The due date for Excise tax has reached our calendar and it’s our duty to pay the dues on time. Paying respect is what we deal with, irrespective of the business you own. Excise tax is paid by businesses and companies who are directly involved in buying and selling of products. The tax is included in the MRP, thus the customer does not have to pay any taxes. However, form 720 is also known as Quarterly Quarterly Federal Excise Tax Return, which is filed quarterly. Also, do note, there are no extensions available for filing form 720 and this means every taxpayer have to file their return on or before the due date in order to avoid penalties.
Coming back to the point, the form is divided into two important parts, I & II, each of the part dealing with a different taxes and you need to file for the business, service providers or selling of goods you are involved in before the due date i.e. 31st July 2014 to avoid penalties. However you may still efile it through www.taxexcise.com. From communication tax to gas guzzler tax is paid through form 720, however, there are other topics included in the form. So the better option is check through the instructions and file according to your business. And don’t forget to file your return online.
Also, do note, there is another form within Excise Tax, IRS form 2290, which is due date for the vehicles first used in the month of June, 2014. Also, if you belong to the tax season and you haven’t filed form 2290 for the heavy rigs you drive, it’s time to come over and file form 2290 online, leaving the penalties behind. You can get easy access to the form through Tax2290.com, the authentic service provider for filing Heavy Vehicle Used Tax.
However, if you own more than 25 heavy vehicles, you are required to e-file form 2290 online. this is made mandatory by the IRS and we are here to follow the rules not break them. We know how difficult is to handle everything in one go. That is the reason we advice truckers to come over and file form 2290 online with a different luxury tucked within.
This is not the end, you can online filing provides you with the chance to file from anywhere, anytime till you have a secure internet connection and few minutes in hand. And what’s next, you receive your schedule 1 copy in hand.
Also, if you are moving behind the wheels, you can always download Tax2290 app on your iPhone or Android Smartphone and pay your dues online with ease. However, when you are filing through your Smartphone, you can always look forward for assistance by our Tax Experts. Simply mail us to support@taxexcise.com or speak with our support center at 1-866-245-3918 for any questions or feedback.