Today, July 31. the last day to report your 2nd Quarter Federal Excise Tax returns using IRS Tax Form 720.
The Federal Excise Taxes reported on IRS Tax Form 720, covers excise taxes on goods, services and highway vehicle use. Also included Indoor Tanning Service, PCORI Fee and Gas Guzzler etc.
This is a quarterly tax reported for the 2nd quarter (April – June) by July 31 and today is the last day to report it with the IRS. e-File is the best way to report it as it is fast, simple and quick at http://TaxExcise.com.
Act fast and choose e-File as it is quick and safe, record keeping is simple, step by step process and quick returns.
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.