Get the free SCHEDULE H Form 990 2012 - piedmontorg

SCHEDULE H (Form 990) Hospitals Department of the Treasury Internal Revenue Service OMB No. 15450047 Complete if the organization answered Yes to Form 990, Part IV, question 20. Attach to Form 990.

How to fill out schedule h form 990

How to fill out schedule h form 990:

1. Begin by obtaining a copy of the Schedule H form 990 from the Internal Revenue Service (IRS) website or by visiting a local IRS office.
2. Familiarize yourself with the instructions provided with the form. These instructions will guide you through the process of filling out the schedule accurately.
3. Start by entering your organization's name, address, EIN (Employer Identification Number), and the tax year for which you are filing the form.
4. Provide information about the hospital facilities operated by your organization, including their names, addresses, and the type of services provided.
5. Report the total community benefit expenses incurred during the tax year. Community benefit expenses typically include uncompensated care, medical research, health professional training, and other programs that benefit the community.
6. Indicate whether your organization had a separate or joint operating agreement with one or more other organizations during the tax year. If applicable, provide the necessary details about these agreements.
7. Provide information about any joint venture arrangements your organization had during the tax year. Include the names and addresses of the joint ventures, along with the type of arrangement and your organization's ownership interest percentage.
8. Report any income received from controlled entities, such as related organizations, during the tax year. This includes income received from rents, royalties, dividends, and interest.
9. Calculate and report the excessive compensation paid to any officers, directors, or key employees of your organization. Excessive compensation refers to payments that are considered unreasonable or unnecessary based on the services provided.
10. Finally, sign and date the Schedule H form 990 to certify that the information provided is true, accurate, and complete to the best of your knowledge.

Who needs schedule H form 990:

1. Nonprofit hospital organizations that operate one or more hospital facilities are required to file Schedule H as part of their annual Form 990 filing.
2. This form is necessary to provide the IRS with information about community benefit expenses, joint venture arrangements, excessive compensation, and other financial details specific to nonprofit hospitals.
3. It helps the IRS assess whether the hospital organizations are fulfilling their tax-exempt purposes and operating in the best interest of the community.

Note: It is always advisable to consult with a tax professional or accountant who specializes in nonprofit taxes to ensure accurate completion of Schedule H form 990.

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What is schedule h form 990?

Schedule H form 990 is a form that must be filed by tax-exempt hospitals to provide information about their activities and programs.

Who is required to file schedule h form 990?

Tax-exempt hospitals are required to file schedule h form 990.

How to fill out schedule h form 990?

Schedule H form 990 should be filled out by providing detailed information about the hospital's activities, programs, and compliance with regulations.

What is the purpose of schedule h form 990?

The purpose of schedule h form 990 is to ensure transparency and accountability in the operations of tax-exempt hospitals.

What information must be reported on schedule h form 990?

Information about the hospital's community benefit programs, compliance with federal regulations, and financial data must be reported on schedule h form 990.