Tag Archives: Electronic filing excise taxes

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Don’t miss the April 30 tax deadline, e-file Form 720 tax returns due for Q1, 2020

TaxExcise.com the only E-file service provider that helps to report a wide assortment of Excise Tax forms would like to keep you reminded about the upcoming April 30th Deadline on Form 720 for the 1st Quarter of 2020. Form 720 is filed every quarter to report taxes imposed on a business for the manufacture, sale or use of a certain type of goods and products, these businesses are required to pay extra taxes, known as “Excise Taxes” and this has to be reported by the last day of the month following the calendar quarter.

Due to the ongoing Covid-19 pandemic, most businesses will not have any excise tax to report for the first quarter, however, in order to abide and stay compliant with the IRS, these businesses should still file and report a Form 720 by selecting the option for a Zero Tax Liability.

Need Help Filing Online?

With the IRS closed due to the persisting lockdown most filers will find it difficult to file a paper return on time. The IRS offices might not be at your reach, but they’re fully operational to support E-filing and all the returns filed through our website are currently being processed by the IRS within minutes.

To ensure we are able to provide you with the best customer service, our tax experts are at your disposal for any Federal tax-related questions. Feel reach us on our toll-free number @ 866-245-3918 or drop us an email to support@taxexcise.com do also try out our LIVE CHAT option available on the website. We’re available on all Business days between 9:00 AM to 6:00 PM Central Time. Thank you for your support.

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Get your Form 720 tax reported quickly through our e-filing during the COVID-19 pandemic. Due April 30 for Q1, 2020.

We at TaxExcise at this time of a global crisis do understand your needs, and wouldn’t want you to miss out on the upcoming deadlines. The clock is ticking, as businesses are closed your work is piling up, that strict timeline is looming over your head and it’s seemingly more and more unlikely that you will meet the deadline. Even though the deadline for a considerable number of forms and payments have been postponed, there are still a handful of tax forms that have not been extended by the IRS and Form 2290, Form 720 and IFTA are namely a few.

Form720 is filed every quarter to report taxes imposed on the manufacture, sale or use of certain type of goods and products, the deadline to have this reported for the 1st quarter of 2020 is April 30.

Due to the current situation with the lockdown still in effect, the most common question we had come across is “Do we still need to file form 720 if we do not have any excise tax to report?“

The answer is “Yes”, though you have not made any sale that includes Excise tax you will still need to file form 720 by reporting a Zero Return (Zero Tax Liability).

Form2290 needs no introduction, as most truckers are already aware that this form needs to be completed when a vehicle is first used or placed into service during a tax year. The April 30th deadline is for trucks that started operations and were first used anytime during the month of March.

Preparing your IFTA tax report is fast, easy and more convenient when done online. Prepare your report for the First Quarter of 2020 before the April 30th deadline.

This April deadline happens to be the one that always stands out as it revolves around 3 tax forms that serve a different purpose. You can always depend on our E-file services that is currently open and processing returns online. Though the IRS offices are not operational, their E-file services are online and tax returns are currently being processed with a turn-around time of a few minutes.

Due to the COVID-19 Outbreak we at www.TaxExcise.com have initiated a contingency and business continuity plan to ensure that all our resources are at your assistance. If you have any questions or need any help in completing federal tax returns feel free to call our Help Desk @ 866-245-3918 or email us at support@taxexcise.com do also try out our Live Chat option available on the website. We’re available on all Business days between 9:00 am to 6:00pm Central Time.

Stay Safe, Stay Strong, we are in this together.

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Quarterly Federal Excise Tax Returns for 1st Quarter is Due this April 30

Federal Excise Taxes are taxes paid when purchases are made on a specific good, such as gasoline. This excise taxes are often included in the price of the product and collected from the buyer and paid at end of every quarter with the IRS. There are also excise taxes on activities, such as on wagering or on highway usage by trucks. One of the major components of the excise program is motor fuel, offering services like indoor tanning services, PCORI etc.

1st Quarter Federal Excise Tax Due on April 30

The first quarter federal excise taxes that a business has collected will consolidate it in the IRS Tax Form 720, and report it with the IRS by end of a quarter and pay,  it is due this April 30.

Form 720 Due for 1st Quarter Filing Continue reading Quarterly Federal Excise Tax Returns for 1st Quarter is Due this April 30 →

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ONLY Ten Working Days Left to E-file your 3rd Quarter Form 720

10-days-to-goThe Strongest fact about time is that “IT CHANGES”, it does not stay put for anyone. I will hit the gym tomorrow said all those obese people out there and never did. Procrastinating important things in life is very easy but, consequences faced due to the pinch of laziness we add to our schedule has devastating setbacks attached to it. Statistics says that people postpone things that are less frequently done.

One such thing that does not show up on calendars very often is the Filing of Federal Excise Tax Form 720. Though it knocks our door only Four times a year, missing to E-file it on time has huge penalties & added                interests which could even be more than the taxes owed. Gone are those days when the IRS Mails us the Form 720 and we complete it and mail it back to them. Even taxes have become advanced & have joined hands with      technology to go paperless. Continue reading ONLY Ten Working Days Left to E-file your 3rd Quarter Form 720 →

Electronic filing of Form 720, Form 720 Quarterly Excise Tax Efile

Excise Tax Categories that are reported through Excise Tax Form 720

“This is a question too difficult for a mathematician. It should be asked of a philosopher”(when asked about completing his income tax form)” ― Albert Einstein. Taxes are something that one cannot avoid till he/she is alive; likewise if you own a business you will have to file a list of taxes to keep your business alive. One such Tax is Federal Excise Tax, filed through Form 720 every quarter.

Any business that deals with goods and services are subject to excise tax, it must prepare a Form 720 quarterly to report the tax to the IRS. Ways to prepare and file your taxes are only two, Either your fill out a paper form, figure out complicated calculations and mail it to the IRS or E-file your Form 720 through www.Taxexcise.com , “THE ONLY E-FILE SERVICE PROVIDER FOR FORM 720”.

Below is the list of Major Tax Categories filed through Form 720: Continue reading Excise Tax Categories that are reported through Excise Tax Form 720 →