Hello, federal excise taxpayers! It’s time to report the form 720 federal excise taxes for the third quarter of this tax year. This message is a gentle reminder that October 31, 2022, is the last date to report the federal excise tax form 720 to the IRS. Taxpayers must e-file form 720 at TaxExcise.com and stay ahead of the deadline in this quarter.
The 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
“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
Dear Excise tax filers, how are you doing? Today we are here to remind you all to file form 720 for the First quarter of 2016 which is due by April 29th.
The Quarterly Federal Excise Tax Return is used to file and pay excise tax due on the quarterly basis. Companies dealing with communication or environmental related business are required to file excise tax to the federal government. In addition, companies dealing with the sale of gasoline, tobacco, or services included indoor tanning may be required by law to file an excise tax return. Continue reading Reminder: Excise Tax Form 720 Is Due by April 29th 2016
Purpose of Form:
Form 720 and attachments can be used to report liability by IRS No. and pay the excise taxes listed on the form;
List of few excise taxes reported on Form 720 are: Continue reading Reporting Form 720 (Quarterly Federal Excise Tax Return)