Other Excise Taxes

You must file under IRS No. 31 if you issue or deal in: • Obligations not in registered form (bearer bonds or similar instruments). • Debt instruments that are not registered with the issuer as required by federal tax law. This excise tax applies regardless of the instrument's maturity.

Before filing, prepare: • Business name, address, and EIN. • Principal amount of each obligation. • Issue and maturity dates (to determine tax period). • Number of calendar years (or portion thereof) the obligation covers. Special Rule: If the maturity period is less than 1 year, the tax is still calculated as if it were for a full year.

When filing online, provide the following for each obligation: Tax Date – date of issuance. Principal Amount ($) – amount of the obligation. No. of Calendar Years – number of years from issue to maturity. Tax Amount ($) – system will auto-calculate based on IRS rules: If maturity is under 1 year, the system applies 1 full year for calculation.

Exemptions may apply for certain government or registered obligations. If tax was collected on a non-taxable issuance, a refund/credit may be claimed through Form 720-X.

Verify principal amounts and calendar years. Confirm that the 1-year minimum rule was correctly applied. Submit Form 720 electronically after reviewing.

Pay excise taxes securely through the integrated payment gateway. Save filings in progress and return later if needed. Keep obligation records and filed returns for at least three years. Review past filings anytime in your account dashboard.

Use the online help tool for guidance on registered vs. non-registered obligations. Refer to IRS Pub. 510 for detailed rules on excise taxes. Consult a tax professional for complex bond issuances.