Category Archives: Form 720

Avoid Penalties; Form 720 and IFTA taxes are due for the Second Quarter.

Hello, federal excise taxpayers! If you want to report your Form 720 federal excise taxes for the second quarter of this tax year, you must do it before the deadline, July 31, 2023, which arrives in a few days. Also, the same day marks the deadline for filing your IFTA tax reports for the second quarter. It is essential for your business to stay on top of your quarterly tax obligations to comply with the law and avoid penalties at the same time. Therefore, if you are liable to pay federal excise taxes for your business or services using IRS Form 720, e-file Form 720 on TaxExcise.com to stay ahead of the deadline. If you are an IFTA taxpayer, prepare your IFTA reports accurately in our platform and file them before the last date. TaxExcise.com provides a convenient platform to e-file Form 720 directly to the IRS and prepare accurate IFTA reports online.

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Federal Excise Tax Form 720 is Due for the Second Quarter!

Hello taxpayers! The federal excise tax Form 720 for the second quarter of this tax year is due on July 31, 2023. Also, annual PCORI taxpayers should report their taxes using Form 720 during the second quarter of the tax year. IFTA taxes are also due for the second quarter on July 31, 2023. Therefore, Form 720 and IFTA taxpayers must be aware that the deadline is approaching in ten days, and you must complete the deadline to report and pay Form 720 and IFTA taxes. TaxExcise.com offers a convenient platform to e-file Form 720 smoothly and accurately to the IRS. Since IFTA taxes must be filed manually, TaxExcise.com supports online IFTA tax preparation, where you can prepare your IFTA tax reports for the quarter accurately in our platform and download and print them to paper file manually.

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TaxExcise.com welcomes you to e-file Form 2290 online for the new tax season.

A shout–out to all truckers and trucking taxpayers! TaxExcise.com wants to remind you that the new tax season, 2023 – 2024, is here. You must file your HVUT returns to the IRS using Form 2290 without any delays and get the Schedule 1 copy before the deadline. The last date to report Form 2290 HVUT returns to the IRS for the current tax season is August 31, 2023. So, we request all truckers and trucking taxpayers to choose Form 2290 e-file on TaxExcise.com to report their taxes and get the Schedule 1 copy on time.

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Deadline Alert! May 01, 2023, is the Deadline for Form 720 and Pro-rated Form 2290!

Attention truckers and federal excise taxpayers! This message is for you. The last date to report form 2290 on a pro-rated basis for heavy vehicles first used on March 2023 and quarterly federal excise form 720 for the first quarter is May 01, 2023. If you are a trucking taxpayer or a Form 720 taxpayer, you must not miss the deadline and report the taxes on or before the last date. Otherwise, the IRS will charge heavy penalties, late charges, and interest on your tax dues. As the deadline is just a few days away, it would be best if you e-file form 2290 and form 720 on TaxExcise.com and get the acceptance to your registered email address at the earliest.

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The Deadline to Report Form 720 and Form 2290 is Due in Ten Days!

The last date to report form 720 for the first quarter is approaching soon.

The quarterly federal excise taxes are usually imposed on the price of the products and specific activities like entertainment, gambling, etc., and both federal and state governments impose them. Form 720 is used to report the quarterly federal excise taxes on certain products like gasoline and aviation fuels and specific services like indoor tanning services and PCORI. IRS charges these excise taxes during every quarter of the tax year from respective parties entitled to form 720 excise taxes. They are liable to pay quarterly excise taxes for their respective products or services to the IRS using form 720 within the deadlines during every quarter. The last date to report form 720 for the first quarter of this tax year is May 01, 2023. Therefore, form 720 payers must e-file form 720 to the IRS on or before the deadlines and get proper validation of their successful form 720 tax payments.

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