Tag Archives: Quarterly Federal Excise Tax Return

Why e-file Form 2290 and not paper file?

Greetings! You have landed at the right place in case you have been wondering why everyone’s talking laurels about e-filing over paper for long now. Obviously, you go green immediately, without wasting paper products of our beloved little left trees. The ability to file your tax returns round the clock throughout the week right at your desk at home makes life very comfortable and easy. The speed of the entire tax return process dramatically increases with e-filing over paper due to advanced internet capabilities thus saving you money and energy worked out on postage/fax/courier/delivery charges, which of course can be used over a million other valuables. Continue reading Why e-file Form 2290 and not paper file?

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.

Why and How to Keep Records of Your Tax Documents

‘Prevention is better than cure’ is one of the oldest phrases that we hear from time to time. In business when it comes to financial matters, it is important to keep records of all transactions as a precaution; be it small or a big transaction. The sole and the most important reason to perform business activities is to earn profit; increase the zeros in our bank accounts. At the same time, we want to make sure that no mistakes or problems occur while earning those hard earned dollars for IRS or anybody else to snatch it away from us. Hence we need a good record keeping system that can actually help you save money. Keeping records to maintain the progress of our business is just as important. As per the IRS, Keep records of all your Excise taxes for at least 3 years after the date the tax is due or paid, whichever is later. They must be available at all times for inspection by the IRS. When it comes to tax 2290, it is important to maintain records for the following reasons: Continue reading Why and How to Keep Records of Your Tax Documents

NOW E-FILE AND PAY INDOOR TANNING SERVICES EXCISE TAX WITH ANDROID APP

Many businesses offering indoor tanning services are required to collect a 10 percent excise tax on the indoor tanning services they provide. The provider must pay the excise tax to the government, quarterly, along with IRS Form 720, Quarterly Federal Excise Tax Return. The following information is designed to help indoor tanning services providers understand how to collect, file and pay the tax.

On July 1, 2010, the U.S. government instituted a new excise tax that applied only to establishments that provide indoor tanning. This additional charge, called the Indoor Tanning Services Excise Tax, is a part of the Affordable Care Act, especially to discourage the practice of indoor tanning, which has been shown to pose substantial health risks. Continue reading NOW E-FILE AND PAY INDOOR TANNING SERVICES EXCISE TAX WITH ANDROID APP

The Best Payment Methods Used While Efiling Tax Returns Online

So filers, how are you doing today. Here’s the quick reminder about the due date for excise tax that falls on 31st October 2014. The third quarter due date for   this Quarterly Federal Excise Tax Return is round the corner. Ensure you file your return on or before the due date or penalties would tag along. Continue reading The Best Payment Methods Used While Efiling Tax Returns Online