Deadline Alert!! The IRS Form 720 for Q1, 2022 is due by May 2nd

 


IRS Form 720, the Quarterly Federal Excise Tax Return, is a Federal tax return that businesses would need to complete once in three months and it is reported quarterly to pay Federal Excise Taxes. If your business sells goods or services that are subject to excise tax, you must report and pay these sales using IRS Form 720.

This Quarterly Federal Excise Tax Return has to be reported by the last day of the month following the calendar quarter and as the due date this year falls during a weekend the deadline to report IRS Form 720 for the 1st Quarter of 2022 (January, February and March) is the next following work day May 2nd. Be sure to have this form completed on time as failure to file or late filing will result in penalties with interest.

Continue reading Deadline Alert!! The IRS Form 720 for Q1, 2022 is due by May 2nd

Time for Quarterly Federal Excise Tax reporting for first quarter of 2022

The businesses that has to complete the Quarterly Federal Excise Taxes with the IRS at the  end of the 1st quarter of 2022, this is the time to choose electronic filing at TaxExcise.com. The IRS authorized electronic filing service provider is the first company to  support e-filing for all the federal excise tax forms at one place since 2007.

May 2, 2022 is the deadline to complete the 1st quarter Form 720 – Federal Excise Tax return with the IRS and pay the taxes to avoid late filing charges and penalties with interest. Simple steps and quick process at TaxExcise.com helps you to come through all hardship in preparing a  tax return. Accurate tax calculations and online tax payment options will make it stress free tax reporting.

Form 720 : Quarterly Federal Excise Tax Electronic Filing Continue reading Time for Quarterly Federal Excise Tax reporting for first quarter of 2022

Tax Time Guide: Electronic tax payment and agreement options available to taxpayers who owe

The Internal Revenue Service on March 22, 2022 through the Issue Number: IR-2022-63 reminded taxpayers who have a tax bill that there are several ways to make payments, and there are options for many people who can’t pay their tax bill in full by April tax deadline.

The deadline to submit 2021 tax returns or an extension to file and pay tax owed this year falls on April 18, instead of April 15, because of the Emancipation Day holiday in the District of Columbia. Taxpayers in Maine or Massachusetts have until April 19, 2022, to file their returns due to the Patriots’ Day holiday in those states. Some taxpayers who were victims of a natural disaster have even longer to file their returns.

April 18, 2022 is also the deadline for Extension Taxfilers, the IRS grants 6-months of automatic extension of time. C-Corps and Personal Taxfilers have to report Form 7004 and Form 4868 to receive the extension of time to report the tax returns. At https://ExtensionTax.com we support electronic filing for all the Federal Extension Tax returns. 

Tax Extension Electronic Filing  2022

Continue reading Tax Time Guide: Electronic tax payment and agreement options available to taxpayers who owe

Why should you file for a tax extension?

Before we even realize it, the tax season is here. And all the taxpayers need to stay alert on their respective due dates to file their tax returns and pay the tax dues to the IRS within the deadline to avoid any last-minute mishaps. The IRS will charge late fees, penalties, and interests if you miss the deadline based on your total tax due amount. The interest will be 0.5% to 1% based on your category, and it can go up to 25% per month of the total tax amount. Even 25% interest is unnecessary because you have the option to file a tax extension with the IRS to save you from all these penalties and interests. But IRS doesn’t grant tax extension time to pay your tax due amount. You have to pay at least 90% percent of your total tax amount by the actual deadline. IRS only gives a six-month tax extension time to submit your entire tax reports for the year along with the supporting documents.  

Extensiontax.com provides the best e-filing service for tax extension applications Form 7004, Form 4868, Form 8868, and Form 2350. We are an IRS authorized e-file service provider known for e-filing IRS tax extension forms for business and individual taxes. You can e-file all the above-mentioned tax extension forms to the IRS only at $14.99 per form in extensiontax.com. 

Extension Tax for Business Tax Returns

Continue reading Why should you file for a tax extension?

Move towards electronic filing to report and pay your Quarterly Federal Excise Tax Returns with the IRS

The Internal Revenue Service encourages taxpayers to take important actions this year by choosing electronic filing their federal tax returns in 2022. Electronic filing is the easiest way to complete a tax return and file it with the IRS in simple steps and easy returns. Electronic filing will help you to do your quarterly taxes by yourselves, saves you time and money on tax preparation. You shall receive the IRS acknowledgment instantly and no more waiting time. TaxExcise.com is committed to deliver a safer, easier and prompt service to the Quarterly Federal Excise Tax filers. The electronic filing starts here at $29.99 (for a zero liability return).

720 Quarterly Excise Taxes Online Continue reading Move towards electronic filing to report and pay your Quarterly Federal Excise Tax Returns with the IRS

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