Tag Archives: Form 720 online

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
Continue reading Federal Excise Tax REPORTING for 2nd Quarter of 2019

Less Than 24 hours remaining to File These Tax Forms!

May we have your attention please, Less than 24 hours in hand to File Three Tax Form that are due TODAY April 30th 2019. Being an IRS Authorized E-file Service Provider it becomes our responsibility to remind Every Tax Payer about upcoming tax Deadlines for the month and where to get it done with ease.

Taxes that are Due Today: Continue reading Less Than 24 hours remaining to File These Tax Forms!

Tuesday April 30th: Due Date to File Three Taxes!

Time and Tide waits for none! Very old saying but suits every situation especially when it comes to Taxes. April is not only the Month to file and Pay your Personal Income taxes but has few other deadlines as well. Continue reading Tuesday April 30th: Due Date to File Three Taxes!

Form 720, Quarterly Excise Tax Return for 1st Quarter of 2019 is due NOW!

Form 720 is a quarterly excise tax return that some; businesses must file with the Internal Revenue Service. According to the IRS, “Excise taxes are taxes paid when purchases are made on a specific goods, such as gasoline. Excise taxes are often included in the price of the product” If you accrue excise taxes in the course of doing business, you should know the rules on filing 720 taxes.

Who Must File Continue reading Form 720, Quarterly Excise Tax Return for 1st Quarter of 2019 is due NOW!

List of ThinkTrade Inc.’s Tax Filing Services – You Need This Month!

ThinkTrade Inc is authorized and certified by IRS to offer e-filing services for federal excise and extension taxes. There are various Tax Forms, Supported by ThinkTrade Inc under the banner of www.taxexcise.com / www.ExtensionTax.com / www.tax2290.com . One can say for sure that there are no months without some or the other tax deadline. Right now we are in the month of April and we know that there is a huge list of tax Forms that are due this month.

Below are the lists of Tax Forms that are due this Month, than can be filed through ThinkTrade Inc’s Line of Applications: Continue reading List of ThinkTrade Inc.’s Tax Filing Services – You Need This Month!