Hello, taxpayers! As the third quarter of this tax year comes to a close, businesses across the U.S. are preparing to report their quarterly excise tax returns. If your business deals with products, goods and services subjected to federal excise taxes, then you must report and pay the taxes to the IRS using the Form 720. With the deadline fast approaching, it’s time to ensure your Form 720 tax compliance and avoid penalties. E-file Form 720 on TaxExcise.com and get an instant acknowledgment to your registered email address now.
What is Form 720, and Who Needs to File It?
The Federal Government enforces taxes on specific goods and services. Owners, dealers, importers, and sometimes, consumers of these designated products and services are required to report the taxes to the IRS on a quarterly basis, using the federal excise tax Form 720. These taxes include environmental, communication, air transportation, and fuel taxes, among others. As the form contains lots of parts, divisions, and categories with numerous products, goods, and services, you must go through the form carefully, identify the category to which your product/service belongs, and prepare your tax reports. If you have any issues or confusion regarding Form 720, you can visit the IRS website for more instructions or contact our customer support desk for assistance. Failing to report your Form 720 taxes by the last date could result in IRS penalties, late charges, and interest on your tax dues. So, make sure that you submit your 720 tax reports for the third quarter on or before the end of this month.
The Deadline is Approaching Faster!
The deadline to report Form 720 excise tax returns for the third quarter is October 31, 2024. This date marks the final day to submit your quarterly excise tax return to the IRS for the period covering July 01, 2024, through September 30, 2024. It’s important not to delay, as late filing or payment can result in significant penalties and late fees.
Why E-filing Form 720 is the Smartest Choice?
For businesses of all sizes, Form 720 E-filing is the most preferred and effective method to meet tax deadlines. TaxExcise.com is an IRS-approved modernized Form 720 online E-filing service provider. You get faster processing from the IRS side when you E-file Form 720 on TaxExcise.com. We provide instant acknowledgment once your return is accepted by the IRS, giving you peace of mind that your tax filing was successful. The platform is designed to make the Form 720 E-filing process simple and efficient. Whether you’re a seasoned tax professional or a first-time filer, you’ll find our interface easy to navigate. You can smoothly choose your respective category in our platform and prepare your tax reports. Also, you can validate your 720 tax reports before transmitting them to the IRS. If the system shows any error in your tax preparation, you can quickly go back and correct it. TaxExcise.com guarantees a 100% accurate Form 720 E-filing process at the most affordable rates in the market—Form 720 E-filing costs just $49.99 per quarter. You can also use our yearly and seasonal packages to save more money. Contact our customer support team at (866) 245 – 3918 on all working days from 8 AM to 6 PM EST, or write to us at support@taxexcise.com for more queries.