Form 720 the Quarterly Federal Excise Tax reporting for first Quarter 2019 is due now

Time is running to prepare and report the Federal Quarterly Excise Tax returns for the 1st quarter of 2019. Excise taxes are commonly included in the price of a product, of the service that is offered. Quarterly Federal Excise Tax Form 720 is used for reporting federal excise tax liabilities on certain products (gasoline and fuel) and services (tanning […]

Federal Excise Tax Reporting on Indoor Tanning Services

Many businesses offering indoor tanning services are required to collect a 10 percent excise tax on the indoor tanning services they provide. The provider must pay the excise tax to the government, quarterly, while reporting IRS Form 720, Quarterly Federal Excise Tax Return. The following information is designed to help indoor tanning services providers understand how […]