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 […]

The Patient-Centered Outcomes Research Trust Fund Fee

The Patient-Centered Outcomes Research Trust Fund Fee: PCORTF fee will be collected by the IRS for the first time on July 31,  2013. All questions about this fee should be referred to the Internal Revenue Service. PCORI is funded through the Patient-Centered Outcomes Research Trust Fund (PCORTF), which was authorized by Congress as part of […]

Patient-Centered Outcomes Research Fee

Good News is that TaxExcise.com now supports reporting Patient-Centered Outcomes Research Fee online! 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 […]

What is new in Form 720?

IRS tax Form 720 is used to prepare and report Quarterly Federal Excise Taxes. IRS has recently brought in some new changes to the Form 720 and released a new PDF on April 2013, for the 2nd Quarter Filings. Patient-centered outcomes research fee. The Affordable Care Act (Public Law 111-148, amended by Public Law 111-152), […]