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Combined excise tax 2017 form-2025

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The document is a Combined Excise Tax Return form for Washington State, detailing the requirements for businesses to report their business and occupation taxes, sales and use taxes, and other related taxes. It includes sections for tax classification codes, deductions, penalties for late filing, and instructions for submitting the return. The form also provides information on how to file electronically and contact details for assistance.

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What is Washington Combined excise Tax Return?

Combined Excise Tax This return is used for reporting your business income, sales tax, and use tax.

Who is required to pay federal excise tax?

Excise taxes are taxes imposed on certain goods, services, and activities. Taxpayers include importers, manufacturers, retailers, and consumers, and vary depending on the specific tax. Excise taxes may be imposed at the time of: Entry into the United States, or sale or use after importation.

Who must file Washington BO taxes?

If youre a business operating in or with customers in Washington state, you will likely be required to pay both BO tax and sales and use tax. While Washington doesnt have income tax, it certainly does have sales tax, imposing some of the highest sales tax rates in the country.

Who files Form 720 excise tax?

1. Businesses. Any entity, whether a sole proprietorship, partnership, corporation, or a limited liability company, dealing in goods or services subject to federal excise taxes must file Form 720.

Why do I have to pay excise tax?

Many excise taxes go into trust funds for projects related to the taxed product or service, such as highway and airport improvements. Excise taxes are independent of income taxes. Often, the retailer, manufacturer or importer must pay the excise tax to the IRS and file the Form 720.

Can you take excise tax off your taxes?

An excise tax isnt deductible if its for a personal expense. You can deduct as a business expense excise taxes that are ordinary and necessary expenses of carrying on your trade or business.

What vehicles are exempt from excise tax?

Automobile truck bodies and chassis with a gross vehicle weight of 33,000 lb. or less, truck trailer and semi-trailer bodies and chassis for use with a trailer or semi-trailer having a gross vehicle weight of 26,000 lb. or less, and tractors mainly used for highway transportation with a trailer or semi-trailer having a

Combined excise tax 2017 form-2025

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