The Indoor Tanning service providers are charged with 10% of excise tax for the tanning service they offer. One of the first revenue provisions in the Affordable Care Act to be implemented was the indoor tanning services excise tax, which went into effect on July 1, 2010. The provision applies to almost all businesses that operate ultraviolet tanning lamps, which are required to collect a 10-percent tax on all sales of tanning services.
IRS Tax Form 720 – 2nd Quarter Return is Due now by July 31. eFile it at TaxExcise.com, the only website to eFile Federal Excise Tax Returns wit the IRS.
The IRS Tax Form 720 is used to report and pay the Federal Excise tax returns with the IRS. Taxes are filed year on year, quarter to quarter; yes, another year, another tax return. We inch closer to the 2nd quarter filing deadline, July 31 is the last date to get it reported with the IRS.
IRS Tax Form 720 – Federal Excise Tax Reporting
Many of the business taxpayers who deal with specific goods or services that are manufactured in or imported into the U.S. incur Excise Taxes which is often included in the price of the product, like gasoline or alcohol, so you might not even realize you’re paying them. Let us redefine some of the general question exactly what is Form 720? What is an excise tax? Well before starting with Form 720, let us know that IRS Form 720 consists of three parts, as well as Schedule A, Schedule T, and Schedule C sections and a payment voucher (called Form 720-V). If your business is responsible for completing Form 720, you must do so quarterly and can file electronically or by mail. Payments for excise taxes, however, are required on a semimonthly basis and should be made by electronic funds transfer.
If your business deals in goods and services that are subject to excise tax—like air transportation, indoor tanning service, PCORI, fishing equipment, or gasoline—then you’ll have to complete IRS Form 720. Form 720 must be filed with the IRS on a quarterly basis in order for your business to report and pay your federal excise tax liability.
Although many business owners still prefer to work on paper, you may be able to save yourself both time and hassle by utilizing the IRS’s e-file program. Completing the form electronically will save you money on paper and stamps—plus, you won’t be relying on your mailing system to make sure you meet your deadline.
Time is on for Truckers to start preparing the Federal Vehicle Use Tax returns for the new tax year, July 2019 to June 2020.
Pre File 2019 – 20 Form 2290 Tax returns at a Special Discounted Price! Apply Code “EARLYBIRD” to treat yourself the special discount for prefiling 2290 truck tax returns!
Howdy fellas! TaxExcise.com & Tax2290has good news for you all waiting to file form 2290 tax returns online for 2019-20 tax year. You can now pre-file your returns online only at TaxExcise.com.
Being pioneer in the world of e-filing, we have put great effort in making this possible for you. So you can submit your form 2290 tax returns electronically for 2019-20 even before the tax year officially begins. At a flat 10% discount on our e-file preparation fee with the coupon code “EARLYBIRD”, valid till 30th June. HURRY!
What Happens When You PRE-FILE @TaxExcise.com?
Our motto behind the pre-file is to offer you an easy renewal process of your schedule-1 copy for the new tax year since, IRS e-file servers would likely be snail-slow during season time due to the e-file traffic they receive. So the sooner you e-file at TaxExcise.com, the faster you get your Schedule-1 copy stamped! It is true that IRS wouldn’t accept any 2019-20 tax returns until first week of July 2019.
However TaxExcise.com would hold your tax returns filed through us and securely submit them to the IRS the moment they open for 2019-20, and deliver your schedule-1 copy to your e-mail address instantly.
Do note, the IRS
would remain closed on the below mentioned days and would process the returns on
the next business day:
July 4th Thursday – Independence Day (Federal holiday)
Saturday & Sunday
Be the early bird
and e-file your form 2290 tax returns today. TaxExcise.com
recommends all truckers to e-file their returns online at the earliest in order
to stay on safer grounds.
Call us at 1-866-245-3918 or mail us at support@TaxExcise.com for any
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Form 720 is a quarterly excise tax return that some; businesses must file with the Internal Revenue Service. According to the IRS, “Excise taxes are taxes paid when purchases are made on a specific goods, such as gasoline. Excise taxes are often included in the price of the product” If you accrue excise taxes in the course of doing business, you should know the rules on filing 720 taxes.
Form 720 is a quarterly excise tax return that some; businesses must file with the Internal Revenue Service. According to the IRS, “Excise taxes are taxes paid when purchases are made on a specific goods, such as gasoline. Excise taxes are often included in the price of the product” If you accrue excise taxes in the course of doing business, you should know the rules on filing 720 taxes.