 Income tax 2021-2022, excise taxes. Get ready to get refunds to the max, dive it into income tax 2021-2022. Most of this information can be found in publication 334, Tax Guide for Small Business 2021. We're looking at the income line, noting that we'll have a sub-schedule, in essence, being an income statement with income and expenses, expenses basically being deductions, the net flowing into line one of the income tax formula, and page one of the form 1040, where we're at now looking at line eight, other income from schedule one, net income coming from the schedule C to the schedule one, then to line eight on the first page of the 1040. This is the schedule C, profit or loss from business, and this is basically an income statement. Excise taxes. This section indicates some of the excise taxes you may have to pay and the forms you have to file if you do any of the following, manufacture or sell certain products, operate certain kinds of businesses, use various kinds of equipment, facilities or products, receive payments for certain services. For more information on excise taxes, you can take a look at publication 510. So obviously the excise taxes will be specific to particular types of industries. If you're subject to them, then of course you could dive into it in more detail with publication 510. You could find that on the IRS website, irs.gov, irs.gov, form 720. The federal excise taxes reported on form 720, quarterly federal excise tax return consists of several broad categories of taxes, including the following, environmental taxes on the sale or use of ozone depleting chemicals in imported products containing or manufactured with these chemicals, communications and air transportation taxes. We have then the fuel taxes, taxes on first retail sale of heavy trucks, trailers and tractors, manufacturers taxes on the sale or use of a variety of different articles. And then we have tax on indoor tanning services. So if you are subject to those taxes or in those industries, then you can take a look at the form 720 in more detail as well and possibly the instructions to it. Form 2290, there was a federal excise tax on the use of certain trucks, truck tractors and buses on public highways. The tax applies to vehicles having a taxable gross weight of 55,000 pounds or more report the tax on form 2290, heavy highway vehicle use tax return. For more information, you can see the instructions for form 2290. We have the depositing excise taxes and that if you have to file a quarterly excise tax return on form 720, you may have to deposit your excise taxes before the return is due. For details on depositing excise taxes, see the instructions for form 720.