Notices 2014-2 and 2014-3 - Guidance for tax-exempt hospitals under section 501(r)  

December 30: The IRS today released advance copies of Notice 2014-2 and Notice 2014-3 as guidance for tax-exempt hospitals under section 501(r) and specifically proposing procedures for charitable hospitals to correct and disclose failures to meet their section 501(r) requirements.
  • Notice 2014-2 [PDF 14 KB] confirms that tax-exempt hospital organizations can rely on proposed regulations under section 501(r) published on June 26, 2012, and April 5, 2013, pending the publication of final regulations or other applicable guidance.


  • Notice 2014-3 [PDF 28 KB] contains text of a proposed revenue procedure that provides correction and disclosure procedures under which certain failures to meet the requirements of section 501(r) will be excused for purposes of sections 501(r)(1) and 501(r)(2)(B). The IRS has requested comments concerning this proposed revenue procedure; comments must be submitted by March 14, 2014.


For more information, contact:


Rick Speizman, Partner-in-Charge of KPMG's Washington National Tax Exempt Organizations Tax group

+1 (202) 533-3084





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