Blogs

In case you are engaged in the use of remittance transfer services, then it becomes important to appreciate the different aspects that revolve around remittance excise tax. This includes the penalties associated with not complying with IRS guidelines

The excise tax on local telephone and teletypewriter services is a federal tax imposed by the IRS(No: 22) on certain telecommunications services. It applies to the amounts paid for local telephone services and teletypewriter exchange services, primarily to fund U.S. federal government operations.

What is the New Regulation of the FDA for Tanning Beds? In March 2026, the FDA made a U-turn on their policy to impose a total ban on tanning beds for minors across the country. This new policy is a move towards an approach that is less prohibitive and more informative about the risks involved.

Foreign Insurance Tax - Recap The Foreign Insurance Excise Tax (FET) is levied on insurance premiums received in connection with insurance contracts underwritten by non-U.S. entities, provided that the risks covered are located in the United States.

Remittance Tax - Recap The remittance tax is a 1% excise tax defined under IRS Section 4475, which applies to selected transactions where transfers occur through tangible mediums, including cash, money orders, or cashier’s checks.

Are you looking for a way to file your Form 720 for the first quarter? Well, you have landed at the right place. Filing Form 720 electronically has numerous advantages, and Simple720 is the best decision you will ever make.

The U.S. Remittance Tax applies to certain money transfers to foreign countries, with the tax being paid by the sender of the transfer. This blog provides an overview of what the tax is, how it is filed, and its due dates.

In 2026, the remittance tax(IRS No 155 in Form 720) has become one of the major concerns for individuals and businesses involved in remitting money to another country. To avoid paying more than required, it is important to understand the details of this tax, for whom it is applicable, and how to avoid it.

Are you accidentally skipping your federal excise tax because you think sightseeing isn't transportation? It is a common question for tour operators in Hawaii. You are flying people over volcanoes and waterfalls, not taking them from Point A to Point B.

Simple720 has been featured in an article by EBN (Employee Benefit News) on how advisers can simplify federal tax filings. The write-up points out the need for e-filing excise taxes and how a tool like Simple720 is indispensable to getting it right and staying compliant.

You buy a tanning bed to make money. It sounds simple, but most salon owners get the math wrong. They see a price tag for a Wolff or Ergoline and think that is their biggest cost. It is not.

The 2026 PCORI fee, payable by July 31, 2026, for plan years ending in 2025, should be filed using the online method, as recommended by the IRS. In this blog, let us walk through the step-by-step guide for filing your PCORI fee online using Simple720.