Category Archives: Electronic filing excise taxes

Quarterly Federal Excise tax Reporting Made Easy and Fast at TaxExcise, Today is the last date for 4th quarter return

The Federal Excise Tax is a Quarterly return reported using IRS Tax Form 720 by end of every quarter. TaxExcise is the best software platform for preparing and reporting your Excise Tax returns. We handle thousands of returns every year and a preferred partner for tax electronic filing. It is easy to get started with electronic filing, create an user account with your email and just jump into preparing the quarterly Federal Excise Tax returns. This is the only website to support efile as a Self Service portal where you can prepare the returns on your own in simple and easy steps.

Electronic filing can give the much needed push to the return that is nearing the deadline, for 4th quarter 720 reporting today is the last day and eFile is the only option available to get it done. Increase your chance of complete your 720 return by filing it online at TaxExcise.com.

Electronic Filing for Quarterly Federal Excise Tax returns is made easy here at taxExcise

TaxExcise.com an IRS authorized electronic filing service provider, in fact the only website that support eFile for all excise tax forms at one place. The fastest and easiest way of preparing the excise tax returns, economic and affordable pricing with phone and chat support for instant help.

The 3rd Quarter Excise Taxes are due now and October 31 is the deadline, act fast to report and pay it on-time. The online mode of filings saves you time, money and unwanted mistakes that are quite common with manual filing.

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Less than 48 hours to report 2nd quarter Federal Excise Tax

IRS Form 720, or the Quarterly Federal Excise Tax Return, is an IRS tax form that businesses must complete on a quarterly basis in order to report and pay federal excise taxes. An excise tax is a tax that the federal government imposes on specific goods or services that are manufactured in or imported into the U.S. Excise taxes are often included in the price of the product, like gasoline or alcohol, so you might not even realize you’re paying them. However, if your business sells a good or service that is subject to excise tax, then you are responsible for reporting and paying for those taxes—IRS Form 720, therefore, allows you to do just that.

Tax Form 720 online

2nd Quarter Excise Tax

The filing deadline for IRS Tax Form 720 is quarterly, needs to be completed and reported by the last day of the first month that follows the end of the prior quarter. July 31 is the last date to report and file the Federal Excise Taxes for 2nd Quarter of 2019.

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Federal Excise Tax REPORTING for 2nd Quarter of 2019

The federal excise tax returns are reported and paid at end of every quarter, the 2nd quarter returns are now due by July 31. IRS Form 720 is the form for reporting federal excise taxes, and it is only filed by those taxpayers – usually businesses – responsible for collecting the excise taxes. Form 720 can be prepared and report online at TaxExcise.com, an IRS Authorized eFile provider for all Federal Excise Tax Forms, in fact the only provider to support all Excise Tax Forms at one place.

Federal Excise Tax – IRS Tax Form 720

Federal excise tax revenues—collected mostly from sales of motor fuel, airline tickets, tobacco, alcohol, and health-related goods and services—totaled $83.8 billion in 2017, or 2.5 percent of federal tax receipts. Excise taxes are narrowly based taxes on consumption, levied on specific goods, services, and activities. They can be either a per unit tax (such as the per gallon tax on gasoline) or a percentage of price (such as the airline ticket tax). Generally, excise taxes are collected from producers or wholesalers, and are embedded in the price paid by final consumers.

Quarterly Federal Excise Tax Reporting
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Indoor Tanning Service and Quarterly Excise Tax Reporting

The Indoor Tanning service providers are charged with 10% of excise tax for the tanning service they offer. One of the first revenue provisions in the Affordable Care Act to be implemented was the indoor tanning services excise tax, which went into effect on July 1, 2010. The provision applies to almost all businesses that operate ultraviolet tanning lamps, which are required to collect a 10-percent tax on all sales of tanning services.

IRS Tax Form 720 – 2nd Quarter Return is Due now by July 31. eFile it at TaxExcise.com, the only website to eFile Federal Excise Tax Returns wit the IRS.

Indoor Tanning Excise Tax Reporting at TaxExcise.com
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