The IRS explains that the excise tax is an indirect tax on specific goods, services and activities. The federal government typically imposes an excise tax on the sale of things like fuel, airline tickets, heavy trucks and highway tractors, indoor tanning, tires, tobacco, and other goods and services. Businesses that are subject to excise tax generally must file a Form 720, Quarterly Federal Excise Tax Return to report the tax to the IRS.
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