Payment Method for e-filed Indoor Tanning Services Excise Tax

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Tax Payment Methods for Electronic Filers


The 10 percent tax on indoor tanning services must be paid quarterly with Form 720:
1.      Electronic Funds Withdrawal [Direct Debit]: The tax may be paid via electronic funds withdrawal through the Form 720 e-file website.

2.      EFTPS - Electronic Federal Tax Payment System: Indoor tanning services providers may also pay the tax via the free, secure Electronic Federal Tax Payment System. Visit EFTPS  to enroll or call 800-555-4477 for information.


Exemptions

The tax does not apply to spray-on tanning services, topical creams and lotions or to phototherapy services performed by a licensed medical professional on his or her premises. There is also an exemption for "qualified physical fitness facilities” that meet specific criteria and offer tanning as an incidental service to members without a separately identifiable fee.


Responding to an IRS Notice

Some indoor tanning services providers have not filed or paid the indoor tanning services excise tax and as a result, received Letter 4664 advising them of their excise tax liability. Indoor tanning services providers who receive Letter 4664 should respond within 30 days of the date of the letter by both filing a Form 720 for each quarter missed and paying the tax, or by completing the form within Letter 4664 with an explanation of why they do not owe the tax. A written explanation must include your name, address, EIN (or Social Security number if you do not have an EIN; note that you must have an EIN if you are required to file Form 720), daytime telephone number, and a copy of Letter 4664. Be sure to keep a copy of your submission for your records. Penalties and interest accrue on unpaid balances so a prompt response is advisable. For more information, call IRS @ 866-699-4096.

NOTE:  
  • If any due date for filing a return falls on a Saturday, Sunday, or legal holiday, you may file the return on the next business day.
  • If you do not have an Employer Identification Number you must acquire one before filing your first Form 720, Quarterly Federal Excise Tax Return. You can apply for and receive an EIN online.


Report the indoor tanning services tax on Form 720, Quarterly Federal Excise Tax Return electronically at www.TaxExcise.com and get it accepted by the IRS in minutes.

Why e-filing at  www.TaxExcise.com:
·         IRS E-file 1st service partner
·         Secured Network
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·         IRS Instant Acceptance
·         Claims Credits using Schedule C
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Click Here for Excise Tax on Indoor Tanning Services Frequently Asked Questions.


Reminder: Excise Tax on indoor tanning tax is due by Jan. 31


www.Tax720.com /www.TaxExcise.com is a certified, IRS authorized, e-file service provider for Form 720. Tax720 is a product of ThinkTrade, Inc and a part of TaxExcise.com. We are a BBB accredited company with A+ certification.


For any further information regarding Form 720 please reach us at 1-866-245-3918 or simply write to us at support@taxexcise.com

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