Quarterly Federal Excise Tax Reporting

The PCORI Fee applies to certain issuers of health insurance policies and employers sponsoring self-funded health plans. Employers that are required to pay the fee need to take steps to be sure they file and pay it on time. The fee, required to be reported only once a year on the second quarter Form 720 and paid by its due date, July 31, is based on the average number of lives covered under the policy or plan.  Although Form 720 is a quarterly return, for PCORI, Form 720 is filed annually only, by July 31. For 2019, the final annual PCORI fee is due by July 31, 2019. This covers plans ending from Oct. 1, 2018, through Sept. 30, 2019. The Federal Excise Tax Form 720 can be filed electronically at TaxExcise.com , the IRS authorized and certified eFile provider.  Efiling or electronic filing is submitting your federal excise tax returns online to the IRS directly from TaxExcise.com website. There are two ways to filing your federal excise tax returns. The traditional way...

Federal Quarterly Excise Tax returns reported using IRS Tax Form 720 can be prepared and reported online at TaxExcise.com. We're the 1st and only (website) IRS Authorized Electronic Filing Service provider to support efile for IRS Tax Form 720 and all other excise tax returns. There are hundreds of reasons to efile Excise Tax returns with the IRS and we've listed done some of the important points;  The foremost is receiving back your IRS acknowledgement instantly, IRS could receive your excise tax returns and process it faster than any other way of filing. Choosing online filing or electronic filing eliminated all possible human errors that could happen in a tax return. TaxExcise takes multiple evolution to make sure all the required information are captured in the return.      Faster PROCESSING - a efiled returns are processed much faster than paper filed returns.   Proof of Acknowledgment - confirmation that your return was received and accept...

Quarterly Federal Excise Tax Form 720 is used for reporting federal excise tax liabilities on certain products (gasoline and fuel) and services (tanning salon and PCORI). These are excise taxes on activities, such as on wagering or on highway usage by trucks. One of the major components of the excise program is motor fuels.  Federal Excise Tax Form 720 and attachments are to report to the IRS at end of every quarter listing the liabilities and pay the taxes collected. 2nd Quarter Excise Taxes: The PCORI Fee has to be reported in this 2nd Quarter Form 720 return ,  The Affordable Care Act imposes a fee on issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans to help fund the Patient-Centered Outcomes Research Institute . The fee, required to be reported only once a year on the second quarter Form 720 and paid by its due date, July 31, is based on the average number of lives covered under the policy or plan. Indoor tan...