Registration Requirements for Form 720

The Form 720 excise tax returns are due the last day of the month following the month in which the transaction occurs. Generally, these returns can be filed on paper or electronically. IRS encourages to use electronic method as it is Simple, Safe and Secured. Registration Requirements for Form 720: The following discussion applies to […]

Excise Tax on Indoor Tanning Services Frequently Asked Questions

What is taxable indoor tanning service? A. Taxable indoor tanning service means a service employing any electronic product designed to incorporate one or more ultraviolet lamps intended for the irradiation of an individual by ultraviolet radiation, with wavelengths in air between 200 and 400 nanometers, to induce skin tanning. What are the requirements for keeping […]

Excise Taxes on Fuels and Fuel Tax Credits and Refunds

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. Excise Tax has several general excise tax programs. One of the […]

Medical Device Excise Tax

The medical device excise tax applies to manufacturers and importers and generally does not apply to individual consumers. The medical device excise tax is reported on Form 720, Quarterly Federal Excise Tax Return. Payment is due with the return. The first quarterly return for the medical device excise tax is due April 30, 2013, for […]

Indoor Tanning Service Providers Must File a Federal Excise Tax Return

IRS Form 720 can be used to report an excise taxes on Indoor Tanning Service, Taxable indoor tanning service means a service employing any electronic product designed to incorporate one or more ultraviolet lamps intended for the irradiation of an individual by ultraviolet radiation, with wavelengths in air between 200 and 400 nanometers, to induce […]

When is Form 720 due?

IRS Form 720 is filed quarterly to report the excise taxes. This quarterly federal taxes can be prepared and reported online through www.TaxExcise.com the IRS authorized efile service provider since 2007. TaxExcise.com is lauded for user friendly screens and prompt customer support. Straight forward questions to complete your excise tax returns. Due dates for Form […]