Businesses and individuals that do business in the U.S. are required by law to file taxes with the federal government. A variety of forms are filed based on varying circumstances of the individual taxpayer or company. A Form 720 is also known as a Quarterly Federal Excise Tax Return. Continue reading An overview about Excise Tax Form 720
Tag Archives: Form 720
Form 720, Quarterly Excise Tax Return for 4th Quarter of 2015 is due NOW!
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. Continue reading Form 720, Quarterly Excise Tax Return for 4th Quarter of 2015 is due NOW!
Tips for Truckers, who are at home this Holiday.
It’s that time of the year when most of the truckers are trying to reach home to spend time with their loved ones over the holiday season. Truckers who do not have a family, will mostly agree to stay out on the road to give time to their fellow Truckers who do have small children or family an opportunity to spend the holidays at home.
Few suggestions for truckers, before heading home this holiday Season: Continue reading Tips for Truckers, who are at home this Holiday.
Reasons to E-file Your Excise Tax Return with TaxExcise.com
You are still in Stone Age if you are still paper filing your Excise Tax returns. More than 80 percent of the taxpayers file their taxes electronically. The IRS has processed more billion’s tax returns safely and securely since 1990, the Official beginning of Efiling ERA. Very few still stick with paper filing
Below are the important reasons to switch to Efiling:
- Trust Technology for Accuracy: For simple calculations we use our mobile phones or calculators these days, for accurate tax calculations it’s always recommended to Efile your tax returns. IRS will reject your Tax return or your claim for simplest of calculation mistake, which can happen mostly when you try to Paper file your Tax return.
- Safety First: E-file service provider like TaxExcise.com follows strict guidelines to provide the best in encryption technology. When logged in to TaxExcise.com you will be in a “secure session” that is established with Secure Sockets Layer (SSL) and verified by COMODO’s Global Site Certificate Technology. While connected with SSL, every transmission between your computer and our websites are encrypted with 128-bit (strong) encryption.
- Response at the drop of a hat. You receive instant acknowledgement from the IRS on a tax return that is E-filed through TaxExcise.com. If the IRS rejects your tax return, you will receive an instant notification and you can quickly correct the return and resubmit it. An e-filed claim means a three times faster refund compared to paper return.
- Various options to pay-off: While e-filing one can enjoy different payment options like EFW Electronic Funds Withdrawal from the bank account, EFTPS Electronic Federal Tax Payment System or can even opt to the traditional check or money order option.
All the above mentioned points about E-filing can be summed up to one word “SIMPLE”.
www.taxexcise.com and www.extensiontax.com serves as a one stop shop for all your excise and extension tax needs. For all your Excise and Extension tax related questions call us @ 1-866-245-3918 or write to support@taxexcise.com.
Celebrate Due Date Week With TaxExcise And Efile Form 2290, IFTA And Form 720
Welcome to our blog, trucking nation. We are celebrating the “Due Date Week” at ThinkTrade Inc. being serious all day, and working towards one goal- Increase in sales! Each day is now a routine. And, that is why, we wanted to break the routine and do something weird and funky, adding in humor to our blog and make it more interesting for our readers. And that’s how we concluded to celebrate “Due Date Week”. Continue reading Celebrate Due Date Week With TaxExcise And Efile Form 2290, IFTA And Form 720