E-file IRS Federal Form 720

Electronic filing.   You can electronically file Form 720 through IRS Authorized e-file provider www.TaxExcise.com rated #1 in excise taxes efile. For more information on e-file, visit the IRS website at www.irs.gov/efile or www.TaxExcise.com. Transportation of persons by air (IRS No. 26).   For calendar year 2015, the tax on the amount paid for each domestic segment […]

What is new in Form 720?

Patient-Centered Outcomes Research Fee Increased: (IRS No. 133) Sections 4375 and 4376 patient-centered outcomes research fee increase.   The fee for policy and plan years ending on or after October 1, 2014, but before October 1, 2015, is the applicable rate of $2.08, multiplied by the average number of lives covered under the policy or plan. […]

July 31st is due for 2nd Quarter Form 720 reporting

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 […]