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OMB Approval No.: 18400831 Expiration Date: 02/29/2020Upward Bound (UP) and Upward Bound Antiscience (BMS) Annual Performance Report Program Year 201809 Authority: Public Law 102325, as amended. According
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How to fill out 720 and 75

01
To fill out form 720, follow these steps:
02
Gather all the necessary information, such as employer identification number (EIN), taxable year, and contact information.
03
Determine the type of excise tax you need to report and pay.
04
Fill out the Form 720 with accurate information, including your name, address, and the amount of excise tax owed for each tax category.
05
Attach any supporting documents or schedules required for specific tax categories.
06
Calculate the total tax due and make the payments electronically or mail the form to the appropriate address.
07
08
To fill out form 75, follow these steps:
09
Collect the necessary information, such as taxpayer identification number, contact information, and tax year.
10
Identify the type of tax you need to report and pay.
11
Fill out the form accurately, providing details such as the taxpayer's name, address, income, deductions, and tax liability.
12
Attach any required schedules or supporting documents.
13
Calculate the total tax due and make the payment electronically or mail the form to the designated tax office.

Who needs 720 and 75?

01
Form 720 and Form 75 are needed by businesses and individuals who are subject to specific excise taxes or income taxes.
02
Form 720 is typically used to report and pay excise taxes, which are taxes imposed on the sale or use of certain products or services.
03
Form 75 is used to report and pay income taxes for individuals or businesses who are not required to file federal income tax returns but have a duty to pay other types of taxes, such as state or local income taxes.
04
It is important to consult the specific tax regulations or contact a tax professional to determine if you need to file these forms.

What is 720, and 75 Form?

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720 and 75 refer to tax forms used for reporting certain types of foreign income and assets to the IRS.
Individuals or businesses with foreign assets or income may be required to file Form 720 and 75 depending on their specific situation.
Form 720 and 75 can be filled out manually or electronically following the instructions provided by the IRS.
The purpose of Form 720 and 75 is to report foreign income and assets in compliance with US tax laws.
Information such as foreign income, holdings, investments, and accounts must be reported on Form 720 and 75.
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