Finanse publiczne · 15/08/2013

Requirement of a Section 4959 Excise Tax Return and Time for Filing the Return

The IRS is issuing regulations requiring hospital organizations to file Form 4720, 'Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code,' by a specified date, if they fail to meet community health needs assessment requirements for any taxable year. The regulations also outline the due date for these returns.