Blogs

The reinstated Superfund chemical tax applies to manufacturers, producers, and importers of specific taxable chemicals and substances, reported quarterly on Form 720 alongside Form 6627. This guide covers who owes it, how the rate is calculated, semimonthly deposit rules, and the most common filing mistakes to avoid.

A practical breakdown of the federal vaccine manufacturer excise tax, covering who owes it, which vaccines and components are taxable, the $0.75 per-component rate and the steps for reporting and e-filing it correctly on Form 720 each quarter.

Form 8879-EX is the IRS e-file signature authorization used alongside Form 720 to approve electronic filing of your excise tax return. This guide covers who needs to sign it, how it differs from Form 720, step by step instructions, and the most common filing mistakes to avoid.

Buying coverage from a foreign insurer creates a federal filing obligation the carrier won't handle for you. This guide breaks down who actually owes the foreign insurance excise tax under IRC 4371 — policyholder, insured, or broker — plus tax rates by policy type, Form 720 reporting rules, treaty exemptions, and common mistakes that trip up brokers and risk managers.

Tanning bed prices cover two very different things buying the equipment and paying for a UV session and only one of them triggers the federal 10% indoor tanning tax. This guide breaks down who pays it, how to calculate it, which services are exempt, and how salons report it on Form 720 each quarter.

Form 8849 lets you claim a refund on federal excise taxes already paid — but only if you attach the right schedule and avoid double-claiming. This guide walks through eligibility, filing deadlines, required records, mailing addresses by schedule, and how Form 8849 differs from Form 720 and Form 720-X.

Yes, a CPA can file Form 720 for clients — but authorization, records, and workflow matter more than the legal question itself. This guide covers e-file signature authorization, paid preparer rules, deadline management, common filing risks, and a step-by-step process CPA firms can repeat for every excise tax client.

Late on your PCORI fee? Here's what the IRS actually charges — the failure-to-file penalty, the failure-to-pay penalty, and daily interest — plus 2026 PCORI rates by plan year, how to fix a missed filing, and when reasonable cause relief might apply.

Not sure what a Form 720 is used for? This guide breaks down every excise tax category the return covers — fuel, PCORI fees, indoor tanning, air transportation, and more — plus 2026 due dates, payment rules through EFTPS, mailing addresses, and the most common filing mistakes to avoid.

Learn the difference between EFTPS and e-filing for Form 720, including how each option works, payment requirements, and when to use them for quarterly excise tax filing.

Coal producers can e-file Coal Excise Tax on IRS Form 720 in about 5 minutes once tonnage, sales price and exemption records are ready. This guide walks through what the tax is, current 2026 rates and due dates, common exemptions, and the fastest way to complete the Quarterly Federal Excise Tax Return through an IRS-authorized e-file provider.

A FEIN (Federal Employer Identification Number) is the nine-digit ID the IRS assigns to your business, and it's the same number as your EIN. This guide covers FEIN vs EIN, how to retrieve a lost number, and why it's required on every Form 720 excise tax filing, including PCORI fees.