Form 720 Downloads

Download the Form 720, instructions and helpful IRS guidance.

IRS Form 720: Quarterly Federal Excise Tax Return

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.

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 (PCOR) fee, sport fishing and archery equipment, indoor tanning (10% excise tax), foreign insurance excise tax and other specialized taxes.
  • Schedule A - Excise Tax Liability — Detailed breakdown of taxable items and calculations.
  • Schedule C - Claims — Credits for exported products, returned items, or other adjustments you're entitled to.
  • Schedule T – Two-Party Exchange Information Reporting — Used to report two-party exchanges of taxable fuel within an IRS-registered terminal.

Common Excise Taxes Reported on Form 720

  • Fuel Taxes: Gasoline, diesel, kerosene, aviation fuel
  • Air Transportation Taxes: Passenger and cargo services
  • Environmental Taxes: Chemicals and ozone-depleting substances
  • Tire Taxes: For motor vehicle tires sold or imported
  • Communications Taxes: Telephone, internet, cable services

Form 720 Downloads

Download the official IRS form, instructions, and Publication 510 to prepare your filing. Always check the IRS site for the latest versions.

Notes: Always refer to the latest IRS forms and instructions before filing, as requirements may change each tax year.