2nd Quarter Federal Excise Tax Due this July try electronic filing

Federal Excise Tax Form 720 is reported and paid (if any) by end of each quarter, it is time for 2nd Quarter Form 720 reporting. If you have any difference you may also pay the tax online using IRS approved commercial software provider for all Federal Excise Tax Forms, http://TaxExcise.com. The only website to support […]

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, […]

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 […]

Air Transportation Excise Taxes

Excise taxes are imposed on amounts paid for certain facilities and services. If you receive any payment on which tax is imposed, you are required to collect the tax, file returns, and pay the tax over to the government. If you fail to collect and pay over the taxes, you may be liable for the […]

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 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 […]

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 […]