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What is an excise tax in Washington State?

Real estate excise tax (REET) is a tax on the sale of real property. All sales of real property in the state are subject to REET unless a specific exemption is claimed. The seller of the property typically pays the real estate excise tax, although the buyer is liable for the tax if it is not paid.

What is combined excise tax return Washington State?

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

What is form 720 for foreign insurance?

Form 720 (Excise Tax) The Form 720 is used to report the payment of foreign life insurance premiums to the IRS. The Internal Revenue Service charges a 1% excise tax.

Do I need to file Form 720 Quarterly Federal excise Tax Return?

Who files 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.

Who files form 720 for Pcori?

Issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans will file annually Form 720, Quarterly Federal Excise Tax Return, to report and pay the PCORI fee. The Form 720 will be due on July 31 of the year following the last day of the policy year or plan year.

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