With less than a month before the deadline, E-file Forms 720 and 2290 before April 30, 2021.

As the FIRST IRS AUTHORIZED & ONLY DECADE OLD E-file Service Provider for E-filing, it is our duty to alert all excise taxpayers of the upcoming deadline. Form 720, Quarterly Federal Excise Tax Reporting, to be sent by the end of the calendar quarter. Form 720 is filed quarterly to record taxes levied on the manufacturing, distribution, or use of a certain class of goods and materials, with the first quarter deadline falling on April 30th, 2021. We’re halfway through April, which means we’re approaching the Due Date for the first quarter of 2021. Walking to the local IRS office or mailing the paper-filled Form 720 in this short time period is the slowest way of filing form 720 and you can foresee a delay in getting the filings acknowledged and if the date is skipped or filed late, you will have to incur penalties.

Keep in mind that even though you have no sales to record, you must also file a Form 720 by choosing the alternative for a Zero Return (Zero Tax Liability). This is to notify the IRS that you have no Excise taxes to declare for the year.

The month of October also presents a new tax obligation for Interstate Truckers who run their vehicles in two or more IFTA jurisdictions. The International Fuel Tax Agreement (IFTA) report must be written and filed on a quarterly basis; the deadline for preparing and reporting IFTA for the first quarter of 2021 is April 30th.

We are also getting close to the Heavy Highway Vehicle Use Tax (HVUT) Form 2290 Due Date for Heavy Vehicles First Used in March 2021, which has been delayed since July 2020. Any Heavy Vehicle with a gross weight of 55,000 pounds or more must have a Form 2290 filed for it on or before the end of the month after the month in which it was first used on public highways, which means it is due on April 30th, 2021, equivalent to the dates of Form 720 and Tax Form IFTA.

With less than a month to go, the only option is to E-file your Form 720 and Form 2290 at www.TaxExcise.com. The average time consumed for filing the tax return online will be less than 30 minutes, and the IRS will normally deliver the acknowledgment within minutes. Though Tax Form IFTA cannot be e-filed, you can prepare your first quarter IFTA and mail it to the IRS using www.TaxExcise.com. Please contact our Tax Experts at 1-866-245-3918, write to them at Support@Taxexcise.com, or ping them using the LIVE CHAT option on the website.