2nd Quarter Federal Excise Tax Due this July try electronic filing

Federal Excise Tax Form 720 is reported and paid (if any) by end of each quarter, it is time for 2nd Quarter Form 720 reporting. If you have any difference you may also pay the tax online using IRS approved commercial software provider for all Federal Excise Tax Forms, http://TaxExcise.com. The only website to support […]

Reminders for Form 720!

1. IRS Form 720 is Due This April for 1st Quarter 2014 Excise Tax reporting 2. Tax on seasonal flu vaccines. Sales of all vaccines against seasonal influenza are now subject to the section 4131 excise tax at the existing rate of $.75 per dose of taxable vaccine. Previously, only trivalent influenza vaccines were subject […]

Reminders for Form 720

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 […]

Medical Device Excise Tax

The medical device excise tax applies to manufacturers and importers and generally does not apply to individual consumers. The medical device excise tax is reported on Form 720, Quarterly Federal Excise Tax Return. Payment is due with the return. The first quarterly return for the medical device excise tax is due April 30, 2013, for […]