“Like mothers, taxes are often misunderstood, but seldom forgotten” – Lord Bramwell
Month of July comes in with a lot of due dates for Taxes, Once such Important Tax that is due this July is your Federal Excise Tax Form 720. Form 720 is filed after the End of Ever Quarter making it a Quarterly Federal Excise Tax that is filed on sales of certain Products that come under the Excise Tax Category. Though this Tax is Filed Four Times a year, there is one Special category in this Tax Form that is filed only once a year that is along with the Second Quarter Form 720 and that is Patient-Centered Outcomes Research Institute (PCORI). Continue reading Report and Pay your PCORI Taxes through Second Quarter Form 720!
Memory is the treasury and guardian of all things – Marcus Tullius Cicero
There are several things that we do for which we rely on our memory. Though we remember almost everything that we do on a daily basis, there are quite a few things that we do only once in a month sometimes once in three months which tends to slip out of our memory. By now if you still have not figured out what we are mentioning then you have a poor memory.
Form 720 is a quarterly Tax, one must file it four times a year, Right now it’s time to E-file your Federal Excise tax Form 720 for the Second quarter of 2018, which is due by the end of this month. Form 720 PCORI Excise Tax Filers please note that you file PCORI Taxes only once a year and that is with the Second Quarter Form 720. Continue reading Federal Excise Tax Form 720 for the Second Quarter of 2018 is DUE NOW!
TaxExcise.com, the 1st IRS Authorized Electronic Filing website for all Quarterly Federal Excise Tax Returns. The top rated and most experienced too, has been very popular among the Truckers for reporting Federal Vehicle Use Tax Return, using IRS Tax Form 2290.
1st Quarter Excise Tax Returns Due this April 30, Monday.
Continue reading TaxExcise.com – Only website that support electronic filing for all Federal Excise Tax Returns
Federal Excise Taxes are taxes paid when purchases are made on a specific good, such as gasoline. This excise taxes are often included in the price of the product and collected from the buyer and paid at end of every quarter with the IRS. There are also excise taxes on activities, such as on wagering or on highway usage by trucks. One of the major components of the excise program is motor fuel, offering services like indoor tanning services, PCORI etc.
1st Quarter Federal Excise Tax Due on April 30
The first quarter federal excise taxes that a business has collected will consolidate it in the IRS Tax Form 720, and report it with the IRS by end of a quarter and pay, it is due this April 30.
Continue reading Quarterly Federal Excise Tax Returns for 1st Quarter is Due this April 30