The Internal Revenue Service collects taxes every quarter for selling of specific commodities such as gasoline. Besides, there being excise taxes individuals in the U.S have to file city taxes to report their income or property. Although, most individuals and businesses would be aware of the differences between the two tax returns but, those filing either of the taxes for the first need to have a clear understanding of both the taxes to make the filing process smooth. Additionally, e filing is better than paper filing, as this saves time also adding ease. Read below to learn how both the taxes are different. Continue reading Know the Differences between Excise Tax and City Tax
History about Federal Excise Taxes- Known And Unknown
Taxes are the major way for the government to make money. Federal excise taxes are imposed on the purchase and sale of goods such gasoline including truck owners and operators handling the trucking business. If you own a business in the U.S and responsible to file any of the federal excise taxes listed on the Part I or II in IRS form 720, then you must file every quarter and before the time expires. Filing excise tax in the US has an interesting history and reading this blog will provide you an insight into the trend for filing excise tax in the U.S have an interesting history and reading this blog will provide brief insight into the evolution of the Federal excise tax. Continue reading History about Federal Excise Taxes- Known And Unknown
Exceptional Thanksgiving Offer for Excise Tax Filers
Halloween has just gone by and thanksgiving is round the corner, it’s almost time to prepare for the thanksgiving party. With only few days left, it is good to start the preparations from now on. Moreover, it is a good time for truckers to spend time with their family and share their stories on the road. Besides, a small family get together can make their day special and memorable. To make it more special for them, TaxExcise.com announces a special Thanksgiving offer for excise tax filers having to file HVUT and other excise taxes before November 30. Continue reading Exceptional Thanksgiving Offer for Excise Tax Filers
Truckers, Your Friend In Need Behind The Wheels: Truck Dispatchers
It is true that trucking industry is totally relied on good truckers, their dedication and the commitment. Though they act as the glue of the industry, dispatchers are the backbone of the trucking company. Without them, drivers would be at a loss, so would these dispatchers. Continue reading Truckers, Your Friend In Need Behind The Wheels: Truck Dispatchers
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