With so many details and implications to understand and address under section 501(r), it can be a difficult endeavor to translate into specific action steps. To ensure you maintain your tax-exempt status and avoid penalty taxes, we have developed a precise implementation checklist to address each of the key themes of the health care reform law.
Use our “10-Step Checklist To Maintain Your Tax Exempt Status” to measure your progress in responding to these changes while learning:
Failure to comply with the effects of 501(r) could impose a $50,000 fine/excise tax for each year of failed compliance. Don’t wait until it’s too late!