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[Music] hey guys welcome back today im going to be leading you through a quick five-minute warm-up that you can do before every single home workout there is no jumping included in this workout so its a great apartment friendly warm-up you dont need any equipment just make sure that you can see your screen so you can follow along with me and without further ado lets get to it all right guys were first going to start off just by rolling out our neck so big half circles from side to side make sure your shoulders are pressed down [Music] is [Music] all right next up were going to warm up our shoulders so were just going to do one arm at a time take some big bends in the knees were going to roll backwards first big big circles [Music] and switch forward [Music] [Music] [Music] good and switch forwards [Music] all right were going to step our feet up nice and wide arms come out to the side docHubing for opposite toes and back to center [Music] me [Music] good were gonna keep our fe

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What products are subject to federal excise tax?

Federal excise tax is usually imposed on the sale of things like fuel, airline tickets, heavy trucks and highway tractors, indoor tanning, tires, tobacco and other goods and services.

What type of goods is part of the excise tax?

Excise taxes are taxes required on specific goods or services like fuel, tobacco, and alcohol. They are primarily taxes that must be paid by businesses, usually increasing prices for consumers indirectly.

Which of the following services is subject to excise tax?

Goods Subject to Excise Tax Goods and services that have to pay excise tax can be divided into 6 groups: liquor, tobacco, oil, automobile, luxury goods, and mineral.

Who files IRS form 720?

Who files Form 720? Whether you are a manufacturer, retailer, airline or any other business that deals in goods for which excise taxes are due, you have a responsibility to file a Quarterly Federal Excise Tax Return on Form 720 up to four times per year, depending on the circumstances.

How do I know if my LLC needs to file form 720?

Your business needs to fill out IRS Form 720 if you sell goods or services that incur excise taxes.These products and services can include, but are not limited to: Telephone communications. Air transportation. Gasoline. Passenger ship transportation. Coal. Fishing equipment. Indoor tanning services. Bows and arrows.

Can IRS form 720 be filed electronically?

Yes. To electronically file Form 720 taxpayers will incur the cost of the providers required service fee for online submission.

Where do I file a 720 form?

Addresses for Forms Beginning with the Number 7 Form Name (For a copy of a Form, Instruction, or Publication)Address to Mail Form to IRS:Form 720 Quarterly Federal Excise Tax ReturnDepartment of the Treasury Internal Revenue Service Ogden, UT 84201-000917 more rows

What are the products that excisable?

What are excisable goods? Alcohol and alcoholic beverages, for instance: wine. beer. cider. spirits. Tobacco products, for instance: cigarettes. cigars. cigarillos. roll-your-own and pipe tobacco. Mineral oils (motor and heating fuels).

What are some examples of excise taxes imposed by the government?

General fund excise taxes are imposed on many goods and services, the most prominent of which are alcohol, tobacco, and health insurance. Other general fund excise taxes include taxes on local telephone service, vehicles with low-mileage ratings (gas guzzlers), ozone-depleting chemicals, and indoor tanning services.

Where do I file IRS form 720?

Addresses for Forms Beginning with the Number 7 Form Name (For a copy of a Form, Instruction, or Publication)Address to Mail Form to IRS:Form 720 Quarterly Federal Excise Tax ReturnDepartment of the Treasury Internal Revenue Service Ogden, UT 84201-000917 more rows

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