Tag Archives: Air Transportation Taxes

Don’t Miss the Deadline: It’s Time to E-file Form 720 and PCORI Fees.

Hello taxpayers! The second quarter is coming to a close, and for some businesses, it’s time to file the quarterly federal excise tax using the IRS Form 720. This Form is used to report and pay various federal excise taxes. The last date to report Form 720 for the second quarter is July 31, 2024. So, if you are a regular Form 720 taxpayer, you should not miss this deadline to report Form 720 for the second quarter of this tax year. E-file Form 720 in TaxExcise.com quickly and get instant acknowledgment today!

 

Continue reading Don’t Miss the Deadline: It’s Time to E-file Form 720 and PCORI Fees.

Air Transportation Taxes- Form 720 Excise Tax

Welcome back filers, last week we discussed about Environmental and Communication Tax, today our topic of discussion is Air Transportation Tax that is included in Part-I in excise tax. The tax included in the list is percentage tax and domestic segment tax. To get the total tax on transportation of people by air, you need to add the percentage and domestic segment tax. Continue reading Air Transportation Taxes- Form 720 Excise Tax