Financial Services
IRS Form 720, Quarterly Federal Excise Tax Return, is used by businesses to report and pay certain federal excise taxes. These taxes can apply to fuel, transportation, communications, insurance, environmental activities, retail products, and other taxable goods or services. Excise720 provides an online platform designed to simplify Form 720 preparation and electronic filing. What Taxes Are Reported on Form 720? Form 720 covers several federal excise tax categories. Depending on your business activities, you may need to report one or more of the following. Fuel Excise Taxes Businesses involved with gasoline, diesel, kerosene, aviation fuel, and certain alternative fuels may have federal excise tax obligations. Learn more about Form 720 fuel tax filing. Foreign Insurance Taxes Certain premiums paid to foreign insurers or reinsurers may be subject to federal excise tax. Review foreign insurance excise tax filing for additional information. Retail Excise Taxes Certain first retail sales of heavy trucks, trailers, semitrailers, and tractors may be subject to federal retail excise tax. Learn more about retail excise tax filing. PCORI Fee Certain health insurers and self-insured plan sponsors may need to report the Patient-Centered Outcomes Research Institute fee on Form 720. Visit the PCORI fee filing guide for filing information. When Is Form 720 Due? Form 720 is generally filed quarterly: January–March: April 30 April–June: July 31 July–September: October 31 October–December: January 31 If a deadline falls on a weekend or legal holiday, the IRS generally allows filing on the next business day. Can You File Form 720 Online? Yes. Excise720 offers an online Form 720 filing process with step-by-step guidance, tax preparation tools, electronic IRS submission, and filing confirmation. Businesses can use the platform for single excise taxes or returns containing multiple supported tax categories. How Much Does Form 720 E-Filing Cost? Excise720 currently offers different filing options based on the type of return and tax liability. Review the latest Excise720 pricing before starting your return. File Form 720 with Excise720 Whether you are reporting fuel taxes, PCORI fees, foreign insurance taxes, retail excise taxes, or multiple federal excise tax categories, an online filing platform can make the process easier to manage. Visit Excise720 to start your Form 720 filing online.
