Just received word from my accountants that new IRS Form 720 needs to be filled out.
Form 720 is a quarterly Federal Excise Tax...it is part of Obamacare (I believe). I have 3 employees so the cost to me is $2.00 per employee). $ 6.00 total. I figure by the time this is filled out and process the end results will be a loss of money to the gubment. How much will it cost them to keep audit me and process 6 bucks?