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!

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Time just flies away! It just feels like yesterday when we all welcomed the year 2019. But it’s already 70 days old. Today is the 71st day of the year 2019. 2019 is not only 70 days old but your Business Income taxes are due this week. This is also the 11th week of the Year 2019 and today is the 11th Tuesday of 2019. Exactly in four days that is the 11th Friday of 2019 you have to file & pay your Business Income Tax. If not you are not really going to enjoy the rest of the year. 