Tag Archives: 3rd Quarter Form 720

Today November 1 is the 3rd Quarter Federal Excise Tax Deadline

For the kind attention of Federal Excise Taxpayers! If your business deals in goods and services subject to federal excise taxes — like air transportation, fishing equipment or gasoline — then you may have to complete IRS Form 720 on a quarterly basis to report and pay your federal excise tax. It is now due and today November 1, 2021 is the due date for the third quarter federal excise taxes. Here’s what you need to know about Form 720 in this comprehensive, step-by-step guide.

Form 720 electronic filing

Continue reading Today November 1 is the 3rd Quarter Federal Excise Tax Deadline

Form 720 & IFTA for Q3 due by November 2, 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.

An overview of excise tax by the Internal Revenue Service

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

  • Import
  • Sale by the manufacturer
  • Sale by the retailer
  • Use by the manufacturer or consumer
Excise Tax eFile
Continue reading An overview of excise tax by the Internal Revenue Service

Federal Excise Taxes for 3rd Quarter of 2020 is Now Due

It is October and time for the 3rd Quarter Federal Excise Tax reporting. If your business deals with quarterly excise taxes and liable to report it to the IRS then make sure you report and pay this by November 2, 2020 as the usual due date October 31, 2020 falls on a weekend, the due date is pushed to the next business day.

Electronic filing is the simple and easy process to prepare your 720, Quarterly Federal Excise Tax returns. By answering simple interview questions you can complete your excise tax returns in minutes. Electronic filing makes sure that you have all the information for the IRS to process your quarterly return and accept it.

Form 720 eFile
Continue reading Federal Excise Taxes for 3rd Quarter of 2020 is Now Due

Three Tax Deadlines are ready to haunt you this Halloween!

“The dead rise again, bats fly, terror strikes and screams echo, for tonight it’s Halloween”

 Halloween is not only meant for Kids. Kids have their own way of celebrating Halloween and we as THE FIRST EVER & THE ONLY DECADE OLD IRS Authorized E-file Service Provider For E-filing Heavy Highway Vehicle Use tax (HVUT) Form 2290, would like to Wish Every Single Excise tax payer a very happy Halloween. We would also like to alert every single user about the three Tax Deadlines that falls on the Halloween Day

Taxes that are due tomorrow: Continue reading Three Tax Deadlines are ready to haunt you this Halloween!