Category Archives: Electronic filing of Form 720

Monday is the Due Date to File These Three Taxes!

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!

Report Excise Tax on PCORI Fee online

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 returnContinue reading Report Excise Tax on PCORI Fee online

After Income Taxes, Now it’s Time for Excise Taxes & IFTA

3 moreThe 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

List of Excise Taxes Lined up for you this April!

Life is complex. You don’t have any person who is nice from the beginning until the end. It is our attitude at the beginning of a difficult task which, more than anything else, will affect its successful outcome. Well began is half done. It is always a great idea to schedule all your tasks by the beginning of the month, so that you do not miss any important work that needs your utmost attention.

The month of April has just began, being an IRS Authorized E-file Service Provider it becomes our responsibility to remind Every Tax Payer about upcoming tax Deadlines for the month and where to get it done with ease.

Upcoming Tax Deadlines: Continue reading List of Excise Taxes Lined up for you this April!

3 Taxes, 2 Days & 1 Place to file all of them – www.Taxexcise.com

TaxesIt feels like 2017 has just begun, but we are almost at the end of the first month of 2017. Interesting thing about the month of January is that you have three tax deadlines colliding on the same day January 31st.

Three Taxes: Continue reading 3 Taxes, 2 Days & 1 Place to file all of them – www.Taxexcise.com