Patrick C. Haynes, Jr., Esq., LL.M.
Update (June 4, 2013): IRS Form 720 now includes, at Part II (page 2 of 7) at line 133, a space to include your headcount, multiply it by $1 (for this year) and $2 for all subsequent years (until it sunsets with the 2019 plan year). Your completed, signed Form 720 is due by July 31, 2013, along with your payment.
- IRS Form 720
- IRS Form 720 Instructions
- When is my Form 720 Due? A multi-year reference chart.
- Tax Deductible. In his May 31, 2013 memorandum (released June 7th), Andrew J. Keyso, Associate Chief Counsel, concludes that the PCOR fees are tax deductible: “The required PCOR fee will be an ordinary and necessary business expense paid or incurred in carrying on a trade or business and, therefore, will be deductible under § 162.”
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