April is the month of due dates and there are not many due dates you need to remember. However, there are different forms you have to remember. One of the important form is for excise tax filers to get their excise tax filed through form 720. This quarterly filed federal excise tax is filed by the end of each quarter to avoid penalties and interest. The first quarter of the year, 30th April is not too far from our calendar and that reminds us that you have to file your tax return by the due date.
Excise tax is applicable for business or providing sales of goods and services of any of the listed products in form 720. The tax is included in the goods purchased by the customers like gasoline for your car. When you pump fuel in your car or buy flight tickets, you are paying for the service offered, which includes the tax rate as well.
IRS has already started accepting the form, and if you have not filed yet, you can feel free to drop by at the nearest IRS local office or the Next Gen efiling service through an authorized electronically filing provider like TaxExcise.com. However, if you choose the latter, you can efile, report and pay your dues online in seconds. You will receive your acknowledged receipt in seconds.
Next in the list is for truckers, who are tagged the busiest people in the states have to file form 2290 for the first time used vehicles. Heavy highway motor vehicles are used on public highway with the Taxable Gross Weight of 55,000 pounds or more. If your vehicle is first time used in the month of March 2015, you are liable to file and pay tax through form 2290 and report IRS by the end of April based on the weight of the truck. The due date to file prorated tax is 30th of April. Also, do note, if you own more than 25 heavy vehicles, IRS has made it mandatory to file form 2290 online. When we tell online, you need to choose a service provider like Tax2290.com, whom you can trust, verified and can provide you with authentic services.
Understanding the job profile, and the profession you are a part of, online filing is the best method to report, pay and file form 2290 to the IRS by not wasting a minute of your schedule. You don’t have to bother with the difficult calculations or the errors or waiting for the schedule 1 copy reaching your mail box. Everything is converted online, with one simple application designed with utmost user friendliness and elegance, where you have to provide the basic information, and the calculations will be done by itself, and you will receive your acknowledged receipt without paying anything extra.
Don’t forget, if you have not operated in any of the jurisdictions, you are still liable to file form IFTA to your base jurisdiction as you hold an IFTA license, which makes it mandatory.
So we are done with the reminders, however, it is your turn to speak up. Let be queries, suggestions or anything you wish. We are here to listen to you and answer your queries. For one to one support during business hours, call at 1-866-245-3918 or speak via online chat, or get 24/7 email support atsupport@taxexcise.com