Excise Tax

This is the excise tax page, which is dedicated to assisting you in filing and handling Federal taxes quickly and effectively. We focus on the e-filing of Form 720, which is an easy, fast, and safe way to assist you in meeting your tax documentation duty with the IRS. Waste no time and unnecessary penalties, file your excise taxes with us now!

Excise Tax

Excise tax is a type of consumption tax, which is imposed at the federal level on only a few selected goods and or services like fuel, tobacco, and air transport services. Every institution that manufactures, sells, or uses taxable products and taxable services is obligated to obtain and fill tax form 720 for reporting purposes, and excise tax payment. Filing of this is usually every 90 days for most businesses and quarterly for the IRS.

Read More

E-file Form 720

Do not waste your time as you file form 720 with us and make e-filing an easy and fast process. Th ie platform is efficient and effective by eliminating fraudulent and erroneous excise tax submission to the IRS. Get started today and avoid costly penalties!

Read More

Due Date

Tax Form 720 due on excise taxes is filed during specific periods. The frequency of filing includes April 30, July 31, October 31 and January 31 for the first second, third and fourth quarters respectively. To escape incurring extra costs in penalties from IRS, make sure that you file within the required time.

Read More

Types of Excise Tax

Alcohol Excise Tax

Tax levied on the manufacture and retail sale of alcoholic drinks, it is filed by alcohol manufactures and distributors respectively.

Tobacco Excise Tax

It includes manufacture and retail and distribution of tobacco products and to be filed by tobacco manufacturers and the importers.

Fuel Excise Tax

It is implemented on the selling of various types of gasoline and diesel fuel and has to be filed by fuel distributors and retail outlets.

Airline Ticket Excise Tax

Tax on the passenger airline tickets, which has to be filed by airlines and air service companies.

Luxury Goods Excise Tax

Tax applicable on products such as expensive cars and jewelry that are classified as luxury products, tax paid by high end good sellers.

Firearms and Ammunition Excise Tax

File Firearms and ammunition tax on normal sales by manufacturers and importers of the products.

Indoor Tanning Excise Tax

Tax on the activity of indoor tanning; doesy Tanning services providers file?

Communications Excise Tax

Tax charged for the use of telecommunication services and to be filed by telecommunication companies and providers.

Gambling Excise Tax

Tax on all wagers undertaken, any entity that does gambling’s services or operations has to file.

Health Insurance Excise Tax

Tax on specified type of health policies; policies must be filed by insurers and health plan providers.

Environmental Excise Tax

It is levied on the products causing environmental degradation, example – chemicals. Once again, manufacturers and importers of these products need to file.

Electricity Excise Tax

Imposed on sales of electricity. Legal electricity selling companies or electricity suppliers need to file.

Cigarette Excise Tax

Tax is made on the sale of cigarettes. Again manufacturers and importers of cigarettes need to file.

Soft Drinks Excise Tax

This tax is on the sale of sugary drinks or soft drinks. Soft drinks manufacturers and distributors need to file.

Motor Vehicle Excise Tax

Tax on the sale of the motor vehicles; which vehicle manufacturers and dealers are obliged to declare.

Air Transportation Taxes

Imposed on fees for moving cargos by air or by passengers by air, line operators, and air service providers all need to file.

Retail Tax

Here tax is implemented on defined retail goods or services. In this case all the retailers dealing with the excise taxable goods need to file.

Ship Passenger Tax

Tax is imposed on the passengers of cruise ships. In this case, all cruise lines and tour operators need to file.

Other Excise Taxes

Costs incurred by selling off specific goods or services such incur taxes that are filed by the business that are concerned with their sales

Foreign Insurance Tax

This is taxation on policies that are purchased from foreign insurers. However, foreign insurance policyholders that are in the U.S need to file this.

Manufacturer Tax

A way in which taxation is imposed on the manufacturing of certain products; certain manufacturers of excise-taxable items are required to file excise tax.

Excise Tax Forms, Resources and Instructions

Excise tax forms including Form 720 are utilized for the purpose of reporting or paying federal excise taxes on certain commodities or services. Visit the platform to obtain necessary resources, instruction and tools in order to make your excise tax return filing easy.

PCORi

PCORi

The PCORI fee is a short form of the Patient-Centered Outcomes Research Institute fee that uses Form 720 for reporting and payment. The PCORI fee is a part of the Affordable Care Act (ACA) that funds research on medical treatments as well as interventions’ effectiveness conducted by the Patient-Centered Outcomes Research Institute.

Resources

Resources

The Form 720 e-filing resources have got you covered as they give you all the resources required in filing for excise taxes efficiently. Search for tutorials, filing tools and assistance that will enable you to quickly and accurately submit your documents to the IRS.

About Us

About Us

This is our Excise Tax website through which you can conveniently comply with the federal excise tax requirements. We give you detailed information on the wide variety of excise taxes that may apply, including fuel, alcohol, tobacco, and others as necessary. You can e-file Form 720 online and it provides the detailed steps so that the filing is quick and accurate. It doesn’t matter if you are a small company or a big one, we simplify the excise tax hassle. We draw your attention to the fact that we can assist you in avoiding delays and penalties and remain compliant with the requirements of the IRS.

File Now

Daily Blog Post

Usu habeo equidem sanctus no. Suas summo id sed, erat erant oporteat cu pri. In eum omnes molestie. Sed ad debet scaevola, ne mel.

Online How-to Guide on Filing Gambling Excise Tax Form 720 for Operators

Most U.S. operators of a gaming business must understand what their tax liabilities are in an effective attempt to maintain an acceptable compliance history with the IRS. One of the taxes that operators should pay particular attention to is known as the Gambling Excise Tax, which entails Form 720. As
Read the full article…

Luxury Tax Form 720 Online: Step-by-Step Guide

In taxes for specific products and services, most businesses encounter excise taxes. Of these, there are luxury taxes, which are classified under special excise taxes, and should be filed with the use of Form 720. Form 720 handles a wide number of excise taxes, which includes luxury goods, and filing
Read the full article…

Tires Excise Tax Form 720 Online

This is one of the most important aspects in the tax environment that concerns any business dealing with the tire manufacturing and retail industries. Familiarity with the Tires Excise Tax and how to file the Form 720 will bring you all the difference on your way to staying up-to-date with
Read the full article…