IRS Tax Form 720, or the Quarterly Federal Excise Tax Return, is where the businesses across America report and pay the excise taxes, must be completed at end of every quarter. The Federal Excise Taxes is imposed on specific goods or services that are manufactured in or imported into the U.S. Excise taxes are often included in the price of the product, like gasoline or alcohol, so you might not even realize you’re paying them. However, if your business sells a good or service that is subject to excise tax, then you are responsible for reporting and paying those taxes; IRS Form 720 allows you to do so.
Excise taxpayers you don’t have much time left to complete your 2nd Quarter Form 720 – Quarterly Excise Tax returns with the IRS. It is Due this August 2, 2021 Monday. Usually it falls due on July 31 and this year it was a weekend and the due date moved to the next business working day.
The Federal Excise taxes are paid on the service offered or goods sold that was included with a excise tax and reported in the IRS tax form 720. Electronic Filing is easy, fast and convenient; join millions of taxpayers enjoying the convenience and ease of online filing, immediate acknowledgement of receipt and faster service.
The Quarterly Federal Excise Taxes reported in IRS Tax Form 720 is now due for the 2nd Quarter 2021, choose electronic filing and report the tax returns online in 3 simple steps. Electronic filing is fast and easy, accurate filing guaranteed, receive instant acceptance from the IRS. TaxExcise.com is the top rated website to report and pay the Quarterly Excise Tax returns with the IRS. The only website that supports electronic filing at an affordable rate, Zero Liability 720 return pricing starts at $29.99.Continue reading Electronic filing for Form 720 ease your tax reporting
Are you unsure if you need to file Form 720 and pay the excise tax? We’ve come to inform you just that. If you own a company and sell goods and services that are listed on Form 720, The fee, on the other hand, is found in the items that consumers buy, such as fuel for your vehicle or plane tickets. Businesses that deal with these goods and services are responsible for paying the bill. Excise tax is paid on a quarterly basis, and the first installment is due by the end of this month, so you must pay taxes on or before April 30, 2021. This is a reminder to excise taxpayers to log in and efile form 720 (Excise Tax) and report their returns electronically on www.TaxExcise.com as quickly as possible.Continue reading TO AVOID PENALTIES, THE DEADLINE REMINDER ON TAXEXCISE FOR FILING YOUR FEDERAL EXCISE TAX RETURN ELECTRONICALLY FOR THE FIRST QUARTER 2021 IS APRIL 30, 2021.
As the FIRST IRS AUTHORIZED & ONLY DECADE OLD E-file Service Provider for E-filing, it is our duty to alert all excise taxpayers of the upcoming deadline. Form 720, Quarterly Federal Excise Tax Reporting, to be sent by the end of the calendar quarter. Form 720 is filed quarterly to record taxes levied on the manufacturing, distribution, or use of a certain class of goods and materials, with the first quarter deadline falling on April 30th, 2021. We’re halfway through April, which means we’re approaching the Due Date for the first quarter of 2021. Walking to the local IRS office or mailing the paper-filled Form 720 in this short time period is the slowest way of filing form 720 and you can foresee a delay in getting the filings acknowledged and if the date is skipped or filed late, you will have to incur penalties.
Keep in mind that even though you have no sales to record, you must also file a Form 720 by choosing the alternative for a Zero Return (Zero Tax Liability). This is to notify the IRS that you have no Excise taxes to declare for the year.Continue reading With less than a month before the deadline, E-file Forms 720 and 2290 before April 30, 2021.