The clock is ticking fast, you’re just left with minimal time to have your 2nd Quarter Federal Excise Tax Returns reported across. If you owe taxes on top of the monthly deposits made and that has to be paid on or before July 31. Essentially, Form 720 needs to be completed by the last day of the first month that follows the end of the prior quarter (e.g. the second quarter ends on June 30, so the form is due by July 31). If the due date for filing Form 720 falls on a Saturday, Sunday, or legal holiday, you can file the return by the next business day. This month it falls on a week day so no buying time here.
Who must file Form 720?
You must file Form 720 if you were liable for, or responsible for collecting, any of the federal excise taxes listed on Form 720, Parts I and II, for a prior quarter or for the current quarter and you haven’t filed a final return.
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.
Tax planning should happen all year long, not just when someone is filing their tax return. An important part of tax planning is record keeping. Well-organized records make it easier for a taxpayer to prepare their tax return. It can also help provide answers if a taxpayer’s return is selected for examination or if the taxpayer receives an IRS notice.
This tip is one in a series about tax planning. These tips focus on steps taxpayers can take now to help them down the road.
Came across an interesting article in Big G Express Inc. through WIT eNews for July 2017. Check out here. We want this to be posted immediately in our blog to spread it across to our users and followers. ThinkTrade Inc. is an allied partner support Women In Trucking Association by offering 20% flat discount to WIT members to eFile 2290 Heavy Vehicle Use Tax returns using code “2290WIT2019“. Infact we’re a tax software development company owned and managed by a women, we feel proud to support and part of WIT. Here we go right into that article…
Resource for Women in Trucking
Being a woman in trucking definitely has its challenges. This career is hard enough, but it’s also important that you’re equipped with the knowledge and tools you need to do your job well, to stay safe, and to get the support you need for a long and successful career. Big G makes safety a priority across the board – not only behind the wheel, but also by encouraging the women on the Big G team (and throughout the industry) to have the resources and skills to protect themselves wherever they are.
As one of the most reliable company supporting American Truckers to report the Federal Heavy Vehicle Use Tax returns online, we bring the latest mobile technology to you, having the greatest number of powerful features enabling you to prepare and report 2290 Taxes. No matter, how you decide to prepare your 2290 tax returns: whether it would be using your home/office computer or smartphone devices, we promise to ease your electronic tax filing experience.
Every tax season you wish you could clone yourself as you realize that your time and resources are limited. With the growing popularity of self-prepared online tax reporting, more and more clients are choosing not to spend countless hours scheduling appointments with IRS or waiting at a tax preparer office to get their 2290 taxes prepared. Only eFile can get you the IRS Watermarked Schedule 1 Proof Receipt in minutes and that too only at Tax2290.com.
We’ve got you the smart solution compatible with all android devices that could connect with an internet, is ready to do your 2290 taxes in a jiffy. Our Tax2290 android mobile app that combines the convenience of online tax preparation with the expertise of professional support, which we call it door step tax reporting.
It’s summer and must-have items include fully charged cellphone, drinking water, umbrella… with merciless temperatures forecast over the coming days, be sure you and your vehicle are prepared before traveling on highways across the state highways. Motorists should always be ready for the possibility of becoming stranded, but that need is even more critical in extreme heat.
For you and your passengers: Have extra drinking water for everyone in the vehicle, including pets, an umbrella for shade and a fully charged cellphone. Pro tip: Take a cooler to keep extra drinking water cold, and consider adding several frozen bottles of water to use for cooling off or to thaw and drink if needed.
Taxpayers who filed an extension and are submitting their 2018 tax return this summer might be waiting for their tax refund. It’s easy for these taxpayers to check on the status of their money. They can just zip over to IRS.gov and use “Where’s My Refund?”
This tool is available on IRS.gov and through the IRS2Go app. Taxpayers can use Where’s My Refund? to start checking the status of their tax return within 24 hours after the IRS receives an e-filed return. For a paper return, it’s four weeks after the taxpayer mailed it.
For those of us in the trucking industry, we are well aware that the four-wheeler causes most crashes involving a commercial truck. It’s frustrating for all of us that student drivers to senior drivers are unaware of the blind spots, stopping distances and the massive weight of a tractor-trailer.
Every time the Federal Motor Carrier Safety Administration (FMCSA) creates (or changes) regulations that affect professional drivers, I hear complaints that they are the safe drivers and someone needs to educate the motoring public. These drivers feel as if the rules should apply to all drivers and not just those in 18-wheelers.
What they don’t understand is that the FMCSA CANNOT regulate cars. They were designed to regulate trucks and busses, and that’s why they have “Motor Carrier” in their name. The states have more authority to regulate automobiles, but the only federal agency that creates rules to govern cars is the National Highway Transportation Safety Administration.
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 (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 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.
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.
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.
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 firstname.lastname@example.org