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The IRS Federal Excise Tax Form 720 is usually reported by end of a quarter and it is now due this April 2015, if you own a business that deals in goods and services subject to excise tax, you must prepare Form 720 – quarterly return to report the tax to the IRS. Form 720, […]
Excise taxes are imposed on amounts paid for certain facilities and services. If you receive any payment on which tax is imposed, you are required to collect the tax, file returns, and pay the tax over to the government. If you fail to collect and pay over the taxes, you may be liable for the […]