Tag Archives: FET Form 720

Electronic Filing for Federal Excise Taxes Form 720

Are you responsible for collecting, any of the federal excise taxes listed on IRS Quarterly Federal Excise Taxes Form720? then this is a last minute alert for you to work on your Form 720, ExciseTax Reporting for 2nd Quarter of 2021. August 2, 2021 is the Due Date (July 31 is the usual due date to report it), act fast and choose electronic filing at TaxExcise.com

Electronic filing of Form 720 will allow IRS to provide expedited and improved service and reliability to taxpayers while reducing processing time and errors. 

Q2 - 720 Excisetax Efiling

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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

Today July 31 and the due date for 2nd Quarter Federal Excise Tax Filing

The D-Day to report and pay the 2nd Quarter Federal Excise Tax returns in IRS Tax Form 720. The last few hours to get it done with the IRS. Electronic filing is the best way to get it prepared and reported with the IRS. We can assure you that the returns will be processed by the IRS faster than any other mode of filing. Paper filing takes minimum of 3 weeks to get it processed by the IRS, where else the electronic filing for the efiling takes just 20 minutes for an update. At the worst case when IRS servers are busy processing thousands of returns you will get an update on the same day of filing.

July 31 Due Date for 2nd Quarter Federal Excise Tax Returns.

Continue reading Today July 31 and the due date for 2nd Quarter Federal Excise Tax Filing