Blogs

Aviation operators already juggle flight schedules, fuel planning, crew, safety checks. When tax season comes in, the confusion around Form 720 adds one more thing to the list.

If you run an indoor tanning business, you have probably heard the same question more than once. Is this tax still around or did it finally go away. The confusion did not come from nowhere.

For many tanning salon owners or Gym owners, taxes are the last thing on their mind. Between managing clients, equipment, and memberships, the business already feels full.

Sending money abroad is a common task for many — whether paying a supplier, covering tuition, or supporting family.

A Small Recap About Form 720 IRS Form 720, the Quarterly Federal Excise Tax Return, is used by businesses and entities that are subject to federal excise taxes on specific goods, services, or activities.

The Federal Oil Spill Tax is a tax imposed on both petroleum products and crude oil. It applies when petroleum products are imported into the United States for consumption, use, or storage in a warehouse, and when crude oil is received at a U.S. refinery.

The Sport Fishing Equipment Tax is a federal excise tax in the United States, levied on manufacturers, producers, and importers of specific fishing-related items. Established under the Dingell–Johnson Act of 1950, its primary purpose is to fund conservation and fishery management programs.

Yes, it is possible to amend Form 720 that has already been filed for previous quarters. To understand this process more thoroughly, let’s explore how Form 720 can be corrected, alongside key topics such as:

In this blog, we will explore whether Form 720 can be signed electronically. Understanding the filing process, including whether electronic signatures are permitted, is essential for ensuring compliance with IRS regulations.

In this blog, we’ll explore the various taxes that Manufacturers of Sport Fishing Equipment should need to pay. Federal Excise Tax: Manufacturers of Sport Fishing Equipment are required to pay a Federal Excise Tax on a quarterly basis

In this blog, you will gain a clear understanding of the specific instructions outlined in the 720 Instructions September 2024 Update. We will focus exclusively on the newly revised updates that were released in September.

In this blog, we’ll dive into the Federal Leaking Underground Storage Tank (LUST) Tax and explain how it can be paid online.