Tag Archives: excise tax

Form 720, Quarterly Excise Tax Return for 4th Quarter of 2017 is due NOW!

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. There are also excise taxes on activities, such as on wagering or on highway usage by trucks.” If you accrue excise taxes in the course of doing business, you should know the rules on filing 720 taxes.

Who Must File

If, as a business entity, you were liable for any of the federal excise taxes listed by the IRS on Form 720, Parts I and II, you must file the form. The excise taxes included in Part I are such items as petroleum spill taxes and ozone-depleting chemical tax; communications and air transportation taxes; fuel taxes for diesel, kerosene, gasoline, and other gases; coal and tire manufacturing taxes.

In Part II, the IRS enumerates such excise taxes as those related to the sales of sport fishing and archery, inland waterways fuel use taxes and Bio-fuel sold, but not used as fuel. Continue reading

Time to Prepare and File your 2017 4th Quarter IFTA!

 

The deadline to file your 2017’s 4th Quarter IFTA Return is January 31, 2018. A Quarterly IFTA Tax Return must be filed even if the licensee does not operate or purchase any taxable fuel in an IFTA member jurisdiction during the quarter.

 

What you need:

  1. Mileage log-whether you use manual trip sheets, GPS, or electronic trip sheets; it is not only necessary to have in order to file your quarterly IFTA return, but you will need these if you are even audited.
  2. Fuel Receipts-you will need to know how many gallons of fuel were purchased in each state.

 

Options to prepare and file your return:

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2017’s Taxes that are due by January 2018!

www.Taxexcise.com / www.Tax2290.com – a product of Think Trade Inc wishes you all a very Happy New Year. A fresh new year is once again upon us. It’s the time to be thankful for the blessings of the past year and to take stock of all our achievements. At the same time, New Year 2017 is a brand new year to start afresh, to start strong, and yet another chance to do everything we want to do this year.

Hope you all had a great holiday season; it’s now time to get back to business & take care of the last obligations of 2017. Though Fiscal year 2017 has ended there are few Taxes of 2017 that are due this month i.e. January 2018. Below are the list of Tax Forms that are due by January 2018 & those are supported by www.Taxexcise.com / www.Tax2290.com – a Product of Think trade Inc. Continue reading

List of ThinkTrade Inc’s Services – You Need This Month!

ListThinkTrade Inc is authorized and certified by IRS to offer e-filing services for federal excise and extension taxes. There are various Tax Forms, Supported by ThinkTrade Inc under the banner of www.taxexcise.com / www.ExtensionTax.com / www.tax2290.com . One can say for sure that there are no months without some or the other tax deadline. Right now we are in the month of April and we know that there is a huge list of tax Forms that are due this month.

 

Below are the lists of Tax Forms that are due this Month, than can be filed through ThinkTrade Inc’s Line of Applications: Continue reading

Think Trade Inc & its Line of products

ThinkTrade Inc, a leading tax preparation software provider Headquartered in Franklin, Tennessee, we offer high-end technology solutions and services. Since its inception, we have left our imprints behind, working harder towards one goal, customer delight. This article will briefly explain about the line of products & services that are offered under the banner of Think Trade Inc: Continue reading

IRS Form 2290: Excise Tax- Part-1

Truckers are backbone of the nation and the continuous effort they put forward makes us hard to picture our lives without them. Whether food, water supplies or medicines, truckers bring them to us, on time.

However, apart from making their on-time deliveries, filing form 2290 is mandatory for truckers in order to pay a tribute to the nation for using the public highway. Of course, there is no way they would escape from the same as this implies to the suspended and exempt vehicles as well.

IRS form 2290 is a part of excise tax filed in the U.S and it is no new thing for truckers to learn about form 2290 and we are thankful to them for keeping the highways properly maintained. However, in this blog we shall discuss some of the basic and essential facts related to 2290 form, also helpful for truckers filing the IRS form for the first time. Continue reading

E-file Form 720 Now with Flat 50% off

720-discountHere comes the biggest block buster Discount of the year, from the best in the business in E-filing Excise Tax Forms to the IRS. Taxexcise.com the first ever IRS authorized e-file service provider Offers a Flat 50% discount on the e-filing service fee for IRS Form 720 to the benefit of its customers. Existing customers and new filers can make use of this Discount offer. It’s the same great service at a much lesser price.

Form 720 is used to file Excise Taxes like Environmental tax, Communication tax, Air transportation tax, Fuel tax, Retail tax, Ship passenger tax, Manufacturers tax, Foreign insurance tax and Floor stocks tax. Filling out the Form 720 by paper is a time consuming task and some serious calculations involved in it as well. Taxexcise.com has simplified the process and has completely eliminated the calculation part by adding an inbuilt Tax calculator, which does the entire math for the filer.

E-filing is the process of Filing taxes electronically to the IRS for which one has to go through a E-file service provider like Taxexcise.com. Showing Gratitude to its customers Taxexicse.com has slashed their E-filing fee by 50% to E-file form 720. This website always stays updated with the latest changes made to the tax form by the IRS. One such example is the Indoor Tanning tax and Medical Devices Excise tax added to the application. These are the latest additions to the tax forms Part II. Taxexcise.com is already equipped to file for these taxes and also certified by the IRS to E-file for the same.

The website’s customer service has been rated #1 by excise tax payers and has always met their expectations. E-filers can reach them @1-866-245-3918 or write to them to support@taxexcise.com .

E-Filling Made Easier with ThinkTrade Inc

How do you think you will manage your trucking business along with filing your tax returns on time? Sounds difficult right! ThinkTrade Inc. a BBB certified company helps you e-file with a single click of a mouse. Trusted by many tax payers across the country, the company has made the filing of tax return simple and hassle-free. However, to understand the advantages of choosing ThinkTrade.com it is essential you understand the major differences between paper filing and electronic filing.

E-File to Spend Time with Your Family

It’s true, your work demands more time and dedication but even a little bit of spare time is what you always desire for. Filing your tax return on paper is time consuming especially when you have to do the calculations, but becomes easy if you e-file your returns online. Whether you want to pay your HVUT returns, excise tax, or want refund choose ThinkTrade Inc’s products to do it in minutes and with accuracy. The easy to use and friendly application can be handled by your wife too, so stop worrying about the last minute hassles and use the spare time to share special moments with your family.

E-File and Save the Environment

Dear truckers, ‘using less paper not only saves money, it can reduce poor practices and inefficiencies’. Paper filing adds to your expenses such as printing and postage. Therefore, it is the right time you should take a step forward to protect your environment by e-filing your tax at Tax2290, a ThinkTrade Inc product from now on. Your idea to pay your taxes online would inspire your fellow truckers too.

E-File to Get Your Schedule1 in Minutes

Paper filing is a lengthy process and you do not know if you would get the proof of payment on time. Moreover, if you are filing the last minute there are chances of making errors. We at ThinkTrade.com understand your business and the stress that you undergo. Therefore, have designed an application where you can make accurate calculations and get the proof of payment in minutes. For example, if you are filing for HVUT return, then wait no longer to get your schedule-1.

We at ThinkTrade understand and value your time. So, why delay, use our e-filing application to pay your excise taxes today!