Tag Archives: IRS Form 720

ONLY Ten Working Days Left to E-file your 3rd Quarter Form 720

10-days-to-goThe Strongest fact about time is that “IT CHANGES”, it does not stay put for anyone. I will hit the gym tomorrow said all those obese people out there and never did. Procrastinating important things in life is very easy but, consequences faced due to the pinch of laziness we add to our schedule has devastating setbacks attached to it. Statistics says that people postpone things that are less frequently done.

One such thing that does not show up on calendars very often is the Filing of Federal Excise Tax Form 720. Though it knocks our door only Four times a year, missing to E-file it on time has huge penalties & added                interests which could even be more than the taxes owed. Gone are those days when the IRS Mails us the Form 720 and we complete it and mail it back to them. Even taxes have become advanced & have joined hands with      technology to go paperless. Continue reading ONLY Ten Working Days Left to E-file your 3rd Quarter Form 720

Reminder: Excise Tax Form 720 Is Due by April 29th 2016

Dear Excise tax filers, how are you doing? Today we are here to remind you all to file form 720 for the First quarter of 2016 which is due by April 29th.

The Quarterly Federal Excise Tax Return is used to file and pay excise tax due on the quarterly basis. Companies dealing with communication or environmental related business are required to file excise tax to the federal government. In addition, companies dealing with the sale of gasoline, tobacco, or services included indoor tanning may be required by law to file an excise tax return. Continue reading Reminder: Excise Tax Form 720 Is Due by April 29th 2016

Reporting Form 720 (Quarterly Federal Excise Tax Return)

www.TaxExcise.com / www.Tax720.com is a pioneer application to report Form 720, Quarterly Federal Excise Taxes to IRS electronically or by a traditional paper filing method.

Purpose of Form:

Form 720 and attachments can be used to report liability by IRS No. and pay the excise taxes listed on the form;

List of few excise taxes reported on Form 720 are: Continue reading Reporting Form 720 (Quarterly Federal Excise Tax Return)

Form 720, Quarterly Excise Tax Return for 4th Quarter of 2015 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. There are also excise taxes on activities, such as on wagering or on highway usage by trucks.” If you accrue excise taxes in the course of doing business, you should know the rules on filing 720 taxes. Continue reading Form 720, Quarterly Excise Tax Return for 4th Quarter of 2015 is due NOW!

Reasons to E-file Your Excise Tax Return with TaxExcise.com

You are still in Stone Age if you are still paper filing your Excise Tax returns. More than 80 percent of the taxpayers file their taxes electronically. The IRS has processed more billion’s tax returns safely and securely since 1990, the Official beginning of Efiling ERA. Very few still stick with paper filing

Below are the important reasons to switch to Efiling:

  • Trust Technology for Accuracy: For simple calculations we use our mobile phones or calculators these days, for accurate tax calculations it’s always recommended to Efile your tax returns. IRS will reject your Tax return or your claim for simplest of calculation mistake, which can happen mostly when you try to Paper file your Tax return.
  • Safety First:  E-file service provider like TaxExcise.com follows strict guidelines to provide the best in             encryption technology. When logged in to TaxExcise.com you will be in a “secure session” that is established with Secure Sockets Layer (SSL) and verified by COMODO’s Global Site Certificate Technology. While           connected with SSL, every transmission between your computer and our websites are encrypted with 128-bit (strong) encryption.
  • Response at the drop of a hat. You receive instant acknowledgement from the IRS on a tax return that is E-filed through TaxExcise.com. If the IRS rejects your tax return, you will receive an instant notification and you can quickly correct the return and resubmit it. An e-filed claim means a three times faster refund             compared to paper return.
  • Various options to pay-off: While e-filing one can enjoy different payment options like EFW Electronic Funds Withdrawal from the bank account, EFTPS Electronic Federal Tax Payment System or can even opt to the traditional check or money order option.

All the above mentioned points about E-filing can be summed up to one word “SIMPLE”.

www.taxexcise.com and www.extensiontax.com serves as a one stop shop for all your excise and extension tax needs. For all your Excise and Extension tax related questions call us @ 1-866-245-3918 or write to            support@taxexcise.com.