Federal Fuel Excise Tax for 3rd Quarter on Form 720

Federal Excise Tax┬áis a tax on use or consumption of certain products which is included in the price of a product, such as motor fuels, cigarettes, and alcohol. Excise taxes may also be imposed on some activities, like gambling. Excise taxes may be imposed by the federal government or by a state. The seller or […]

3rd Quarter Federal Excise Tax reporting online…

Excise taxes are taxes paid when purchases are made on a specific good, such as gasoline. Excise taxes are often included in the price of the product. There are also excise taxes on activities, such as on wagering or on highway usage by trucks. One of the major components of the excise program is motor […]