Source:IRS
Federal Excise tax is an indirect form of taxation imposed on the manufacturing, sale, or utilization of specific goods and products. This type of tax is embedded within the price of the product itself, such as cigarettes or alcohol, as well as certain activities like gambling. Both federal and state authorities are responsible for implementing excise taxes.
Please check the below details to know when you got to file your Form720 excise tax.
Months | Due Date |
---|---|
Jan, Feb, Mar | Apr 30 |
Apr, May, Jun | Jul 31 |
Jul, Aug, Sep | Oct 31 |
Oct, Nov, Dec | Jan 31 |