For the latest information about developments related to Form 4720 and its instructions, such as legislation enacted after they were published, go to www.irs.gov/form4720.

In Part I, line 12 is now used to enter the tax imposed by new section 4959 on a hospital organization that fails to meet the community health needs assessment requirements under new section 501(r)(3). Also, Schedule M was added to Form 4720 to enter information about the hospital facility, the nature of the failure, and the computation of the tax.