Category Archives: Electronic filing of Form 720

E-file Indoor Tanning Service, Electronic filing of Form 720, Electronic Filing or E-filing, Federal Excise Tax Electronic Filing, Form 2290 Efile, Form 2290 eFile for 2020, Form 2290 VIN Correction, Form 720, Form 720 Quarterly Excise Tax Efile, IFTA, IFTA fuel tax software, IRS Form 720, IRS Stamped Schedule 1 proof, IRS Tax Tips and Alerts, Tax 2290 Alert, Tax 2290 Users Alert, Tax Excise Users Alert, Tax Year 2020 eFile for 2290,, Truckers, Truckers Alerts and Needs, Vehicle use tax filing for 2020

With less than a month before the deadline, E-file Forms 720 and 2290 before 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. →
Electronic filing excise taxes, Electronic filing of Form 720, Electronic Filing or E-filing, Federal Excise Tax Electronic Filing, Form 720, Form 720 Quarterly Excise Tax Efile, IRS Form 720

The deadline for filing Form 720 for the first quarter of 2021 is April 30, e-file now!

Taxes are one of the most challenging and complicated aspects of running a business. There are several forms to fill out, each with its own set of conditions and deadlines. In light of that, businesses who deal with the selling of such products and services must file Form 720. These companies must pay “Excise Taxes,” which are additional taxes.

If the company is in charge of filling out Form 720, you must file it periodically and can do it either online or by mail. The IRS Form 720 has three components, as well as sections for Schedule A, Schedule T, and Schedule C. Excise taxes, on the other hand, must be paid on a semimonthly basis and through electronic funds transfer. A semimonthly period is described by the IRS as the first 15 days of the month (first semimonthly period) or the 16th to the last day of the month (second semimonthly period). Your excise taxes will be calculated as a percentage of gross revenue or a percentage of units sold, depending on your specific business.

Over a calendar year, this Federal excise tax is divided into four months, with each quarter’s date falling on the last day of the next month, i.e., by April 30 for the first quarter, July 31 for the second quarter, October 31 for the third quarter, and January 31 for the fourth quarter. The first quarter of 2021 (for the months of January, February, and March) must be submitted by April 30, 2021. Even if you are not responsible for excise taxes during any of the year’s quarters, you must submit Form 720 by the deadlines.

Continue reading The deadline for filing Form 720 for the first quarter of 2021 is April 30, e-file now! →
Electronic filing of Form 720, Federal Excise Tax Electronic Filing, Form 720, Form 720 Quarterly Excise Tax Efile

“Deadline Alert” FET Form 720 Due TODAY for the fourth quarter 2020

New Year, new challenges, and new deadlines. While the first month of this New Year is just over, we all must have started planning out our game plan. The start of this year also brings us the first deadline for Form 720. This Quarterly Federal Excise Tax Return has to be reported by the last day of the month following the calendar quarter, this form is filed every quarter to report taxes imposed on the manufacture, sale or use of a certain type of goods and products and the deadline for the 4th quarter of 2020 is February 1st which is Today. Failure to file or late filing will result in penalties with interest.

Do take note that even though you have no sale to report you will still need to file out a Form 720 by selecting the option for a Zero Return (Zero Tax Liability). This is to keep the IRS informed that you do not have any Excise taxes to report during the quarter.

Away from your desk, currently working from home, and is the upcoming deadline blues getting to you, Look No Further!!

To ensure we are able to provide you with the best customer service, our tax experts are at your disposal for any Federal tax-related questions. Feel reach us on our toll-free number @ 866-245-3918 or drop us an email to support@taxexcise.com do also try out our LIVE CHAT option available on the website. We’re available on all Business days between 9:00 AM to 6:00 PM Central Time. Thank you for your support.

Note: The IRS offices might not be at your reach, but they’re fully operational to support E-filing and all the returns filed online through our website are being processed by the IRS within minutes.

Electronic filing excise taxes, Electronic filing of Form 720, Federal Excise Tax Electronic Filing, Form 720, Form 720 Quarterly Excise Tax Efile, IRS Form 720

NEW 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 2020 →
2290 Android App, 2290 Mobile, CPA, Due Dates, Electronic filing excise taxes, Electronic filing of Form 720, Electronic Filing or E-filing, Federal Excise Tax Electronic Filing, Form 2290 Efile, Form 2290 eFile for 2020, Form 720, Form 720 Quarterly Excise Tax Efile, IFTA, IFTA fuel tax software, IRS Form 720, IRS Stamped Schedule 1 proof, IRS Tax Tips and Alerts, Tax 2290 Alert, Tax 2290 Users Alert, Tax Excise Users Alert, Tax Year 2020 eFile for 2290,, Truckers Alerts and Needs, Vehicle use tax filing for 2020

Today is the Deadline to file Form 720 excise tax return for the third calendar quarter of 2020 (July, August, and September)

We have an important message about your Form 720 tax returns, today is the deadline to file Form 720 excise tax return for the third calendar quarter of 2020 (July, August, and September). However it is only applicable for businesses that deals in goods and services subject to excise tax. If you were responsible for collecting excise taxes during this quarter and haven’t filed your tax return yet, you must prepare and file it by today, November 2nd, 2020.

Continue reading Today is the Deadline to file Form 720 excise tax return for the third calendar quarter of 2020 (July, August, and September) →