C’mon excise filers, gear up for the third quarter Excise tax Form 720 filing . Before the date reaches our calendar, it is our duty to pay the dues to the IRS and leave behind the penalties. Excise tax is paid by businesses and companies who are directly involved in buying and selling of products. Form 720 is also known as Quarterly Federal Excise Tax Return. Also, do note, there are no extensions available for filing form 720 and this means every taxpayer have to file their return on or before the due date in order to avoid penalties.
October 31st the due date for third quarter and with online filing of excise tax, taxpayers can bid-bye the tedious calculations that will only welcome errors and rejections. With TaxExcise.com, we provide you with numerous supportive features, differentiate among the part 1 and 2 that the form holds. When you file your return online, you tend to save lot of time and energy. Also, you leave behind the trips to IRS office for submitting your return. In addition, visiting our website can help individuals and businesses get detailed information on form 720 and the various sections that come under it. Besides that, our tax-filing experts are there to provide complete assistance during the tax filing process at any time.
Although excise tax form 720 is to be filed quarterly but the “Patient-Centered Outcome Research Fee” form, which has been newly introduced is to be filed annually. However, other taxes such as indoor tanning tax, environmental and communication taxes, one-time gas-guzzler tax, retail tax, manufacturer tax, air transportation tax, and foreign insurance taxes are to be file quarterly. Keep in mind that the due date for filing any of the excise taxes mentioned above is October 31, 2014 (except Patient Centered Outcomes Research Fee). Filing on time not only saves from paying penalties but a step for serving the nation.
If you are looking for an easier way out for filing taxes, then efiling is the option you should go. If you are concerned about the security, TaxExcise.com, a prime product of ThinkTrade Inc which is an IRS certified e filing service provider where individuals and businesses can share their details without any doubt. In addition, those not so comfortable with online filing or computers can always rely on our tax experts for full service option. We have handful of them at our end to serve tax filers with their requirements, making your task easier indeed. For anything else, we are always available @ 1-866-245-3918 or send a mail tosupport@taxexcise.com for any queries or suggestions.