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IRS Excise Tax Form 720 – Section I

Unlike other taxes, the Internal Revenue Service implies excise tax on manufacturers and businesses involved in the sale of goods and services. Filed on quarterly basis, this IRS form consists of two sections i.e. Part-I and II therefore, tax filers should make the right choice when filing the tax return. Many people hardly realize that they are paying excise tax, as the amount is deducted from the goods they purchase. When filing excise tax form 720, it is advisable to opt for online service through an authorized e filing service provider to ensuring a hassle and error free filing. One of the convenient options is ThinkTrade Inc., the first IRS certified e file service provider. Read below for additional information on IRS form 720. Continue reading