What Is IRS Form 720? A Complete Guide to Excise Tax Filing

 Filing taxes isn’t just about income - certain businesses are also responsible for excise taxes. If you manufacture, sell, or use specific goods in the U.S., you may need to file IRS Form 720, also known as the Quarterly Federal Excise Tax Return.

Whether you're new to excise tax filing or looking for clear Form 720 instructions, this guide explains everything you need to know to confidently file your return online using Excise720.


What Is Form 720 Excise Tax?

Form 720 is a federal form used by businesses to report and pay excise taxes  - taxes imposed on the sale or use of specific items or services, such as:

  • Fuel and environmental taxes

  • Communications and air transportation

  • Foreign insurance policies

  • Indoor tanning services

  • Sports fishing equipment

  • Vaccines

  • Ozone-depleting chemicals

  • Manufacturer’s excise taxes

These taxes apply even if you don't owe income tax. They support programs such as highway maintenance, healthcare resources, and environmental protections.

When Is Form 720 Due?

Form 720 is filed quarterly:

Tax Quarter                   Filing Deadline
January – March                   April 30
April – JuneJuly 31
July – SeptemberOctober 31
October – DecemberJanuary 31

👉 Make sure your Form 720 return is submitted and any tax owed is paid by the due date to avoid penalties.

 Step-by-Step: How to File Form 720 (With Instructions)

Here’s a simplified breakdown of how to complete and file Form 720 excise tax online:

1. Confirm If You Must File

You're required to file Form 720 if you’re:

  • Importing taxable products into the U.S.

  • Manufacturing or selling products such as tires, vaccines, fishing rods, etc.

  • Providing services like indoor tanning or air transportation

  • Holding certain floor stocks of ozone-depleting chemicals

Check the IRS Form 720 instructions for a complete list of taxable products or services.

2. Gather Required Information

Before filing, make sure you have:

  • Business legal name and EIN

  • Excise tax activity details (e.g. gallons, units, transactions)

  • Tax period (quarter you're reporting for)

  • Any relevant Crude Oil or Environmental Tax details (if applicable)

3. Complete Part I and/or Part II

  • Part I: For environmental, communications, transportation, and air travel taxes

  • Part II: For manufacturers, retailers, fuel, fishing equipment, and other sales-based taxes

4. Submit the Schedule(s)

For certain excise taxes like fuel or ODC (ozone-depleting chemicals), you’ll also need to fill out an accompanying Schedule A or T.

 Why File Form 720 Online with Excise720?

 IRS-Authorized E-File Provider
 Fast and Easy – File in Minutes
 System Auto-Calculates Excise Tax
 Error-Free, Smart Validations
 Instant IRS Acknowledgment
 Safe, Secure, and Affordable Pricing

👉 Start filing now: File Form 720 Online

🛠️ Frequently Asked Questions (FAQ)

Q: What are the IRS 720 instructions?
A: The IRS provides detailed filing instructions on completing Form 720, as well as all corresponding schedules. You can also find simple instructions and free resources on Excise720.com.

Q: Do I need to file Form 720 if I don’t owe tax?
A: Yes, if your business engages in any taxable activity even if no excise tax is due you still must file.

File Form 720 Online in Minutes  - Try It Today!

Say goodbye to paperwork, confusion, and IRS delays. With

Excise720, you can file Form 720 quickly and accurately — anytime, from anywhere.

👉 Ready to get started?


 🔗 File Form 720 Online with Excise720 – Fast. Secure. IRS-Approved.

💬 Need help? Our support team is ready to assist you with any filing questions.

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