Form 720 Q4 Filing Now Open: IRS Accepting e-Filings
Form 720 and Quarters for Filing
What Happened to e-Filing of Form 720 and Why It’s Time Now to Take Action
Why File with Simple720?
Given the opening of the Q4 filing window, Simple720 streamlines the process of submitting your Form 720 online.
While manual filing can be tedious and the mistake risk is high, Simple720 delivers a solution to your filing needs that is efficient, economical, and error free.
Simple720 has the authorization from the IRS and certification of SOC by AICPA, thus your data is protected and your filing is in compliance.
Besides, Simple720's intuitive interface allows you to speed up your submissions without difficulty, thereby making it the wise decision for all your quarterly Form 720 filings.
What Happens if You Miss the Deadline?
Failing to meet the deadline for filing Form 720 can lead to penalties that will depend on the amount of tax you still owe. The IRS warns that if you submit your tax return late, you may be subject to a failure to file a penalty at a rate of 5% each month (or part of a month) that the tax is unpaid, with the total amount of the penalty not exceeding 25% of the unpaid tax.
Furthermore, a failure to pay a penalty is charged by the IRS at a rate of 0. 5% per month on the unpaid taxes, with a limit of 25% of the amount due. Besides, interest will be charged on any tax not paid which makes it very important to file on time and save yourself from these expensive penalties.
Conclusion
The Q4 filing window for Form 720 is officially open, and with the IRS back to processing e-filings, there's no time like the present to submit your return. Filing with Simple720 ensures you avoid delays, penalties, and costly mistakes. Take action now to file quickly, accurately, and on time. Don’t wait, file today with Simple720 and experience a seamless, stress-free filing process!
