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Excise Transcript: easy document editing

There’s a large marketplace of programs out there that allows you to work with documents paperless. Many of them will cover your needs for filling out and signing documents, but require to use a computer only. Try pdfFiller if you need not just essential tools and if you want to be able to edit and sign documents from anywhere.

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Whether you are a manufacturer, retailer, airline or any other business that deals in goods for which excise taxes are due, you have a responsibility to file a Quarterly Federal Excise Tax Return on Form 720 up to four times per year, depending on the circumstances.
Electronic filing. You can electronically file Form 720 through any electronic return originator (ERO), transmitter, and/or intermediate service provider (ISP) participating in the IRS e-file program for excise taxes. For more information on e-file, visit the IRS website at IRS.gov/eFILE.
The IRS provides two tests to determine whether you must file a Form 720 at the conclusion of each calendar quarter. ... The Form 720 is due on the last day of the month following the end of the quarter. For example, you must file a Form 720 by April 30 for the quarter ending on March 31.
Form 941, which is the Employer's Quarterly Federal Tax Return, can be filed electronically to the IRS. However, the form cannot be e-filed by your business. The IRS requires that all businesses electronically file form 941 through an approved intermediary.
The IRS E-File system has two parts: filing forms and paying taxes. If you file electronically, you can pay your taxes along with your electronic filing by using electronic funds withdrawal, available with tax preparation software or through your tax preparer.
Excise taxes are taxes paid when purchases are made on a specific good, such as gasoline. Excise taxes are often included in the price of the product. ... One of the major components of the excise program is motor fuel. Form 720, Quarterly Federal Excise Tax Return, is available for optional electronic filing.
An excise tax is an additional cost that is charged for certain products and services like alcohol, tobacco, and fuel, which the federal government has deemed harmful either to an individual or the environment.
Congress imposes a 12% federal excise tax (FET) on the retail sale of most new heavy-duty trucks.
Excise taxes are most often levied upon cigarettes, alcohol, gasoline and gambling. These are often considered superfluous or unnecessary goods and services. To raise taxes on them is to raise their price and to reduce the amount they are used. In this context, excise taxes are sometimes known as “sin taxes.”
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