In IRS, Updates

IRS Releases Revised Form 720 

June 18, 2020

IRS released the updated IRS Form 720 a few days ago. 

Please take note of the following changes to the Form:

* Line 5b on the 720 Checklist has been updated to include 10/01/2019-09/30/2020 ($2.54).

* Line 133 on  has been updated to reflect the $2.45 PCOR fee for policy year ending before October 1, 2019 and the $2.54 PCOR fee for policy year ending on or after October 1, 2019 and before October 1, 2020.

For a copy of Form 720, click on the link below:

htps://www.irs.gov/pub/irs-pdf/f720.pdf

If you have any comments or questions regarding any of the above information, please do not hesitate to call me at (708) 717-9638 or e-mail me at larry@larrygrudzien.com

Thank-You,

Larry Grudzien

Attorney-At-Law

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