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 […]

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 […]

Quarterly Federal Excise Tax eFiling

Federal Excise tax is referred to indirect type of taxation imposed on the manufacture, sale or usage of certain type of goods and products. However, excise taxes are included in the price of the product, such as cigarettes or alcohol, also included in the price of an activity, often gambling. They are imposed by both […]