Advantage of PCORI Filing Online
- Efficiency and Time-Saving Benefits
- Accuracy and Error Reduction
- Convenience and Accessibility
- Enhanced Security Measures
Don’t break your head over Fuel Excise Tax calculations and claims. Let Simple 720 Online Portal handle it for you!
Fuel Excise Tax in the United States
- The fuel excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel.
- Form 720 covers the fuel tax under Sections 4081 and 4041, and it comes under the regulations of the IRS.
Why Simple 720 for Fuel Excise Tax?
No Software Download
Experience seamless tax filing for your business by visiting the Simple 720 website. Easily input your business and taxable details without the need to download any software or app. Our platform provides comprehensive guidance throughout the process, ensuring that businesses can effortlessly navigate the fuel excise tax filing procedure.
IRS Authorized
As an IRS Authorized 720 e file service provider , we pride ourselves on offering streamlined tax filing solutions. The IRS strongly advocates for efiling over manual methods. E-filing not only conserves time but also contributes to environmental preservation. By choosing our service, you can effortlessly manage your fuel excise tax obligations while promoting sustainability.
Secured Data
At Simple 720, safeguarding your data is our top priority, and we uphold uncompromising standards. Trusted by numerous reputable organizations for filing fuel excise tax, we employ stringent backend processes to ensure the security of your information. Rest assured, your data is in safe hands with us.
Just a few steps to complete your Fuel Excise Tax Filing Online!
We know that you are incredibly busy working in your business! Save your time for other key business decisions. Leave the Excise Tax work to us! Our portal completes it in a few minutes.
STEP 1
Business Information
Give primary specifics about your business like the name and address, phone number, and Tax ID.
STEP 2
Tax Information
Go to Fuel Tax, then select the particular fuel tax category (LPG, Diesel Tax, P Series Fuels etc.,) that’s applicable for your business.
STEP 3
Payment Information
Complete the payment form with your preferred payment method and verify the fee amount for the tax.
Why Fuel Excise Tax Filing Online Instead of Paper Filing?
Drawbacks of Paper Filing
- Loss in Transit, Compliance Risks
- Time-Consuming Process
- Increased Risk of Errors
- Delayed Processing
What Our Customers Say?
A Client from California
Filing fuel excise tax manually was a nightmare with many calculation errors. Since switching to the Simple 720 Portal, I'm completely satisfied with the portal and customer care team.
A Client from Texas
Initially, I hesitated to move online, preferring paper filing. However, Simple 720 online filing for fuel excise tax proved to be much easier and time-saving.
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Frequently Asked Questions
Fuel excise taxes are levied to generate revenue for maintaining and developing transportation infrastructure, such as roads and bridges. They also serve to promote energy efficiency and reduce environmental impact by encouraging the use of alternative fuels.
The federal fuel excise tax is typically calculated per gallon of fuel. For example, gasoline is taxed at 18.4 cents per gallon, while diesel fuel is taxed at 24.4 cents per gallon. These rates can vary based on fuel type and usage.
Fuel excise taxes are generally imposed on fuel producers or distributors, who pass the cost onto consumers at the point of sale. However, certain exemptions may apply for specific industries or uses, such as agriculture or foreign missions.
To file federal fuel excise taxes, taxpayers must use IRS Form 720, the Quarterly Federal Excise Tax Return. This form can be filed manually or electronically through IRS-approved e-file providers. Online filing is the best choice as it ensures faster processing, greater accuracy, and immediate confirmation from the IRS.
Fuels subject to federal excise tax include gasoline, diesel, kerosene, liquefied petroleum gas (LPG), compressed natural gas (CNG), liquefied natural gas (LNG), liquefied hydrogen, and certain alternative fuels. The tax applicability varies based on the fuel type and its intended use.
Begin Your 720 Filing Today by Registering with Simple720
File Federal Excise Tax Online