Friday, December 16, 2011

IRS Issues Notice on E-Filing and Hospital Reporting

The IRS issued Notice 2012-4 today advising tax-exempts about its two-month suspension of its Modernized E-file (MEF) operations for 990 filers.  The MEF system will not be available from January 1, 2012 through February 29, 2012 for electronic filing of Forms 990, 990-EZ, 990-PF and 1120-POL information returns due to the implementation of changes to IRS programs and systems for the 2011 tax year. The 990-N e-postcard filing system will not be affected by the temporary suspension of the MEF system.  Because of this suspension on electronic filing, the IRS is granting an extension of time to file to March 30, 2012 to organizations whose due date or first extended due date for returns is January 17, 2012 or February 15, 2012.

The notice also addresses tax-exempt hospitals and filing requirements.  The IRS released a draft version of the 2011 Form 990, Schedule H, Hospitals and its instructions.  Input is sought on how to improve the Schedule.  Nonprofit hospitals required to file Form 990 and Schedule H must complete all parts and sections of Schedule H for the 2011 tax year except for lines one through seven of Part V, Section B which relate to community health needs assessments. These lines will remain optional for tax year 2011 and are required only for tax years beginning after March 23, 2012. Hospital organizations must also attach a copy of their most recent audited financial statements to their tax year 2011 Form 990.


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