Tag Archives: Quarterly Federal Excise Tax

Form 720 for 2nd Quarter Federal Excise Tax is now Due

The federal excise tax Form 720 to report and pay the excise tax on the goods or service offer is due now for the 2nd quarter of 2019. Form 720 electronic filing is easy, simple and quick at http://TaxExcise.com. The most economic and top rated website for Form 720 is now ready and started accepting returns.

Report PCORI FEE using Excise Tax Form 720

The Patient- Centered Outcomes Research Institute (PCORIfee, is calculated based on the average number of lives covered under the policy or plan.PCORI fees are reported and paid annually using IRS Form 720 (Quarterly FederalExcise Tax Return). PCORI Excise taxes can be reported using http://TaxExcise.com.

The Affordable Care Act (ACA) imposes a fee on health insurance issuers and plan sponsors of self-insured health plans to help fund the Patient Centered Outcomes Research Institute. The fee, called the Patient Centered Outcomes Research Institute (PCORI) fee, is calculated based
on the average number of lives covered under the policy or plan. PCORI fees are reported and paid annually using IRS Form 720 (Quarterly Federal Excise Tax Return). These fees are due each year by July 31 of the year following the last day of the plan year. The fee applies to policy or plan years ending on or after Oct. 1, 2012, and before Oct. 1, 2019. Although Form 720 is a quarterly return, for PCORI, Form 720 is filed annually only, by July 31.

PCORI Fee

The fee for policy and plan years ending on or after October 1, 2018, but before October 1, 2019, is the applicable rate of $2.45, multiplied by the average number of lives covered under the policy or plan. The fee for policy and plan years ending on or after October 1, 2019, but before October 1, 2018, remains at the applicable rate of $2.39, multiplied by the average number of lives covered under the policy or plan. See Patient-centered outcomes research fee (IRS No. 133), later, and Notice 2018-85.

eFile Federal Excise Tax Form 720 at

www.TaxExcise.com

Top Rated Website for Excise Tax Electronic Filing

Indoor Tanning Services Excise Tax

Many businesses offering indoor tanning services are required to collect a 10 percent excise tax on the indoor tanning services they provide. The provider must pay the excise tax to the government, quarterly, along with IRS Form 720, Quarterly Federal Excise Tax Return. The indoor tanning services providers file and pay the taxes online using http://TaxExcise.com.

Indoor Tanning Excise tax

Excise Tax on Indoor Tanning Services Frequently Asked Questions

Electronic Filing for form 720

Electronic filing is the easy, best and fastest way of reporting your federal excise tax returns with the IRS. Saves you time and money, as cheap as $49.99 for a return and saves you big on your preparation fee. 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. Also, we always tell our customers to check if the site they’re filing with is secured and IRS certified because as the technology is moving rapidly, number of frauds are increasing.

You can talk to our tax experts to discuss your queries related to tax, security and more, we are just a phone call away, just dial +1 (866) 245 – 3918 or shoot a mail-to support@taxexcise.com

tax Excise and tax 2290



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

Just a week left to complete your Quarterly Federal Excise Tax Returns

The Federal Excise Tax returns are reported at the end of a quarterly with the IRS through the Tax Form 720. This excise tax return is now due for the 1st Quarter of 2018, April 30th is the last date to report it. You could prepare and report it online through http://TaxExcise.com, the only website that supports electronic filing for all the federal excise tax returns.

Along with the Federal Excise Tax returns, IFTA Fuel Tax returns reports on your heavy motor vehicles for  the 1st Quarter is also due in this April, 30. Prepare it online, print them to file it manually with your state authorities.

Quarterly Federal Excise Tax Reporting

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IRS direct deposit leads to faster refunds

IRS Issue Number: IR-2018-90 – Inside This Issue

IRS refers direct deposit as an option for tax payment and this also leads to faster refunds when you owe back… here is more information from the IRS issue. 

WASHINGTON — With the tax deadline just around the corner, the Internal Revenue Service reminds taxpayers that making an electronic direct deposit of their refund into a bank or other account is the fastest way to get their money. A taxpayer can deposit their refund into one, two or even three accounts to help with retirement or savings.

Eight out of 10 taxpayers get their refunds by using direct deposit. It is simple, safe and secure. The IRS uses the same electronic transfer system to deposit tax refunds that is used by other federal agencies to deposit nearly 98 percent of all Social Security and Veterans Affairs benefits into millions of accounts. Direct deposit also avoids the possibility that a refund check could be lost or stolen or returned to the IRS as undeliverable.

Direct deposit is easy to use. A taxpayer simply selects it as the refund method when using tax software or working with a tax preparer, and then types in their account and routing number. It’s important to double check entries to avoid errors. Continue reading