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 3rd Quarter of 2017 is due NOW!
I’m Irish on St. Patrick’s Day. I’m Italian on Columbus Day. I’m a New Yorker every day – Tamara Tunie.
Lets add to it, we are American Citizens every Second. www.Tax2290.com / www.TaxExcise.com – Products of ThinkTrade Inc wishes everyone, especially those hard working Men and Women involved in Trucking Business a Happy Columbus Day. There is no such word in a Truckers Dictionary that reads Long Weekend, It is a well known Fact that they work round the clock so that we can have peaceful and pleasant weekdays, Weekends & Holidays.
Though Long weekend does not make any sense to Truckers but it can be looked up as an opportunity for Federal Excise Tax Payers to complete their Excise Taxes that are due by the End of this Month i.e. October 31st 2017.
Taxes Due by October 31st 2017: Continue reading Long Weekend Ahead – An Opportunity to file your Taxes due this Month!
Time and Tide waits for none! Very old saying but suits every situation especially when it comes to Taxes. July and August are very important months for Excise Tax payers, August 31st will be the due date to renew Form 2290 HVUT for Tax Year 2017 – 2018 but end of July has its own special due dates.
HVUT Form 2290:
The due date to file Form 2290, unlike other months Form 2290 is not due for renewal only for vehicles went into operation the previous month. BY June 30th all the Stamped Schedule 1 Copy would have expired and August will be the deadline to renew Form 2290 for every single Heavy vehicle on the road. Continue reading Monday is the Due Date to File These Three Taxes!
The Federal Excise Taxes for 2nd Quarter (April to June) of 2017 is due this July and July 31. is the last date to report it with the IRS.
The Affordable Care Act (ACA) imposes a fee on health insurance issuers and plan sponsors of self-insured health plans to help fund the Patient-Centered Outcomes Research Institute. The fee, called the Patient Centered Outcomes Research Institute (PCORI) fee, is calculated based on the average number of lives covered under the policy or plan.
PCORI fees applies to policy or plan years ending on or after Oct. 1, 2012, and before Oct. 1, 2019 are reported and paid annually using IRS Form 720 (Quarterly Federal Excise Tax Return). These fees are due each year by July 31 of the year following the last day of the plan year. This means that, for plan years ending in 2016, the PCORI fees are due by July 31, 2017. This PCORI fee is based on the average number of lives covered under the policy or plan, can be prepared and reported online with the IRS at http://TaxExcise.com an IRS Authorized e-file service provider for all excise tax forms including Form 720, Quarterly Federal Excise Tax return. Continue reading Report Excise Tax on PCORI Fee online
The events in our lives happen in a sequence in time, but in their significance to us they find their own order the continuous thread of revelation. Every new beginning comes from some other beginning’s end. The year 2016 ended and there began 2017, as soon as 2017 began we had several taxes lined up. Only a couple of days before, that is on April 18th we all either filed our Personal Income Taxes or we did file for an Extension.
So any Tax payer thinks that they are done for the month of April with the Taxes, they are absolutely wrong. There are a series of Excise taxes and IFTA that are due in April by the End of the month.
Taxes that is due in April: Continue reading After Income Taxes, Now it’s Time for Excise Taxes & IFTA
