Category Archives: Tax Excise Users Alert

Patient-Centered Outcomes Research Trust Fund Fee

The Patient-Centered Outcomes Research Trust Fund fee is a fee on taxexciseissuers of specified health insurance policies and plan sponsors of applicable self-insured health plans that helps to fund the Patient-Centered Outcomes Research Institute (PCORI). The institute will assist, through research, patients, clinicians, purchasers and policy-makers, in making informed health decisions by advancing the quality and relevance of evidence-based medicine. The institute will compile and distribute comparative clinical effectiveness research findings.

The Affordable Care Act added a patient-centered outcomes research (PCOR) fee on health plans to support clinical effectiveness research. The PCOR fee applies to plan years ending on or after Oct. 1, 2012, and before Oct. 1, 2019. The PCOR fee is due by July 31 of the calendar year following the close of the plan year. For plan years ending in 2015, the fee is due by July 31, 2016.  Continue reading Patient-Centered Outcomes Research Trust Fund Fee

Q4 Excise Tax For 2014 is Due By January 31st 2015

Welcome to our blog. We are glad you made your way to our blog. Today, we are here with reminders and updates. January 31st stands as the due date to file Quarterly Federal Excise Tax Return online with TaxExcise.com in order to leave behind the penalties.

Wondering if you have to file form 720 and pay excise tax? We are here to tell you. Keep reading to know more: Continue reading Q4 Excise Tax For 2014 is Due By January 31st 2015

The Best Payment Methods Used While Efiling Tax Returns Online

So filers, how are you doing today. Here’s the quick reminder about the due date for excise tax that falls on 31st October 2014. The third quarter due date for   this Quarterly Federal Excise Tax Return is round the corner. Ensure you file your return on or before the due date or penalties would tag along. Continue reading The Best Payment Methods Used While Efiling Tax Returns Online

Excise Tax Form 720- Introduction

So filers, how are you doing? Last few weeks we were talking about form 2290 as the tax season had arrived in our calendar. However, the tax season is over and here we are in form. And that reminds us to talk about form 720, which are levied on specific goods and paid by consumers when the products are purchased. Form 720 is also known as a Quarterly Federal Excise Tax Return. Continue reading Excise Tax Form 720- Introduction