MCC 7276 - Taxes 
The Merchant Category Code (MCC) 7276 is designated for businesses and entities primarily involved in the preparation, filing, and consultancy of tax-related matters. This code is used to categorize transactions related to tax payments and services, highlighting its role in financial management and compliance. Companies involved in tax preparation, tax advisory services, and tax payment facilitation generally fall under this MCC.
Types of Services
- Tax Preparation: Services that assist individuals and businesses in preparing their tax returns, ensuring accurate filings in compliance with tax laws.
- Tax Consultancy: Professional advice provided to optimize tax responsibilities, including strategic planning and advisory services for compliance and efficiency.
- Electronic Tax Payment Facilitation: Services that simplify the payment of taxes online, including platforms that manage and process transactions with tax authorities.
Related MCCs
- MCC 6012: Financial Institutions - Merchandise, Services, and Debt Repayment: Covers transactions related to billing, loans, and other payments processed through financial institutions, differing from direct tax service providers.
- MCC 9399: Government Services - Not Elsewhere Classified: Includes a broad range of government-related services not specifically associated with tax payments, focusing more on general government transactions.
FAQs
- What types of transactions are usually coded under MCC 7276?
- Transactions typically include payments for tax preparation services, tax consultancy fees, and electronic tax filings done through recognized platforms. - Do online tax software providers fall under this MCC?
- Yes, many online tax software providers are categorized under MCC 7276 as they provide tax preparation and filing services. - Is this MCC only for businesses?
- While primarily for business-related tax services, individuals using professional tax services or software are also classified under this MCC during such transactions.
MCC Categories
Agricultural Services Airlines Business Services Car rent Cars and vehicles Clothing stores Contract services Entertainment services Government Services Hotels / Resorts Mail / Telephone Sales Membership оrganizations Miscellaneous Stores Not categorized Personal services Professional services Repair services Retail Outlet Services Service provider Transportation Services Utility Services Wholesale suppliers and manufacturers