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Basics of Indoor Tanning Services Excise Tax
Federal Excise Taxes on Indoor Tanning Service can be prepared and reported online through TaxExcise.com, the only website to support online filing for all Quarterly Federal Excise Tax Returns.
Many businesses offering indoor tanning services are required to collect a 10 percent excise tax on the indoor tanning services they provide. The provider must pay the excise tax to the government, quarterly, while reporting IRS Form 720, Quarterly Federal Excise Tax Return. The following information...
From: TaxExcise eFile
What's the Best Way to Pay Quarterly Taxes?
http://www.SodowskyLaw.com If you are an independent contractor and get issued a 1099, you obviously know that income tax is not being withheld from your paychecks like it is with W-2 employees. As a result, you owe the Virginia Department of Taxation and the IRS estimated taxes. The way estimated taxes work is that estimated tax deposits are due on a quarterly basis, which is based off of how much money you have earned for that quarter. However, because this amount can be substantial and...