Corrections to The Instructions for Form 720 (Rev. Apr. 2019), Quarterly Federal Excise Tax Return


In the Instructions for Form 720 (Rev. April 2019), please note the following: On page 1, in "What's New" under the heading "Sections 4375 and 4376 patient-centered outcomes research fee increase," the second sentence should say: "The fee for plan years ending on or after October 1, 2017, but before October 1, 2018, remains at the applicable rate of $2.39, multiplied by the average number of lives covered under the policy or plan."