The federal quarterly excise tax returns are due now for the 2nd Quarter of 2019. Electronic filing could save your time, effort and money. Yes, getting started with Form 720, Federal Excise Tax reporting is easy and fast at TaxExcise.com.
Federal Excise Tax Reporting
If your business deals in goods and services that are subject to excise tax—like air transportation, indoor tanning service, PCORI, fishing equipment, or gasoline—then you’ll have to complete IRS Form 720. Form 720 must be filed with the IRS on a quarterly basis in order for your business to report and pay your federal excise tax liability.
Although many business owners still prefer to work on paper, you may be able to save yourself both time and hassle by utilizing the IRS’s e-file program. Completing the form electronically will save you money on paper and stamps—plus, you won’t be relying on your mailing system to make sure you meet your deadline.
Your business needs to fill out IRS Form 720 if you deal in the goods or services for which excise taxes are due now fr 2nd Quarter by July 31. The products and services can include, but are not limited to:
- Telephone communications
- Fuel Taxes
- Air transportation
- Passenger ship transportation
- Fishing equipment
- Indoor tanning services
- Bows and arrows
- Vaccines and
- PCORI Fee.
Start with your electronic filing, and built a moment to your business with faster processing of your tax returns. Electronic filing is easy, best and great for companies as it saves your the time, money like assets. You can have a digital copy of your tax documents and you can do your taxes on your own. Convenient, safe and secured filing, with encryption of tax data from your computer to the IRS computers without any threat to the tax data. TaxExcise.com is the top rated and 5 Star Rated website for all Federal Excise Tax Reporting in one place. Kick start your eFiling journey right at TaxExcise.com.