Indoor Tanning Services Tax in Florida

Excise Tax for Indoor Tanning Services

Indoor tanning services (IRS no. 140) are required to pay collect and remit a 10% excise tax for their services under Obamacare. There are specific instructions for indoor tanning service providers who must file IRS Form I-720. The basic instructions are:

  • The tax is paid by the person paying for the indoor tanning service
  • The tax is collected by the person receiving payment for the indoor tanning services
  • The collector must collect and remit the tax and file the return
  • If the tax is not collected for any reason, the collector is liable for the tax

These instructions may seem simple enough, but just like with any tax form, completing and submitting Form 720 can be detailed and confusing. With help from a Palm Beach County tax attorney, however, you will not have to worry about the issue.

Filing Dates for IRS Form 720

Collectors of these excise taxes are required to file the Form 720 on a quarterly basis. This means that, as a collector for a tanning service, you must file and pay Form 720 by the following dates:

  • April 30 (for Jan., Feb. and Mar.)
  • July 31 (for Apr., May and June)
  • October 31 (for July, Aug. and Sept.)
  • January 31 (for Oct., Nov. and Dec.)

If any of these dates fall on a Saturday, Sunday, or legal holiday, then the form must be filed by the next business day.

Consult a Palm Beach County Tax Attorney

Do you own or manage an indoor tanning service in Palm Beach County? A Palm Beach County tax lawyer from The Law Office of Michael K. Miller, P.A. can assist you in filing your forms 720. It is vital that you do not make a mistake; if you do, the IRS may come knocking and you could face fines or even criminal charges.

Call (561) 693-3734 to contact us and request a free initial consultation with a Palm Beach County tax attorney today!

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