What is New in IRS Form 720?

What’s New Sections 4375 and 4376 patient-centered outcomes research fee.   The fee for policy and plan years ending on or after October 1, 2013, is $2.00, multiplied by the average number of lives covered under the policy or plan. The fee for policy and plan years ending before October 1, 2013, remains at $1.00, multiplied […]

Patient-Centered Outcomes Research fee – Form 720.

New research trust fund fees are due July 31 from health insurers and the plan sponsors of self-insured plans. The fee is paid annually using Form 720, Quarterly Federal Excise Tax Return.  The payment, paid through the Electronic Federal Tax Payment System (EFTPS), should be applied to the second quarter (in EFTPS, select Q2 for […]

Form 720, Quarterly Federal Excise Tax Returns online.

The Federal Excise taxes are reported by end of every quarter using the Form 720 – Federal Excise Tax Form. Electronic filing is also available to prepare and report 720 taxes through http://www.TaxExcise.com Federal Excise Tax: Tax Year 2014, 2nd Quarter ending June is due by July 31st and  you don’t have much time left […]