Transcribed
FORM 720 E-FILING IN 2022
SIMPLE 72 e - File Your Quarterly Federal Excise Tax From 720 E - Filing in 2022 ●●●●●● EIN BARE MACK
FORM 720 E-FILING IN 2022
shared by ucrsimpleseo on Oct 17
0
views
0
faves
0
comments
FORM 720 E-FILING
Form 720 is an annual federal tax form used to report certain types of excise taxes. It is also used to make quarterly estimated tax payments. The form is filed with the Internal Rev...
enue Service (IRS).
Form 720 is not required to be filed by everyone. You only need to file the form if you have paid certain types of excise taxes during the year, or if you have made quarterly estimated tax payments. The excise taxes that may require you to file a Form 720 include:
– environmental taxes
– communications and air transportation taxes
– fuel taxes
– certain manufacturer’s taxes
If you are required to file a Form 720, you must do so by the due date. The due date for filing Form 720 is April 15th of the year following the calendar year for which the form applies. For example, if you need to file a Form 720 for 2020, the due date would be April 15, 2021.
If you do not file a Form 720 when required, you may be subject to penalties. The penalties for not filing a Form 720 can be as much as $10,000.
Source
Unknown. Add a sourceCategory
BusinessGet a Quote
