now are important because the implications can be difficult to understand.

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Original: https://www.qualitydigest.com/inside/healthcare-article/dual-status-hospitals-beware-irs-compliance-audits-070517.html
By: Ryan E. Day
Posted: July 5, 2017, 7:02 pm

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