Form 720 is a quarterly excise tax return that some; businesses must file with the Internal Revenue Service. According to the IRS, “Excise taxes are taxes paid when purchases are made on a specific goods, such as gasoline. Excise taxes are often included in the price of the product. There are also excise taxes on activities, such as on wagering or on highway usage by trucks.” If you accrue excise taxes in the course of doing business, you should know the rules on filing 720 taxes.
Who Must File Continue reading Form 720, Quarterly Excise Tax Return for 4th Quarter of 2016 is due NOW!
Good News for all the Excise Tax E-filers! IRS E-file Servers are now Operational and ready to accept and process business Tax returns. The IRS E-file servers were shutdown for year end maintenance like every year by Christmas Eve of 2016. They were expected to be up and running by January 6th, 2017 but there was a slight delay from the IRS end in resuming operations.
www.Taxexcise.com
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There’s a pumpkin on my stoop & I can see a black cat by my window. A ghost and a witch roam around on my lawn. All these are to notify me that Halloween is right around the corner and Our Halloween will neither start nor end on a happy note without wishing Every Single Tax Payer out there, so dear brothers & sisters, Wish You All a Very Happy Halloween.