Hello, excise taxpayers and IFTA taxpayers! This message is for you to make you aware of the upcoming deadline for your tax preparations. August 1, 2022, is the deadline for the second quarter of the quarterly federal excise taxes, which are paid using form 720 to the IRS. Also, the annual PCORI fee reported using form 720 on the second quarter of the tax year is due on August 1, 2022. And the IFTA tax for the second quarter is also due on the same date. You can easily e-file form 720 and prepare your IFTA tax reports online at TaxExcise.com today. So, register for free now.
Form 720 Federal Excise Taxes
The federal government imposes excise taxes on certain products like gasoline and aviation fuels and specific services like indoor tanning services and PCORI. The owners, dealers, and consumers of those products/services are liable to pay their federal excise taxes every quarter of the tax year using the form 720 to the IRS. You can easily e-file form 720 in TaxExcise.com in just a few steps. As form 720 contains many products and services and is segregated into two parts, TaxExcise.com serves you best with our unique user interface that allows you to select your product or service from your part quickly. You never face any turmoil while selecting your category to e-file form 720 excise tax.
The deadline to report your federal excise tax falls on August 1, 2022. You must e-file form 720 at TaxExcise.com today and stay ahead of the last date.
The Annual PCORI Fee
The Patient-Centered Outcomes Research Fee (PCORI Fee) is imposed under the ‘Affordable Care Act’ to fund the Patient-Centered Outcomes Research Institute (PCORI). This fee is charged on certain health plans and health insurance policies. The PCORI fee is paid annually using form 720 during the second quarter of the tax year. You can easily e-file form 720 for your annual PCORI fee by selecting the PCORI section in the online TaxExcise.com form 720 e-filing application. As the annual PCORI fee reporting due date falls on August 1, 2022, you should e-file form 720 today at TaxExcise.com and stay ahead of the deadline.
IFTA Tax for the second quarter
IFTA, the International Fuel Tax Agreement, is a tax collection agreement by and among the 48 contiguous States and the 10 Canadian Provinces bordering the US. IFTA is filed every quarter by the interstate motor carriers. TaxExcise.com offers a compatible online solution to prepare your IFTA tax reports online. You can then download your reports and file them with your state authority. The last date to report your IFTA taxes for the second quarter of this tax year is August 1. So, prepare your IFTA taxes at TaxExcise.com now.