Taxes are taxes and comes with a deadline, we need to meet the compliances to move forward and to keep the business operational. The excise taxes that you have collect for the second quarter of 2020 (April – June) is supposed to be reported and paid using IRS Tax Form 720. Electronic filing is possible and you can prepare your tax return by yourself. https://TaxExcise.com, the only website to help you do it online, no software download is required or no new software installation is required, just plug to the internet visit our website and complete it online. Acknowledgement in just minutes in your inbox. It is as simple as it is explained. July 31 is the last date to complete your return and to pay your Federal Excise Tax dues for the 2nd Quarter of 2020.
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 fuel.
Q. Can all Excise Tax forms be filed electronically?
A. No. At this point, the only Excise forms available for electronic filing are Form 2290, Heavy Highway Vehicle Use Tax, Form 720, Quarterly Federal Excise Tax and Form 8849, Claim for Refund of Excise Taxes (Schedules 1, 2, 3, 5, 6 & 8).
Every one would have a question, How will e-file of Form 720 improve results? Our answer is Electronic filing of Form 720 will allow IRS to provide expedited and improved service and reliability to taxpayers while reducing processing time and errors.
TaxExcise.com is the first IRS Authorized Efile Service Provider for all the Federal Excise Tax Forms; Form 2290, Form 8849 and Form 720. In fact all these forms falls due now and you can do it at one place for a nominal price. For faster processing of your federal excise tax return choose efile with https://TaxExcise.com.
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