The mission of Trucking Moves America Forward (TMAF) is to establish a long-term industry-wide movement to create a positive image for the industry, to ensure that policymakers and the public understand the importance of the trucking industry to the nation’s economy, and to build the political and grassroots support necessary to strengthen and grow the industry in the future. Today the TMAF Co-Chairs on Texas Relief Efforts along with American Trucking Associations and Texas Trucking Association, let us join hands to strengthen the cause and be part of it.
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Missed Out Federal Excise Tax Deadline Then File At The Earliest
Quarterly Federal Excise Tax Form 720 for the 4th Quarter of 2020 was due this February 1 and if you have missed it file and pay the taxes at the earliest to make it less taxing. You can still report the taxes and pay the dues electronically at TaxExcise.com to lower your tax late filing charges, penalties and interests.
The tax filing deadline has come and gone. If you didn’t file a tax return and pay the taxes you owe to the IRS on your FET should have, you need to take action now. Filing soon is very important because the late-filing penalty and late-payment penalty on unpaid taxes adds up quickly.
The IRS is processing tax returns, issuing refunds and accepting payments. Taxpayers who mail or who have already mailed a tax return will experience a longer wait. IRS encourages all taxpayers to make use of the electronic filing, it is fast, easy and safe. TaxExcise.com is the only website that offers secured and simple electronic filing services for all the Federal Excise Tax Returns at one place. TaxExcise.com is the most experienced and most trusted electronic filing service since 2007.
ExtensionTax.com a product of ThinkTrade Inc.
The Internal Revenue Service announced that the nation’s tax season will start on Friday, February 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns. If you’re not ready with your Federal Income taxes for individual and business taxes, to get extra time to prepare on your tax return file for extension of time.
Federal Tax Extension Application Online
When the coronavirus pandemic hit in full force in March 2020, it upended normal life in a very meaningful way. Businesses were forced to shut down. Schools closed for in-person learning all over the country. And countless families were left scrambling to pay their bills.
Given that chaos, the IRS made what many agree was a smart and reasonable decision — to postpone 2020’s tax-filing deadline from April 15 to July 15. Not only were taxpayers given an extra three months to submit their returns, but they also got three more months to pay any tax debt they owed without incurring interest or penalties.
Unfortunately, tax filers won’t get any extra time this year to tackle their tax returns. The IRS has confirmed this week that it will not, in fact, be pushing back the April 15 deadline this year. If you haven’t begun to give your taxes some thought, now’s the time to get moving.
Start working with your Extension Tax Application to push your due date from April 15 to October 15 automatically by filing the extension tax forms with the IRS on time
Form 4868 – Automatic Extension of Time to File Individual Income Tax Return – Due Date April 15
Form 7004 – Automatic Extension of Time to File Business Income Tax Return – Due Date March 15 / April 15 as per your Business Type.
Form 8868 – Automatic Extension of Time to File Non-Profit Business Income Tax Return – Due Date May 17
Form 2350 – Automatic Extension of Time to File U.S. Individual Income Tax Return – Out of Country by April 15 – Due Date is June 15.
Electronic Filing Is The Best Choice To Dealt With Your Quarterly Federal Excise Tax Returns
Time for Quarterly Federal Excise Tax Form 720 reporting for the 4th Quarter of 2020. Make a choice this year to move towards Electronic Filing, easy way to handle tax reporting and pay taxes online. TaxExcise.com is the only website that support electronic filing for the Excise Tax Returns reported on IRS Tax Form 720. New Deadline is February 1, 2021 (Jan 31 falls on a weekend, so the next business day falls the automatic due date)
Continue reading Electronic Filing Is The Best Choice To Dealt With Your Quarterly Federal Excise Tax ReturnsNEW YEAR NEW RESPONSIBILY – Federal Excise Tax Falls Due For 4th Quarter of 2020
Happy New Year from ThinkTrade Inc, that owns and operates TaxExcise.com! For businesses across America, 2020 was one of the most challenging years in history. Hope 2021 would be an year of new hope and opportunities that can help you start, grow, expand, or recover your business.
Despite the coronavirus pandemic, business owners have been resilient, pivoting, and adapting their business models to navigate continually changing conditions. With the new year on the horizon, there are potential new opportunities to take advantage of and ways to adapt to the challenges. ThinkTrade Inc. is working through the tax software’s to help you cross the tax barriers to an extend. Let us collaborate and work towards a better 2021 for everyone of us.
Continue reading NEW YEAR NEW RESPONSIBILY – Federal Excise Tax Falls Due For 4th Quarter of 2020An overview of excise tax by the Internal Revenue Service
In general, an excise tax is a tax is imposed on the sale of specific goods or services, or on certain uses. Federal excise tax is usually imposed on the sale of things like fuel, airline tickets, heavy trucks and highway tractors, indoor tanning, tires, tobacco and other goods and services.
Businesses that are subject to excise tax generally must file a Form 720, Quarterly Federal Excise Tax Return to report the tax to the IRS. Excise taxes are imposed on a wide variety of goods, services and activities. The tax may be imposed at the time of
- Import
- Sale by the manufacturer
- Sale by the retailer
- Use by the manufacturer or consumer
