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Friday, July 19, 2013

Don’t forget to prepare to report and pay your Patient-Centered Outcomes Research Institute fee! The first annual payment is due July 31, 2013. The fee is based on the number of participants in your plan during the prior year.

IRS Form 720, a Quarterly Federal Excise Tax Return, is used to report and pay the fee.  Here is a link to the instructions.

See also our prior posts relating to these fees.

Update 7/25/13: Also, the IRS has posted some FAQson the PCORI Fee as well

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