• CER Fees July 31 Deadline Looms - Funding the Patient-Centered Outcomes Research Trust
  • July 17, 2013 | Authors: Stacy C. Clark; John R. Hickman; Carolyn E. Smith; Daniel G. Taylor
  • Law Firms: Alston & Bird LLP - Atlanta Office ; Alston & Bird LLP - Washington Office ; Alston & Bird LLP - Atlanta Office
  • Issuers and plan sponsors must use IRS Form 720, the Quarterly Federal Excise Tax Return, to pay the CER Fee. An updated Form 720 and the Form 720 Instruction Form are now available from the IRS. The CER Fee is reported in Part II of Form 720 under “Patient-Centered Outcomes Research Fee.” The IRS has also recently stated that the CER Fee is an “ordinary and necessary business expense paid or incurred in carrying on a trade or business,” and thus, is deductible.