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. Continue reading →