Tag Archives: Form 720 online

Form 720, Quarterly Excise Tax Return for 3rd Quarter of 2017 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 3rd Quarter of 2017 is due NOW!

Excise Tax Categories that are reported through Excise Tax Form 720

“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: Continue reading Excise Tax Categories that are reported through Excise Tax Form 720

E-file Form 720, Indoor Tanning Taxes – Powered by Taxexcise.com

Efiling for Form 720 is one among the hundreds of Service provided by www.Taxexcise.com . Preparing & filing Federal excise tax form 720 by paper is a hectic task, Taxexcise.com a product of think Trade Inc, simplified the process by using latest technical advancements. Thus came in E-filing solution for Federal excise tax form 720. Continue reading E-file Form 720, Indoor Tanning Taxes – Powered by Taxexcise.com

Patient Center Outcome Research Institution (PCORI) Fee Online

The Affordable Care Act imposes a fee on issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans to help fund the Patient-Centered Outcomes Research Institute. The fee, required to be reported only once a year on the second quarter Form 720 and paid by its due date, July 31, is based on the average number of lives covered under the policy or plan.

The fee applies to policy or plan years ending on or after Oct. 1, 2012, and before Oct. 1, 2019. The Patient-Centered Outcomes Research Institute fee is filed using Form 720, Quarterly Federal Excise Tax Return. Although Form 720 is a quarterly return, for PCORI, Form 720 is filed annually only, by July 31. Continue reading Patient Center Outcome Research Institution (PCORI) Fee Online

Patient-Centered Outcomes Research Trust Fund Fee

The Patient-Centered Outcomes Research Trust Fund fee is a fee on taxexciseissuers of specified health insurance policies and plan sponsors of applicable self-insured health plans that helps to fund the Patient-Centered Outcomes Research Institute (PCORI). The institute will assist, through research, patients, clinicians, purchasers and policy-makers, in making informed health decisions by advancing the quality and relevance of evidence-based medicine. The institute will compile and distribute comparative clinical effectiveness research findings.

The Affordable Care Act added a patient-centered outcomes research (PCOR) fee on health plans to support clinical effectiveness research. The PCOR fee applies to plan years ending on or after Oct. 1, 2012, and before Oct. 1, 2019. The PCOR fee is due by July 31 of the calendar year following the close of the plan year. For plan years ending in 2015, the fee is due by July 31, 2016.  Continue reading Patient-Centered Outcomes Research Trust Fund Fee