“This is a question too difficult for a mathematician. It should be asked of a philosopher”(when asked about completing his income tax form)” ― Albert Einstein. Taxes are something that one cannot avoid till he/she is alive; likewise if you own a business you will have to file a list of taxes to keep your business alive. One such Tax is Federal Excise Tax, filed through Form 720 every quarter.
Any business that deals with goods and services are subject to excise tax, it must prepare a Form 720 quarterly to report the tax to the IRS. Ways to prepare and file your taxes are only two, Either your fill out a paper form, figure out complicated calculations and mail it to the IRS or E-file your Form 720 through www.Taxexcise.com , “THE ONLY E-FILE SERVICE PROVIDER FOR FORM 720”.
Below is the list of Major Tax Categories filed through Form 720:
- Environmental Taxes
- Communications Taxes
- Air Transportation Tax
- Fuel Taxes
- Retail Taxes
- Ship Passenger Tax
- Other Excise Tax
- Manufacturers Taxes
- Foreign Insurance Taxes
It is also time to remind Every Excise Tax Payer that, it is time to E-file their Federal Excise Tax Form 720 for the Third quarter of 2016. October 31st, is the deadline to E-file Form 720 for the third quarter of this year without any penalties & interests. We understand the complexities involved in decoding tax jargon’s in form 720 that is why we host an application that makes things easier for you with Form 720. We have chosen the best in class Tax Experts to assist you with your Federal Excise Tax Form 720 when you are Efiling them through www.taxexcise.com .
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