Problem on internal revenue service for tax exemption


Question: According to a Kaiser Family Foundation study, 56% of U.S. hospitals are non-profit. They routinely help patients of meager incomes apply for financial assistance or charity care, only report such costs to the Internal Revenue Service (IRS) for tax exemption, and never bother to send those patients any medical bills or refer them to collection agencies if they fail to pay. Group of answer choices True False

 

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Accounting Basics: Problem on internal revenue service for tax exemption
Reference No:- TGS03426866

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