Tag Archives: Form 720

Deadline Approaching for PCORI Tax Filing

Sponsors of self-insured health plans are required to report and pay the patient-centered outcomes research fee (PCORI) fee by July 31, 2014. The most significant change this year is an increase in the applicable fee. For plan sponsors of self-insured … Continue reading

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IRS Publishes Clarifying Information on PCORI Fee

The first Patient Centered Outcomes Research Institute (“PCORI”) fee is due on July 31, 2013. This new fee, which was established by the Patient Protection and Affordable Care Act, will be paid annually by insurers and the sponsors of self-funded … Continue reading

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PCORI Fee Update: PCORI Fees May Be Tax Deductible as a Business Expense

On May 31, 2013, the IRS’s Office of Chief Counsel released a memorandum explaining the office’s opinion that PCORI fees are a deductible business expense. The memo explains that Section 162(a) permits a deduction for “all ordinary and necessary business … Continue reading

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Compliance Alert: IRS Releases New Form 720

                The IRS has released a new Form 720, Quarterly Federal Excise Tax Return. Employers that sponsor self-funded health plans are required to file this Form 720 on or before July 31, 2013 (with respect to plan years that end … Continue reading

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