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Form 720: 720
Form 720 is the Annual Federal Excise Tax Return. It reports excise taxes that businesses owe on certain goods, services, and activities for a calendar year.
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IRS Form 720 - 720
Form 720 is the Annual Federal Excise Tax Return. It reports excise taxes that businesses owe on certain goods, services, and activities for a calendar year.
Risk Radar
Scan points- 1A single mis‑calculated line can trigger a $500 penalty per tax type.
- 2Missing a schedule for a tax you actually owe
- 3Using the wrong tax rate for a product
- 4Failing to include required exemptions or credits
- 5Incorrect total calculation leading to underpayment
Plain English
If your company sells gasoline, airline tickets, indoor tanning services, or other taxed items, you must tell the IRS how much tax you owe each year using Form 720. The form tallies each tax type and calculates the total payment due.
Submission Date
- Filing date: 2026-04-14 10:10:43
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
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What this form is for
- Use when you owe any federal excise tax for the calendar year.
- Do not use if you only owe customs duties; those are reported on other forms.
- If you are unsure whether a product is excise‑taxed, review IRS Publication 510.
Form selector
Use this form or another form?
Gasoline sales
Specific gasoline tax rates
✓ Verify fuel volume records
Airline tickets
Passenger‑based tax
✓ Confirm ticket count and fare class
Indoor tanning services
Per‑session tax
✓ Check session logs{title
Not clearly stated in the provided official source
Not clearly stated in the provided official source
✓ Not clearly stated in the provided official source
Not clearly stated in the provided official source
Not clearly stated in the provided official source
✓ Not clearly stated in the provided official source
Not clearly stated in the provided official source
Not clearly stated in the provided official source
✓ Not clearly stated in the provided official source
Field map
Compact field-by-field guide
General Info
2 items
Full legal name and taxpayer identification number (SSN or EIN).
Current mailing address.
Details
2 items
Complete all applicable sections of this form according to the official IRS instructions.
Enter the relevant dollar amount if this form involves tax calculation.
Certification
1 items
Read and acknowledge any certifications required by this form.
Signatures
1 items
Sign and date. Unsigned forms cannot be processed.
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Fillable formOpen in Editor->The 2024 edition of Form 720 is available on the IRS website. Check the IRS newsroom for any updates before filing.
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