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 major components of the excise program is motor fuel.
Use Form 720 and attachments to report your liability by IRS No. and pay the excise taxes listed on the form. If you report a liability on Part I or Part II, you may be eligible to use Schedule C to claim a credit. Electronically prepare your Excise Tax Form 720 at http://www.TaxExcise.com and report it online for instant acknowledgement.
Form 720 and the schedules are due bu this July 31st for the 2nd Quarter Excise Tax filings, act fast and e-file it today! at just $29.99 per tax return.
Call and talk to our support center for more support and guidance.