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IRS Updates PCORI Fee Amount; Payment Due by July 31
Buck Link to more items from this source
[Guidance Overview]
June 11, 2020

"[T]he guidance provides transition relief by also allowing plan sponsors to use any reasonable method for calculating the number of covered lives for plan years ending on or after October 1, 2019, and before October 1, 2020.... Plan sponsors should use Form 720 to pay the fee. However, as of [June 9, 2020], Form 720 had not yet been updated to reflect the new fee for plan years ending on or after October 1, 2019, through December 31, 2019." [Editor's note: Updated Instructions for IRS Form 720 have been issued; revised Form 720 issued June 12.]

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