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The PCORI Fee (Patient-Centered Outcomes Research Institute Fee) is a fee established under the Affordable Care Act (ACA). It helps fund research that evaluates the effectiveness, outcomes, and risks of various medical treatments and services.

Form 6627 is used exclusively to report various categories of Environmental Excise Taxes and is generally filed along with IRS Form 720.

Form 6627 can be filed online through any IRS-authorized portal. Choosing the right platform for your filing is essential. With Simple 720, you’re making a smart choice.

Environmental taxes are designed to encourage eco-friendly practices and support the transition to a greener, more sustainable environment. The primary goal is to discourage activities that harm the environment and promote the use of sustainable alternatives.

Federal Excise Taxes (FET) are taxes levied on specific goods, services, and activities. These taxes can apply to various parties, including importers, manufacturers, retailers, and in some cases, consumers—depending on the nature of the excise tax.

Not all farmers and farming activities are eligible for exemption from Federal Excise Tax (FET); however, a wide range of exemptions is available specifically for qualified farmers. Understanding which taxes apply and how exemptions work is crucial for compliance and cost-saving in the agriculture sector.

Yes, government agencies—particularly state and local governments—are exempt from paying certain Federal Excise Taxes (FET) under specific conditions.

The Comparative Clinical Effectiveness Research (CER) is funded by the Patient-Centered Outcomes Research Institute (PCORI). PCORI primarily focuses on engaging patients, caregivers, and the broader healthcare community in every aspect of the research it funds. But who governs PCORI? Learn all the details about PCORI in this blog.

When it comes to excise tax or PCORI (Patient-Centered Outcomes Research Institute) filings, the IRS mandates the use of Form 720 (Quarterly Federal Excise Tax Return). This form is traditionally filled out manually, with each required field completed before being mailed to the IRS.

The manufacturer’s tax is applicable on automobiles and gas guzzlers, aviation fuel, coal, specific vaccines, sporting goods, and taxable medical devices. Which vaccines are subject to manufacturer’s excise tax? What is the amount taxable on these vaccines? Learn all these details in this blog.