QUARTERLY FEDERAL EXCISE TAX FORM 720 ELECTRONIC FILING

The federal government raises money through taxes. Excise taxes are one such taxes levied on the purchase of particular items such as automobiles, fuels and certain services, mainly on items that considered vices or luxury goods. You may pay excise taxes on certain activities, such as highway usage (Fuel Tax), telephone service (Communication Tax), transportation […]

Environmental Excise Taxes

Environmental taxes are imposed on crude oil and petroleum products (oil spill liability), the sale or use of ozone-depleting chemicals (ODCs), and imported products containing or manufactured with ODCs. In addition, a floor stocks tax is imposed on ODCs held on January 1 by any person (other than the manufacturer or importer of the ODCs) […]