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20182018 Federal Excise Tax In compliance with the Tax Reform Act of 1986 and the Revenue Reconciliation Act of 1990, the Internal Revenue Code requires the collection and payment of $.184 per gallon

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What is federal excise tax?

Federal excise tax is a tax on specific goods, services, or activities that is imposed by the federal government.

Who is required to file federal excise tax?

Certain businesses that engage in activities subject to federal excise tax are required to file and pay the tax.

How to fill out federal excise tax?

Federal excise tax forms can be completed and submitted electronically or by mail, following the instructions provided by the IRS.

What is the purpose of federal excise tax?

The purpose of federal excise tax is to generate revenue for the government and to discourage the consumption of certain goods and services.

What information must be reported on federal excise tax?

The information required to be reported on federal excise tax forms includes details about the specific goods, services, or activities subject to the tax, as well as the amount of tax owed.

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