IRS Form 720

File Your Excise Taxes Quickly & Accurately

IRS Form 720, also known as the Quarterly Federal Excise Tax Return, is the form businesses use to report and pay excise taxes on certain goods, services, and activities. If your business deals with fuel, air transportation, environmental products, tires, or communications services, you may be required to file Form 720 every quarter.

Filing this form on time is crucial to avoid penalties, interest, and IRS notices.

What is IRS Form 720?

Form 720 is a tax return used by businesses to report federal excise taxes that apply to specific industries and products. Excise taxes are not income taxes – they are special federal taxes placed on particular items such as fuel, chemicals, airline tickets, tires, and telecommunications services.

The IRS requires businesses to file Form 720 each quarter if they produce, sell, or provide taxable goods and services.

Why Filing Form 720 Correctly Matters

Stay compliant with IRS rules
Avoid penalties & interest for late filing
Keep your business records accurate
Protect your business from costly audits

Form 720 Sections We Handle

Part I - Excise Tax Liability

Report your tax owed by IRS number. We match your business activities to the right tax codes automatically.

Part II – Additional Taxes

Patient-Centered Outcomes Research fee.
Sport fishing and archery equipment.
Indoor tanning (10% excise tax).
Foreign insurance excise tax and other specialized taxes.