Hello taxpayers! It’s time to report the form 720 federal excise taxes for the second quarter of this tax year. This message is a gentle reminder that August 1, 2022, is the last date to report the federal excise tax form 720 to the IRS. E-file form 720 at TaxExcise.com and get the acceptance instantly. So, e-file form 720 now and stay ahead of the deadline.
Continue reading A gentle reminder on form 720 federal excise tax deadline!
Hello taxpayers! The new tax season, TY 2022-2023, for the HVUT form 2290 is now open, and truckers are actively e-filing form 2290 truck taxes at TaxExcise.com to stay ahead of the deadline, which is on August 31, 2022. The IFTA tax for the second quarter of this tax year is also due on August 01, 2022.
Hello taxpayers! As the due date for the second quarter of form 720 is approaching soon, you need to prepare and file form 720 before the time runs out. E-file your quarterly excise tax form 720 at TaxExcise.com today to stay ahead of the deadline and get the acknowledgment of your tax payment from the IRS immediately.
Ahead of the upcoming truck tax year, we have been successfully providing form 2290 pre-filing services for the benefit of truckers to pre-file form 2290 online. Many truckers and truck taxpayers had already made use of this opportunity and completed their form 2290 online pre-filing ahead of the upcoming tax year, 2022-2023. If you haven’t done your form 2290 pre-filing, don’t miss out on this chance to pre-file form 2290 online at TaxExcise.com.
The federal excise tax form 720 e-filing has been successfully done for the first quarter at TaxExcise.com. The due date for form 720 second quarter of this tax year is approaching soon. So, prepare to e-file form 720 excise taxes before the deadline.
The new tax season for this year, TY 2022-2023, is coming up in just a few days. Every year, the tax period starts around the first week of July and lasts till the end of next June. So, the taxpayers should report and pay the form 2290 truck taxes in advance for the entire tax year. They should file form 2290 and get the schedule 1 copy as the acknowledgment to continue the trucking operations smoothly. And they should report the form 2290 HVUT within the end of August, which is the deadline to file the form 2290 to the IRS.
Did you know, The first PCORI fee was assessed for plan years ending after Sept. 30, 2012, and the fee for the first plan year was $1 per plan enrolee, it increased to $2 per enrolee in the second year and was then indexed in subsequent years based on the increase of the projected per capita amount of National Health Expenditures.
We have certainly received an influx of inquiries regarding the IRS’ plans for PCORI, and just as we thought, the IRS has EXTENDED the Patient-Centered Outcomes Research Institute Fee (PCORI) for an additional 10 YEARS. As a result of this extension, PCORI fee will continue to be imposed through 2029.
In the Sections 4375 and 4376, the IRS set the amount used to calculate the PCORI fee at $2.54 per person covered by plan years ending Oct. 1, 2019, through Sept. 30, 2020. The applicable rate for policy and plan years ending on or after October 1, 2020, will be included in future revisions.
The next annual fee that sponsors of self-insured health plans must pay to fund the federal Patient-Centered Outcomes Research Institute (PCORI) is due July 31, 2020, and should be reported on the second quarter filing of 2020.
Continue reading 10-Year Extension of Patient-Centered Outcomes Research Institute (PCORI) Fee, due by July 31, 2020
