Federal excise taxes apply to a number of different products and industries. Filing requirements vary depending on the nature of your business.
• Form 720, Quarterly Federal Excise Tax Return, applies to retailers, manufacturers, communications companies, and travel services. It’s filed quarterly, with this year’s due dates falling on April 30, July 31, October 30, and January 29, 2021.
• Companies that accept wagers must file Form 11-C, Occupational Tax and Registration Return for Wagering, before accepting any bets, and Form 730 for every subsequent month.
• Companies that operate heavy highway vehicles must file Form 2290 by the last day of the vehicle’s first month of service. For subsequent filings, the excise tax period begins on July 1 and ends on June 30.