What is Schedule H?
Schedule H (Form 990) is used by hospitals to report their community benefit activities and financial information. This form helps the IRS and the public understand how hospitals serve their communities, including charitable care, health improvement programs, and other services. By filling out Schedule H, hospitals demonstrate their commitment to providing care to those in need and ensure transparency about their operations. This information is vital for assessing the hospital's impact on public health and its compliance with tax-exempt status requirements.
What is Schedule H (Form 990) used for?
Schedule H is used by hospitals to provide detailed information about their community benefits. It helps to:
- to report community health improvement activities.
- to disclose financial assistance policies.
- to detail the costs of charity care.
- to explain efforts to improve access to care.
- to highlight participation in government programs.
How to fill out Schedule H from Form 990?
- 1
Gather required financial information, including revenue and expenses related to community benefit activities.
- 2
Identify the relevant sections of Schedule H to complete, focusing on patient care and community services.
- 3
Enter data accurately in the designated fields, ensuring all numbers reflect your records.
- 4
Review the form for completeness, checking all calculations and entries.
- 5
Consult IRS instructions for any specific guidelines or requirements related to your organization.
- 6
Save the completed form as a PDF for your records before submission.
Who is required to fill out Schedule H?
Schedule H (Form 990) is completed by hospitals and healthcare organizations for reporting charity care and community benefits. These groups include non-profit hospitals and certain government hospitals.
After completion, the form is used by the IRS and the public to assess the hospital's community impact and financial status.
When is Schedule H not required?
If a hospital is a government entity, it is exempt from this requirement. Additionally, if the hospital does not operate as a tax-exempt organization under section 501(c)(3) of the Internal Revenue Code, it does not need to complete this form. Always check with the IRS guidelines to confirm specific filing requirements.
When is Schedule H (Form 990) due?
It's the 15th day of the 5th month after the end of your organization’s tax year. For example, if your tax year ends on December 31, the form is due on May 15.
It’s important to file this form on time to avoid penalties. If you need extra time, you can request an extension, but make sure to follow the official guidelines from the IRS.
How to get a blank Schedule H?
To get a blank Schedule H, simply visit our platform and click on the "Fill Form" option. The form will load in the editor for you to fill out. I
f needed, you can also find Schedule H on the IRS website.
Do you need to sign Schedule H?
Schedule H, which pertains to hospitals, does not require a signature according to official IRS guidelines. However, it's always wise to double-check for any recent updates to ensure compliance.
Where to file Schedule H?
Schedule H must be filed with the IRS.
You can submit Schedule H by mail or electronically through authorized e-file providers. Make sure to choose the method that works best for your situation.
