So filers, how are you doing? Today we are here to remind excise tax filers to file form 720 for the third quarter of the calendar year. The last date for filing Quarterly Federal Excise Tax Return is 31st of October 2014. Continue reading Reminder: Excise Tax Form 720 Is Due This October 31st 2014
Category Archives: Electronic filing of Form 720
Explaining Part II in IRS Excise Tax Form 720
Filing excise tax return is no child’s play and involves several processes starting from understanding to filing the taxes. Excise tax form 720 engages several categories i.e. Part I, Part II, and Schedule A, T, and C. Speaking about the Part II available in IRS form 720, it involves several aspects such as ‘patient centered outcomes research fee’, ‘health insurance policies’, and ‘fishing equipment’. Reading this blog can help in a better understanding of the tax returns involved in the U.S federal excise tax return. Continue reading Explaining Part II in IRS Excise Tax Form 720
Form 720 and Environmental Taxes – A Sneak Peek
Taxation is considered to be one of the byzantine activities but there is no way one can escape from it. You may hire a tax professional to help you file excise tax return but it is always wise to understand the taxes you are paying for. With the several taxes levied by the Federal Government, Tax 720 is a quarterly Tax return that some and not all businesses file with the IRS. Although, understanding form 720 might not be easy but reading this article might make things clear and logical.
Quarterly Federal Excise Return: The Actual Purpose
The federal government collects excise tax on a wide-variety of goods and services such as indoor tanning excise tax, airline ticket tax, and gasoline tax. Although, the tax is included in the price but the seller and manufacturer should file a return to report to the Internal Revenue Service quarterly. It is advisable to select the right option from the taxes listed on tax 720 form. Read on to get a brief insight of the environmental taxes.
Environmental Taxes: Imposed on:
- Oil Spill Liability Tax
Businesses using crude oil, which includes natural gasoline and crude oil condensates should use form 6627 and 720 to file for oil spill liability tax.
- Imported Petroleum Products:
Whether used for consumption, warehousing, or any other purpose in the United States, businesses are legally responsible to file for excise tax 720. This tax is imposed only once, therefore businesses should ensure if the tax has already been imposed on.
- Ozone-depleting Chemicals or ODCs:
ODC tax is levied on manufacturers and importers for selling and using of ODC to generate income and for other purposes. However, there are scenarios when businesses can be exempted from tax ODC such as metered-dose inhalers, recycled ODCs, Exported ODCs, ODCs used in natural form.
E-filing Tax Return: The Viable Option:
With the filing date approaching soon (April 30th for first quarter), e-filing your tax return is the right way to reduce the hassles. Many CPAs filing tax return for their customers choose Tax720.com. By electronic filing you save the environment too. Call us @ 866-245-3918 to share your ideas or get your queries answered.
IRS Form 720 Deadline for the Fourth Quarter Of 2012
Fourth Quarter Deadline
Forgot about your fourth due for federal excise taxes? We (taxexcise.com) are here to remind you to e-file your IRS Form 720 for the fourth quarter of the year 2012. The deadline ends on January 31st 2013. This Federal Excise Tax Return is for the fourth quarter, i.e. for October, November and December of 2012. Continue reading IRS Form 720 Deadline for the Fourth Quarter Of 2012
Living with the goodness of internet? Then file taxes online with Awareness!
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SSL is a protocol used for data encryption over the internet. We use secure socket layer for the security and safety of our client’s personal information. One of the main reasons for us to be an SSL certified is to ensure the complete security of our customers. Since a sole-off connection is established between the server and the customer, the data passed across an SSL connection cannot be corrupted with. Another pro is the data sent is directed by means of a private communication channel. The numeric, special characters, alphabets, your credit card numbers, your addresses and other payment related details are encoded into information bits. Only random characters appear through. The right end-user with right keys alone can decode the information through the encryption key. Encrypted data are highly impossible to attack by hackers. SSL protects from phishing and pharming too. With the aid of SSL, it is quite troublesome to impersonate the site info’s. TaxExcise.com has passed out the audits like PCI compliance (payment card industry) that looks for proper SSL permit. A server that has such a credit is allowed to get credit card information. Apart from encryption, SSL certificate also provides the authentication which prevents you from sending your data to any criminal servers that likely look as your required server.
You can find the trust seal of security in Taxexcise.com. A well aware internet user always knows the necessity of SSL protection and would never miss such SSL certified service providers. Are you the one such to file your excise tax returns with us? Let us live our lives with happiness and file our taxes with awareness.