Blogs

This article explores the differences between traditional paper filing and modern e-filing for Form 720. It highlights the advantages of online filing, such as automated calculations and instant IRS acknowledgment, particularly for the complexities of air transportation taxes.

A comprehensive walkthrough for aviation businesses on filing quarterly air transportation excise taxes, emphasizing accuracy, timely submission, and the benefits of using an IRS-approved e-filing platform.

This guide outlines the basics of air transportation excise tax, provides a step-by-step approach to filing Form 720 accurately, highlights common mistakes to avoid, and explains the benefits of using electronic filing to stay compliant with IRS regulations.

This blog post outlines the various penalties associated with failing to file or pay air transportation excise taxes. It details grounds for penalties, such as late filing and incorrect reporting, explains the severity of trust fund recovery penalties, and provides strategies for businesses to maintain compliance and avoid costly IRS fines.

This comprehensive guide outlines the step-by-step process for filing air transportation excise tax, covering passenger tickets, flight segments, and cargo charges. It emphasizes the importance of accuracy and speed to avoid IRS penalties and highlights the advantages of using secure e-filing solutions.

This guide explains the federal excise tax on domestic air passenger services for 2026. It covers the tax components (percentage and segment fees), identifying the entities responsible for filing Form 720, and key strategies for accurate quarterly reporting and compliance.

This comprehensive guide explains the Federal Gas Guzzler Tax, detailing which new passenger cars are subject to the tax based on EPA fuel economy standards and providing a step-by-step overview of the Form 720 filing process.

This post outlines the federal excise tax regulations for remittance providers, detailing taxable transactions like cash and money orders, and explaining the Form 720 quarterly reporting and deposit requirements.

This guide details the 2026 US remittance tax, a 1% federal excise tax on cash-funded international transfers. It covers which transactions are taxable, the responsibilities of service providers, and the mandatory quarterly reporting process using IRS Form 720.

This guide outlines the federal excise tax obligations for manufacturers, producers, and importers of fishing gear under IRS Section 4161. It covers specific tax rates for rods, poles, and accessories, and provides a step-by-step overview of quarterly filing using Form 720.

This article clarifies the tax liabilities between retailers and manufacturers regarding fishing equipment. It explains that while manufacturers and importers typically bear the responsibility for the 10% federal excise tax via Form 720, certain retail scenarios—like direct importing or private labeling—can shift this obligation.

This guide explains the federal excise tax obligations for manufacturers and importers of sports fishing equipment. It covers taxable categories like rods and reels, specific tax rates, and the quarterly deadlines for filing IRS Form 720.