Federal Excise Tax Reporting for 2nd Quarter is Due Today July 31, choose #efile at @taxexcise to prepare and report it online with the #IRS. eFile is simple, easy, fast and safe, it is affordable too, starts at $49.99 for Excise Tax reporting.
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 […]
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 […]
What’s New Sections 4375 and 4376 patient-centered outcomes research fee. The fee for policy and plan years ending on or after October 1, 2013, is $2.00, multiplied by the average number of lives covered under the policy or plan. The fee for policy and plan years ending before October 1, 2013, remains at $1.00, multiplied […]