Blogs

This blog explains how registered credit card issuers can reconcile fuel card transactions before filing Schedule 8. It covers eligibility, matching transactions with Form 720, gathering supporting records, quarterly filing windows, the $200 minimum claim, common reconciliation mistakes, and submitting the claim.

This blog explains Form 8849 Schedule 8 requirements for registered credit card issuers, including eligibility under Form 637 activity letter CC, qualifying fuel purchases, required records, minimum claim amounts, filing deadlines, common mistakes, and FAQs.

Form 720 Q3 filing covers excise taxes for July through September 2026. This blog explains the filing deadline, applicable tax categories, records to gather, common filing mistakes, quarterly due dates, and FAQs about filing Form 720.

Federal and state taxes on ships apply in different circumstances. The federal Ship Passenger Excise Tax relates to covered voyages and vessel operations, while state taxes may apply when a vessel is purchased or registered. This article explains what sellers should check, their Form 720 filing responsibilities, and how state requirements can vary.

Ship Excise Tax and Boat Sales Tax are two separate taxes with different triggers, governments, payment schedules, and filing requirements. This article explains how the federal Ship Excise Tax applies to covered overnight passenger voyages, while Boat Sales Tax is a state-level charge tied to purchasing a vessel.

Ship Excise Tax generally applies to certain covered voyages involving vessels carrying paying passengers with overnight accommodations. This article explains when the tax begins, what boat buyers should consider before operating passenger cruises, and how the tax is reported quarterly on Form 720.

Ship Passenger Excise Tax applies to certain covered voyages involving commercial water vessels carrying passengers for hire and providing overnight accommodations. This guide explains the covered voyage requirements, passenger-count and rate considerations, operator liability, quarterly Form 720 filing, and common compliance mistakes.

Hawaii helicopter tour operators may or may not be subject to federal air transportation excise tax depending on how their tours are operated. This article explains the small aircraft exemption, the “established line” requirement, IRS guidance on Hawaii helicopter tours, and Form 720 filing considerations.

This guide covers Form 2290 requirements for fleet operators, including filing deadlines, late filing and payment penalties, VIN and EIN organization, e-filing, payment options, and 2026-27 filing updates.

This blog explains when excise tax may be deductible on a federal tax return, why Form 720 and income tax returns are separate filings, how business and personal-use excise taxes differ, and where eligible deductions are generally reported.

The Form 5500 calculation method counts covered lives using data already filed with the DOL. This guide explains when the method can be used, how the formula differs for self-only and dependent coverage, how the result is reported on Form 720, and the common mistakes to avoid.

This guide explains the federal gasoline tax rate under Form 720, who is responsible for reporting it, when the tax applies, available exemptions, compliance requirements, common filing mistakes, and how organized e-filing can simplify quarterly reporting.