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Form 990 (Schedule H) Carmel Indiana: What You Should Know
Oct 20, 2025 β For organizations that operate charitable medical centers, include an independent external auditor and provide the auditor's report on the charitable hospital's audited financial statement. Oct 28, 2025 β Sections 501(r) & 501(c)(3) are added to the tax code. Section 501(r) applies to individuals, section 501(c)(3) to organizations, and a hospital organization may operate neither section 501(r) nor section 501(c)(3) activities. Oct 28, 2025 β Section 501(r) allows an organization that is tax-exempt under section 501(c)(3) to operate charitable medical centers. However, in order to qualify as a charitable medical center, it must meet specific requirements and complete certain reports. Section 501(c)(3) does not apply to a tax-exempt hospital, but hospitals must pay self-employment taxes and Medicare taxes in certain situations, including when they are organized for tax avoidance purposes. Oct 28, 2025 β Organizational status under section 501(c)(3). A hospital organization must use its income and assets only to meet certain charitable purpose purposes. The organization must: 1. Be organized for charitable purposes; and 2. Not use the income or assets of the organization for non-charitable purposes, and 3. Comply with the requirements required to establish the organization's tax-exempt status. If a hospital organization does not meet these requirements, it may be considered to be operating a non-charitable activity. This may result in an automatic reduction in the tax-exempt organization's annual contribution deduction for any taxable year ending in the future after September 30, 2019. Oct 28, 2025 β A hospital organization does not have a section 501(i) status. Oct 28, 2025 β A hospital organization that does not meet the requirements for section 501(c)(3) status must file a Form 990 with the IRS. Failure to file the form could lead to penalties of 2,500 per transaction for each failure within a tax year. Oct 28, 2025 β For tax years 2025 through 2025, for certain hospitals an IRS Form 990-EZ must be filed. Nov 9, 2025 β Information about Schedule H (Form 990) and its instructions is at. 2025 Return St. Vincent Carmel Hospital, Inc.
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