IRS announces Form 990 Schedule H required facility-by-facility reporting for 2011 tax years; releases draft and requests immediate comments for 2012 years

Exempt Organizations Tax Services Update

The IRS announced in Notice 2012-4 that certain Form 990 Schedule H Part V facility-by-facility reporting will be required beginning with 2011 tax years. At the same time, the IRS also released drafts of the 2011 Schedule H, Hospitals, and the 2011 Instructions for Schedule H (Form 990). PwC's preliminary review of these documents has identified several changes that should, if included in the final schedule and instructions, address some of the burden and other concerns expressed in public comments. Overall, the draft schedule and instructions are substantially similar to the schedule and instructions released earlier this year but made optional for 2010 tax years.

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