This version of the form is not currently in use and is provided for reference only. Download this version of IRS Form 720 for the current year.
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on January 1, 2019. Check the official IRS-issued instructions before completing and submitting the form.
Q: What is IRS Form 720?
A: IRS Form 720 is the Quarterly Federal Excise Tax Return.
Q: Who needs to file IRS Form 720?
A: Businesses and individuals who are liable for federal excise taxes need to file IRS Form 720.
Q: What is federal excise tax?
A: Federal excise tax is a tax imposed on specific goods, activities, or services.
Q: What are some examples of goods and services subject to federal excise tax?
A: Examples of goods and services subject to federal excise tax include gasoline, tobacco, alcohol, and airline tickets.
Q: When is IRS Form 720 due?
A: IRS Form 720 is due on a quarterly basis, typically on the last day of the month following the end of the quarter.
Q: How do I file IRS Form 720?
A: IRS Form 720 can be filed electronically or by mail.
Q: Are there any penalties for not filing IRS Form 720?
A: Yes, there are penalties for not filing IRS Form 720 or for filing it late. It is important to file the form on time to avoid penalties.
Form Details:
Download a fillable version of IRS Form 720 through the link below or browse more documents in our library of IRS Forms.