Time for Quarterly Federal Excise Tax Form 720 reporting for the 4th Quarter of 2020. Make a choice this year to move towards Electronic Filing, easy way to handle tax reporting and pay taxes online. TaxExcise.com is the only website that support electronic filing for the Excise Tax Returns reported on IRS Tax Form 720. New Deadline is February 1, 2021 (Jan 31 falls on a weekend, so the next business day falls the automatic due date)
Happy New Year from ThinkTrade Inc, that owns and operates TaxExcise.com! For businesses across America, 2020 was one of the most challenging years in history. Hope 2021 would be an year of new hope and opportunities that can help you start, grow, expand, or recover your business.
Despite the coronavirus pandemic, business owners have been resilient, pivoting, and adapting their business models to navigate continually changing conditions. With the new year on the horizon, there are potential new opportunities to take advantage of and ways to adapt to the challenges. ThinkTrade Inc. is working through the tax software’s to help you cross the tax barriers to an extend. Let us collaborate and work towards a better 2021 for everyone of us.
We have an important message about your Form 720 tax returns, today is the deadline to file Form 720 excise tax return for the third calendar quarter of 2020 (July, August, and September). However it is only applicable for businesses that deals in goods and services subject to excise tax. If you were responsible for collecting excise taxes during this quarter and haven’t filed your tax return yet, you must prepare and file it by today, November 2nd, 2020.
For every tax professional and business owner alike competitive pricing has always been the deciding factor and need of the hour. Being the only decade old provider we at TaxExcise.com have always understood the needs of our customers. Through much-gained knowledge and multiple customer feedback we have come up with a game plan, you can now E-file Form 720 starting from low as $29.99 for detailed information on pricing you can also visit http://taxexcise.com/ExciseTax/Pricelist.aspx Users would also need to be reminded that the Third quarter of 2020 (for the months July, August, and September) is due by November 2, 2020. And Even if you are not liable for excise taxes during any of the quarters during the year, you must send in Form 720 before the due date.
The IFTA (International Fuel Tax Agreement) is also due for the third quarter of 2020 by November 2, 2020, the form can be easily prepared on the website, and once completed a pdf copy would be made readily available.
For users who have questions on your tax forms do reach our help desk for added support. We are operational from 9am to 6pm Central time, and to have maximum outreach in terms of customer service feel free to use our three-way line of communication, you can reach us at 866 – 245 – 3918 or write to us at support@taxexcise.com, LIVE CHAT support is also available that allows you to connect with our agents and get your questions answered instantly.
In general, an excise tax is a tax is imposed on the sale of specific goods or services, or on certain uses. Federal excise tax is usually imposed on the sale of things like fuel, airline tickets, heavy trucks and highway tractors, indoor tanning, tires, tobacco and other goods and services.
Businesses that are subject to excise tax generally must file a Form 720, Quarterly Federal Excise Tax Return to report the tax to the IRS. Excise taxes are imposed on a wide variety of goods, services and activities. The tax may be imposed at the time of
