Form 720 IRS

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Form 720
Form 720 tax Quarterly Federal Excise Tax
Return What is form 720? its Federal excise
taxes Form 720 is a tax form required of
businesses that deal with the sale of certain
goods (like alcohol or gasoline) and services
(for instance, tanning salons). These businesses
are required to pay extra taxes, known as Excise
Taxes, and they are accounted for through this
form. Tax Form 720 consists of three sections,
along with Schedule A, Schedule T, and Schedule
C sections, and a payment coupon (called Form
720V). You must file Form 720 quarterly if your
business is responsible. However, semi- monthly
payments for excise taxes are required (twice per
month). These payments should be made
electronically via funds transfer.
What Goods Are Subject to Form 720 Taxes?
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• Federal Excise tax goods are products or services
  that are harmful to the environment or people.
  These include
• Firearms
• Fishing equipment
• Foreign insurance
• Gambling
• Gasoline
• Indoor tanning services
• Tires (for highway vehicles)
• Trucks trailers
• Tobacco products
• Airline tickets
• Alcohol
• Automobiles (that consume large amounts of
  gasoline)
• Bow Arrows (and accessories)
• Business telephone lines
• Coal products
• Crude oil and petroleum products
• Electric outboard motors

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reported to the Alcohol and Tobacco Tax and Trade
Bureau and must be reported through their Form
720 website.
When Is It Due date?
IRS form 720 is to be filed one month after the
end of each calendar quarter, except for certain
kinds of excise taxes that are not for the
payment of premiums to foreign insurance
companies. You are liable to file Form 720, the
federal excise taxes every quarter when you
offer a service, sell a product or goods that
have an excise tax component.
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• where to file form 720
• Form 720 IRS instructions are on the IRS Form 720
  website.
• You can also print the completed form and mail it
  to IRS form 720.
• Working with a tax professional who is enrolled
  in the Form
• 720 IRS efile program for excise taxes allows you
  to file electronically.

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ABOUT US
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time zones. Take easy steps to Registration
Form 720 taxes.
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E- filing form 720 is as easy as 1-2-3-4 Step 1
Use our www.simple720.com now! Proces

• Step 2 Register with us to e-file Form 720

Step 3 fill in all the details that are required
from form 720 filings.
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• Step 4 Print your completed, which is
  automatically e-mailed to you when your e-file
  is accepted.
• That's all two is to it. No long lines at the
  IRS, no waiting for the mailman, and no lost
  documents. With us, you get fast affordable
  service from a company that treats your business
  like their own
• For more information visit our site
  -www.simple720.com

35.95 per Filing
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