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 […]
The Federal Excise Tax returns can be prepared and reported online through the IRS authorized e-file provider http://TaxExcise.com, the only website to support e-file for Federal Excise Tax returns. @taxexcise @taxIFTA @Tax2290
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 […]
IRS Form 720, Quarterly Federal Excise Taxes are due by July 31, for the 2nd Quarter. Here are some reminders before you start efiling your Form 720. Medical device excise tax. The Affordable Care Act (Public Law 111-148, amended by Public Law 111-152), imposes a 2.3% (.023) excise tax on the sale of certain medical […]