Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

This answer was rated:

I filed for my EIN and when it asked if I would being filing…

I filed for my EIN...
I filed for my EIN and when it asked if I would being filing form 720 for excise tax i put no. I am unsure now as to if I should have put yes. Our business will be pet accessories and treats in a retail/bakery setting.If I did that wrong do i need to refile and change?
Show More
Show Less
Ask Your Own Tax Question
Answered in 1 minute by:
1/30/2018
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 6,671
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
Verified

Thank you for requesting me.

You answered correctly. Excise tax does not apply to your type of business.

Thank you.

Barb

Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 6,671
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
Verified
Barbara and 87 other Tax Specialists are ready to help you
Ask your own question now
Customer reply replied 6 months ago
Thank you so much, Barbara! You are amazing as always!

Thank you for your kind words!

Thank you for the positive rating of my answer and very generous bonus.

I really appreciate it!

Ask Your Own Tax Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a tax professionalLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Barbara Your Own Question
Barbara
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 6,671
6,671 Satisfied Customers
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.

Barbara is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
Owned a business for 9 yrs, ( Retail,alcohol beer, wine,
Owned a business for 9 yrs, ( Retail,alcohol beer, wine, tobacco}. Filed my State excise tax quarterly regulary !!! Am I suppose to pay for Federal excise tax too? … read more
abci168
abci168
Principal
27 satisfied customers
Opening a new business, but we haven't opened yet but what
Opening a new business, but we haven't opened yet but what do you suggest about what rule to follow. As far as how much we set aside. Like should we do payroll like every 2 weeks? Every week? And how … read more
Barbara
Barbara
Enrolled Agent
6,671 satisfied customers
I formed an EIN back in 2012. However, 2016 was the first
Hi! I formed an EIN back in 2012. However, 2016 was the first year I filed my taxes under the number. I just got off the phone with the IRS. They told me I need to file returns for 2021,2013,2014 and … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
If I formed a single party llc and have income to the llc in
If I formed a single party llc and have income to the llc in 2015 an I correct I will get treated as follows- "And an LLC with only one member is treated as an entity disregarded as separate from its … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Hi- I entered the wrong EIN number on Q1 941 (typo). While
Hi- I entered the wrong EIN number on Q1 941 (typo). While the check was credited to the correct EIN #, the 941 was filed under a different business name, ‘forever plaid' & the incorrect EIN. We found… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
We recently formed a single-member LLC (Texas) that is a disregarded
We recently formed a single-member LLC (Texas) that is a disregarded entity-sole proprietorship. Former sole proprietorship had its own EIN for payroll purposes. I am trying to find out if we can use … read more
abci168
abci168
Principal
27 satisfied customers
Hello, I filed for an EIN from the IRS and in the process I
Hello, I filed for an EIN from the IRS and in the process I was asked if would be importing foreign electronics to file Form 720. I am importing about 100 pieces of electronic components (battery char… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Does a retail gas station owner have to file form 720 (Quarterly
Does a retail gas station owner have to file form 720 (Quarterly federal excise tax return) or not?… read more
Charles Greiner
Charles Greiner
Owner
Bachelor's Degree
2,436 satisfied customers
I have several questions about filling out my IRS 1065 for
I have several questions about filling out my IRS 1065 for a new 50/50 partnership business started in 2012, but having no sales or revenue until 2013. This is an estate sales services company. We liq… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
What is a form 720 for? .... my partner just filled out online
What is a form 720 for? .... my partner just filled out online for our EIN number as a new business (we are selling final expense insurance) and the instant letter she received said we need to file fo… read more
fastfile
fastfile
Tax Advisor
Master's Degree
550 satisfied customers
Hi, I am preparing a LLC that was just incorporated in February,
Hi, I am preparing a LLC that was just incorporated in February, should I indicate a short year by listing fiscal year beginning as the incorporation date and treat 12/31/2012 as fiscal year ending? T… read more
Charles Greiner
Charles Greiner
Owner
Bachelor's Degree
2,436 satisfied customers
We represent a group of insureds that pay premium to an offshore
We represent a group of insureds that pay premium to an offshore insurance company and therefore they must make an excise tax payment. Is there a way fro their administor to pay using one form for the… read more
Anne
Anne
Master Tax Preparer
1,328 satisfied customers
I have a client who has converted his car to compressed natual
I have a client who has converted his car to compressed natual gas and installed a home fueling station. How does he pay the federal excise tax on this use of natual gas?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
In a Limited Liability Corporation, Jane Doe applied for the
In a Limited Liability Corporation, Jane Doe applied for the EIN for the company name AAC (All About Children Child Development Center). Jane Doe is no longer part of the company. Jane Doe has been re… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
If I file for the EIN....can I initially not select S Corporation
If I file for the EIN....can I initially not select S Corporation status and then change it....in the next 30 days? Is there a 3 month 15 day limit?… read more
Shawn P. Adamo
Shawn P. Adamo
CEO
Bachelor's Degree
18 satisfied customers
Hello, I am starting a business in Philadelphia, PA. I have
Hello, I am starting a business in Philadelphia, PA. I have two partners. I am not sure which type of organization to choose on the business license application LLC or Limited Liability Partnership We… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I formed a single member LLC in 2009 to make biodiesel and
I formed a single member LLC in 2009 to make biodiesel and am now doing my taxes after filing an extension. I have spent money on building a biodiesel processor, storage tanks etc. I'm not even open f… read more
BK-CPA
BK-CPA
Bachelor's Degree
687 satisfied customers
We have a small business in Northern California and have ...
We have a small business in Northern California and have just been asked by a supplier to provide our excise tax number or form (E Form) before they will drop ship. Does this mean that I fax our EIN n… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x