Tag Archives: Quarterly Federal Excise Tax

Deadline Alert! May 01, 2023, is the Deadline for Form 720 and Pro-rated Form 2290!

Attention truckers and federal excise taxpayers! This message is for you. The last date to report form 2290 on a pro-rated basis for heavy vehicles first used on March 2023 and quarterly federal excise form 720 for the first quarter is May 01, 2023. If you are a trucking taxpayer or a Form 720 taxpayer, you must not miss the deadline and report the taxes on or before the last date. Otherwise, the IRS will charge heavy penalties, late charges, and interest on your tax dues. As the deadline is just a few days away, it would be best if you e-file form 2290 and form 720 on TaxExcise.com and get the acceptance to your registered email address at the earliest.

Continue reading Deadline Alert! May 01, 2023, is the Deadline for Form 720 and Pro-rated Form 2290!

The Deadline to Report Form 720 and Form 2290 is Due in Ten Days!

The last date to report form 720 for the first quarter is approaching soon.

The quarterly federal excise taxes are usually imposed on the price of the products and specific activities like entertainment, gambling, etc., and both federal and state governments impose them. Form 720 is used to report the quarterly federal excise taxes on certain products like gasoline and aviation fuels and specific services like indoor tanning services and PCORI. IRS charges these excise taxes during every quarter of the tax year from respective parties entitled to form 720 excise taxes. They are liable to pay quarterly excise taxes for their respective products or services to the IRS using form 720 within the deadlines during every quarter. The last date to report form 720 for the first quarter of this tax year is May 01, 2023. Therefore, form 720 payers must e-file form 720 to the IRS on or before the deadlines and get proper validation of their successful form 720 tax payments.

Continue reading The Deadline to Report Form 720 and Form 2290 is Due in Ten Days!

IRS is officially closed for maintenance and is expected to open for business soon!

Form 720 for fourth quarter is due by the end of this month.

Hello taxpayers! TaxExcise.com wishes you a very happy new year 2023! May this year bring all the love, laughter, and happiness to you and your family. We thank you for your constant support by choosing our platform to e-file federal excise taxes online. We look forward to serving you this year and coming years. Also, we would like to remind you that the quarterly federal excise tax form 720 is due on January 31st, 2023, for the fourth quarter. Therefore, taxpayers must report form 720 for their business/products and pay the tax dues on or before the deadline. Otherwise, the IRS will charge heavy penalties, late charges, and interest on your tax dues.

Continue reading IRS is officially closed for maintenance and is expected to open for business soon!

Still you can report your Federal Excise Taxes for 2nd Quarter of 2021

The federal excise taxes are reported to the IRS at the end of a quarter and for the 2nd Quarter of 2021 it was due on August 2, 2021. If you have missed the deadline you can still file it with the IRS at TaxExcise.com and minimize the late filing charges. Missing out tax reporting completely if not good for a business, it would affect your credits with the federal government. Start collecting your documents and complete your Federal Excise Taxes Online at TaxExcise.com, it is simple, easy and a step by step process any one can try efiling through us.

Quarterly Federal Excise Taxes

Continue reading Still you can report your Federal Excise Taxes for 2nd Quarter of 2021

PCORI Fee Reporting in Excise Tax Form 720

Experience the best way to report and pay your Federal Excise Tax Returns with the IRS. Going Digital means Easier Bookkeeping, time to move on with digital tax solutions to handle your business priorities.

PCORI Fee (Patient-Centered Outcomes Research Institute)

PCORI fees are reported and paid annually using IRS Form 720 (Quarterly Federal Excise Tax Return). These fees are due each year by July 31 of the year following the last day of the plan year. For plan years ending in 2020, the PCORI fees are due by Aug. 2, 2021 (since July 31, 2021, is a Saturday).

PCORI Fee - Due - July 31
Continue reading PCORI Fee Reporting in Excise Tax Form 720