PCORI Fee reported on IRS Tax Form 720 by July 31

#PCORI_Fee reported on #IRS Tax #Form_720 by July 31, use @taxexcise to prepare and report it online for just $49.99. | Due date is around the corner and less time to report it, try online this time to experience the difference. #Efile saves you time and money…

Quarterly Federal Excise Tax eFiling

Federal Excise tax is referred to indirect type of taxation imposed on the manufacture, sale or usage of certain type of goods and products. However, excise taxes are included in the price of the product, such as cigarettes or alcohol, also included in the price of an activity, often gambling. They are imposed by both […]

Electronic Filing for Federal Excise Tax Form 720

If you own a business that deals in goods and services subject to excise tax, you must prepare a Form 720 quarterly to report the tax to the IRS. The federal government charges an excise tax on specific types of products and services, and in some ways resembles a state sales tax. Excise taxes are taxes paid when purchases are made on a […]

Quarterly Federal Excise Tax Return for Q1, 2015

Form 720, Quarterly Federal Excise Tax Return, is used to report and on excise taxes collected by the business for a variety of products and services. Use Schedule A to show the amount of your total liability for excise taxes for the quarter. 2015, 1st Quarter Excise taxes are due this April 30th and e-file […]

Federal Excise Tax Form 720 for Q1, 2015 is due now.

The IRS Federal Excise Tax Form 720 is usually reported by end of a quarter and it is now due this April 2015, if you own a business that deals in goods and services subject to excise tax, you must prepare Form 720 – quarterly return to report the tax to the IRS. Form 720, […]

What to include on Form 720

There is an extensive list of goods and services that the federal government collects excise taxes on. Some of the more common products and services subject to the excise tax include a surcharge on indoor tanning, the gasoline you pump into your car, airline tickets and an array of coal products. Since the cost of […]

Reminders for Form 720!

1. IRS Form 720 is Due This April for 1st Quarter 2014 Excise Tax reporting 2. Tax on seasonal flu vaccines. Sales of all vaccines against seasonal influenza are now subject to the section 4131 excise tax at the existing rate of $.75 per dose of taxable vaccine. Previously, only trivalent influenza vaccines were subject […]

2014 1st quarter Federal Excise Taxes are Due this APRIL

IRS Tax Form 720 to prepare and report the Federal Excise Taxes collected for the 1st Quarter of 2014 has to be reported to the IRS in this April. The Federal or the Congress apply an Excise Tax on the certain type of Products and Services. Businesses that deal in goods and service that are […]

Other Items Related To Form 720

 Form 720-CS, Carrier Summary Report Bulk transport carriers file this form to report monthly receipts and disbursements of all liquid products at a storage location designated by a facility control number (FCN). Form 720-TO, Terminal Operator Report Terminal operators file this form to report monthly receipts and disbursements of all liquid products to and from […]

Quartely Federal Excise Tax returns online!!!

Excise Tax form 720 for the 3rd Quarter is Due this October and file it online before 31st Oct, 2013. Free to TRY, pay only when you are satisfied! Supports all Excise Tax Forms at one place Prepare your IFTA Tax Returns and print it out Full Service, where we do it for you!!! Free […]

Filing Form 720

Use Form 720 to report and pay the excise taxes previously discussed in this publication. File Form 720 for each calendar quarter until you file a final Form 720. For information on filing Form 720 electronically, visit the IRS e-file website at www.irs.gov/efile. You may also use www.TaxExcise.com to efile Form 720 and get acknowledgement […]

Retail Tax on Heavy Trucks, Trailers, and Tractors

A tax of 12% of the sales price is imposed on the first retail sale of the following articles, including related parts and accessories sold on or in connection with, or with the sale of, the articles. Truck chassis and bodies. Truck trailer and semitrailer chassis and bodies. Tractors of the kind chiefly used for […]