Tag Archives: 2024

Act fast! The Time to Report Form 720 for the First Quarter is Approaching!

Hello, federal excise taxpayers! April 30, 2024, marks the last date to report your quarterly federal excise tax Form 720 for the first quarter to the IRS. If you own a business or service or deal with a product that comes under federal excise tax payments, filing Form 720 returns to the IRS on time is crucial. So, don’t wait. E-file Form 720 conveniently on TaxExcise.com and stay ahead of this quarter’s deadline. TaxExcise.com is here for your service to help make the process quick, easy and stress-free.

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Hurry Up! Form 2290 HVUT returns for February Used Vehicles are Due Soon!

Hello, truckers! This message is to remind you that if you have February used heavy vehicles in your fleet, it is time to report your Form 2290 HVUT tax returns to the IRS. The last date to report the Form 2290 tax reports for February used heavy vehicles is April 1, 2024. Therefore, you must report your Form 2290 tax returns at the earliest and get the Schedule 1 copy before the time runs out. You don’t have to pay or report your taxes for the entire tax period. You must pay only for the months you use your heavy vehicles on public highways. This is how the pro-rated or partial period taxes work; you should estimate your 2290 tax returns from the vehicle’s first used month until the end of the ongoing tax period. The last date to report pro-rated 2290 taxes is the end of the month following the first month of the vehicle’s use. If the last date falls on a weekend or public holiday, then it rolls over to the next working day.

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Don’t get caught in last-minute tension; E-file your taxes even if the IRS is closed for maintenance!

Hello taxpayers! The new year has started, and you might be wondering when the IRS will be back online to process your tax returns. The deadline for Form 720 and IFTA taxes for the fourth quarter is approaching soon, so you might look for a way to stay ahead of the deadline amidst the IRS downtime. Don’t worry TaxExcise.com is there for you, as usual, to support you in this challenging and confusing time. You can still prepare your Form 720 tax reports for the fourth quarter on our platform and submit the tax returns with us. We will hold them with us in our secured system and will forward them to the IRS once they finally emerge from their shutdown slumber. This way, you can stay way ahead of the deadline, avoid last-minute tension, and get the necessary acknowledgements at the earliest.

Similarly, the IFTA tax deadline for the fourth quarter is also approaching at the end of this month. However, the federal government doesn’t allow online filing of IFTA taxes. Still, you can prepare your IFTA tax reports online with 100% accuracy in our platform and paper file the ‘Ready to file’ pdf copy at your base jurisdiction on or before the deadline.

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