Manufacturer Taxes

Filing Manufacturer Taxes Online

All manufacturer excise taxes must be reported quarterly on IRS Form 720 (Quarterly Federal Excise Tax Return). These taxes apply to specific goods produced or sold in the U.S. and are regulated under different IRS numbers.

Importance of Correct Manufacturer Tax Rates:

Different products are taxed at different rates, but the system automatically applies the right IRS rate. This ensures compliance, saves time, and reduces costly errors.

Accurate Manufacture tax Reporting with Excise720

Check If You Need to File

You must file Manufacturer Excise Taxes if you are a: • Manufacturer, producer, or importer of taxable goods. • Business dealing with coal, tires, fuel-inefficient vehicles, or vaccines. If you create, modify, assemble, or bring these products into the U.S. market, you are responsible for reporting and paying manufacturer excise taxes.

Gather Your Information

Before filing, prepare: • Business name, address, and EIN. • Product type (coal, tires, vehicles, vaccines). • Sales or production quantities. • Pricing or weight records as required by IRS rules.

Enter Your Details

When filing online, provide the following for each taxable product: Tax Date – date of manufacture, sale, or import. Product Type – coal, tires, vehicle, or vaccine. Quantity or Units – tons, tires, vehicles, or doses. Sales Data / Weight – as applicable to IRS rules. Tax Amount ($) – the system will auto-calculate using the correct IRS rates. You only enter product details; the system applies the IRS tax rate automatically.

Claim Exemptions or Credits (If Applicable)

Exemptions may apply for certain export sales or non-taxable uses. If tax was incorrectly collected, you may file for a credit or refund. Prior quarter corrections can be made using Form 720-X.

Review and Submit

Confirm product details and quantities. Double-check that exempt sales are excluded. The system will flag any missing or invalid information. Submit Form 720 electronically after review.

Pay and Save Your Records

Pay excise taxes through integrated IRS-compliant payment methods (EFTPS, ACH, EFW, debit/credit card). Save partially completed returns and finish later. Keep filed returns and supporting sales records for at least three years. Access prior filings and payment history anytime in your dashboard.

Need Help?

Use the built-in help tool for product-specific guidance. Refer to IRS Pub. 510 for detailed excise tax rules. Contact a tax professional for complex production or exemption scenarios.

Frequently Asked Questions

Find answers to questions about our tax filing services

Do I have to calculate manufacturer taxes manually?

No. The system automatically calculates taxes based on your product entries.

What happens if I miss a filing deadline?

How are taxes calculated for coal?

Are shipping and handling taxed?

Can excise tax be included in the sale price?

Who needs to file manufacturer taxes?

Can I make corrections if I file wrong data?

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