Tag Archives: Form 720

July 31 Deadline for 2nd Quarter Federal Excise Tax Returns time to know the penalties and interest rates

The federal excise tax returns reported on IRS Tax Form 720 is now due for the 2nd Quarter of 2019, this July 31. You just have couple of days left to have this reported and paid, never wait further or you might end up paying more than the tax amount.

Enough talked about the Federal Excise Tax reporting, this is the time to know what it would be the penalties and interest rated for missing the filing and paying deadline. With taxexcise.com, you can sit back and relax; we’re protected with Thawte SSL certificate, a leading Global Certificate Authority and McAfee Secure, making sure to serve you with the best and the secured website to file your return online.

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2018 Fourth Quarter Excise Tax Form 720 is DUE NOW!

“This is a question too difficult for a mathematician. It should be asked of a philosopher” ― Albert Einstein.

Taxes are something that one cannot avoid till he/she is alive; likewise if you own a business you will have to file a list of taxes to keep your business alive. One such Tax is Federal Excise Tax, filed through Form 720 every quarter.

Any business that deals with goods and services are subject to excise tax, it must prepare a Form 720 quarterly to report the tax to the IRS. Ways to prepare and file your taxes are only two, Either your fill out a paper form, figure out complicated calculations and mail it to the IRS or E-file Form 720 through www.Taxexcise.com , “THE ONLY E-FILE SERVICE PROVIDER FOR FORM 720”.

Below is the list of Major Tax Categories filed through Form 720: Continue reading

IRS confirms tax filing season to begin January 28

New Year’s is the perfect occasion to celebrate Love, friendships and all the good things in life. Let’s take the time to appreciate what Year-2018 has given us and what the new year 2019 is about to bring! A new year means new beginnings, new hope and time to work with the tax return preparation and reporting. We at ThinkTrade, Inc along with TaxExcise, ExtensionTax and Tax2290 wishing you and your family and friends a Happy New Beginning for 2019.

Here is the latest update from IRS about the filing season that is been confirm to start from Jan. 28th. However the IRS will begin accepting all business tax returns at 9 a.m. Eastern on January 8, 2019 which would include Federal Excise Tax Forms 2290, 8849 and 720. Infact the Federal Excise Taxes for 2018 4th Quarter is now due and Jan. 31 is the deadline, try reporting it online in an effortless and simplified website, TaxExcise.com Continue reading

One Stop Shop for all the Three Taxes that are DUE NOW!

Life’s a balancing act. You have multiple roles and goals, and you can do it all       – Denise Morrison

With just Three Official Working days remaining in July, we have three tax that are due.

Below is the list of taxes that are due: Continue reading

Three Tax Forms Supported by ThinkTrade Inc. that are DUE NOW!

“I hate paying taxes. But I love the civilization they give me” – Oliver Wendell Holmes Sr

 Taxes are part and parcel of our lives. Though you have notes on your calendars about upcoming Tax Due dates, as THE ONLY DECADE OLD AND THE FIRST EVER IRS AUTHORIZED E-FILE Service Provider for E-filing Heavy Vehicle Use Tax Form 2290 (HVUT) It becomes Our responsibility to remind every honest Excise tax payer about the Three Deadline that are DUE NOW Continue reading

Form 2290, Form 720 & IFTA all Three Taxes are Due NOW!

Those who are wise won’t be busy, and those who are too busy can’t be wise.  ― Lin Yutang

Well no matter how wise you are, if you are an Excise Tax Payer You are damn busy this month. That is simply because of the fact that it’s not 1 or 2 but Three Taxes are DUE as of now. The only E-file Service Provider who can cover you up for all the Three Taxes is www.Tax2290.com / www.TaxExcise.com – Products of Think Trade Inc.

The List of Taxes that are due: Continue reading

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

Must Use Services Offered by ThinkTrade Inc, that You Need this Month!

ThinkTrade Inc is an authorized and certified by IRS to offer e-filing services for federal excise taxes. ThinkTrade Inc is the FIRST EVER & THE ONLY DECADE OLD IRS Authorized E-file Service provider for E-filing Heavy Highway Vehicle Use Tax Form 2290. There are various Tax Forms, Supported by ThinkTrade Inc under the banner of www.taxexcise.com / www.tax2290.com . One can say for sure that there are no months without some or the other tax deadline.

Month of October comes with few Excise Tax obligations, below are the list of Tax Forms that are due this Month, than can be filed through ThinkTrade Inc’s Line of Products: Continue reading