Electronic Filing for Federal Excise Tax Form 720

Over the last 20 years, technology has transformed the way we live and work forever. This is especially true of the accounting and tax profession, made tax preparation, calculations and filing much more easier than it use to be. Federal Excise taxes are reported at end of every Quarter consolidating the deposits (if apply) and calculating the taxes owed. TaxExcise.com has effectively utilized this technology to transform the benefits to the excise tax payers. Easy, simple and quick excise tax preparation and reporting, make tax payments online and receive back the acknowledgment in minutes.

Federal Excise Taxes online

To help tax payers navigate and prepare federal excise tax returns on the category of taxes they owe, we simplified and brought out a website with easy and quick screens to capture data and efile. Electronic filing has changed the live in the last 2 to 3 years certainly for tax payers. Screen by screen help, quick call to support or help desk upon questions, email or chat support at the sides to add more helping options. Economic and affordable pricing and no hidden charges etc has helps us to stand unique in the market and stand tall among our users.

Heavy Vehicle Use Tax is now Due

Federal Excise Taxes for the 2 Quarter of 2019 is about to due this July and we’re ready now to accept Form 720 returns to report the excise taxes. Indoor Tanning Service providers are hunting online solutions and end up finding us for tax preparation and efiling help as we’re the only provider in this category.

PCORI Fee – in 2nd Quarter Form 720 Return

The Patient-Centered Outcomes Research Trust Fund fee is a fee on issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans that helps to fund the Patient-Centered Outcomes Research Institute (PCORI). The institute will assist, through research, patients, clinicians, purchasers and policy-makers, in making informed health decisions by advancing the quality and relevance of evidence-based medicine. The institute will compile and distribute comparative clinical effectiveness research findings.

The fee is paid annually using Form 720, Quarterly Federal Excise Tax Return. The payment, paid through the Electronic Federal Tax Payment System (EFTPS), should be applied to the second quarter. Issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans will file annually Form 720, Quarterly Federal Excise Tax Return, to report and pay the PCORI fee. The Form 720 will be due on July 31 of the year following the last day of the policy year or plan year.

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