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 the Quarter under Tax Period on the “Business Tax Payment” page).

What is NEW in Form 720?

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 by the average number of lives covered under the policy or plan.

Call us at +1(866) 245 – 3918 or simply write to us support@taxexcise.com to prepare and report the Patient-Centered Outcomes Research fee online using www.TaxExcise.com

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