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Form 7208: Excise Tax on Repurchase of Corporate Stock
IRS Form 7208 is the Excise Tax on Repurchase of Corporate Stock, used by publicly traded corporations and their specified affiliates (excluding RICs, REITs, and non‑RIC ‘40 Act funds) to calculate the 1% tax on stock repurchases, filed annually with the first full‑quarter Form 720 after the tax year (e.g., July 31 for years ending March).
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IRS Form 7208 - Excise Tax on Repurchase of Corporate Stock
IRS Form 7208 is the Excise Tax on Repurchase of Corporate Stock, used by publicly traded corporations and their specified affiliates (excluding RICs, REITs, and non‑RIC ‘40 Act funds) to calculate the 1% tax on stock repurchases, filed annually with the first full‑quarter Form 720 after the tax year (e.g., July 31 for years ending March).
Risk Radar
Scan points- 1Missing the filing deadline can trigger a 5% per‑month penalty up to 25% of the tax.
- 2Failing to attach Form 7208 to the correct quarter’s Form 720.
- 3Omitting Part II when the total repurchase amount on line 3 exceeds $1 million.
- 4Not calculating the 1% excise tax on line 11 after determining the taxable amount on line 10.
- 5Leaving the foreign corporation check box unchecked when applicable foreign stock was repurchased.
Plain English
Form 7208 reports the excise tax a corporation owes when it buys back its own stock. You total the fair market value of the repurchased shares, apply the 1% tax rate, and enter the amount. The tax is paid when you file your quarterly Form 720. The form must be attached to the correct quarter’s return.
Submission Date
- Filing date: 2025-12-19 09:10:40
- 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 this form when you are a covered corporation whose stock is repurchased or acquired during its tax year, an applicable specified affiliate of an applicable foreign corporation whose stock is acquired during the tax year, or an expatriated entity with respect to a covered surrogate foreign corporation whose stock is repurchased or acquired during the tax year.
- Do not use it when the covered corporation is a regulated investment company (RIC), a real estate investment trust (REIT), or a non‑RIC ‘40 Act fund.
- Check Form 720 instead when you need to file the quarterly return that includes the excise tax.
Form selector
Use this form or another form?
Tax year ends in Jan., Feb., Mar.
Attach Form 7208 to the 2nd Quarter Form 720, due July 31 same year
✓ Confirm the due date is July 31 of the same year
Tax year ends in Apr., May, Jun.
Attach Form 7208 to the 3rd Quarter Form 720, due October 31 same year
✓ Confirm the due date is October 31 of the same year
Tax year ends in Jul., Aug., Sep.
Attach Form 7208 to the 4th Quarter Form 720, due January 31 following year
✓ Confirm the due date is January 31 of the following year
Deadline or filing window
The filing deadline is triggered when the corporation’s tax year closes. Form 7208 must be attached to the first full‑quarter Form 720 after that date, with specific due dates: July 31 for years ending Jan‑Mar, October 31 for Apr‑Jun, January 31 (following year) for Jul‑Sep, and April 30 (following year) for Oct‑Dec. The instructions do not mention an automatic extension.
Checklist
What you need before filling it out
Total fair market value (FMV) of repurchased shares
Detailed transaction records showing FMV · Part I of Form 7208
Entity name and EIN for repurchasing or acquiring entity
Entity’s legal name and EIN · Columns (a) and (b) of Part I
Type of transaction
Description of purchase or acquisition · Column (c) of Part I
Number of shares
Share count statements · Column (g) of Part I
Attachment total from continuation sheets
Sum from continuation sheets · Line 2 of Part I
Before you submit
- 1Verify the form revision date reads June 2024.
- 2Confirm the instructions revision reads December 2025.
- 3Enter the entity name in column (a) and EIN in column (b).
- 4Select the correct type of transaction in column (c).
- 5Calculate total fair market value and enter it in column (h).
- 6Sum all FMV amounts and enter the total on line 3.
- 7Attach any required continuation sheets.
- 8Sign the attached Form 720 under penalties of perjury.
- 9Attach Form 7208 to the appropriate quarter of Form 720.
- 10Mail the completed Form 720 with attached Form 7208 to the filing address for Form 720.
How to file this form
- 1Gather detailed records of all stock repurchases for the tax year.
- 2Complete Part I of Form 7208, entering entity information, transaction details, and FMV.
- 3Attach any continuation sheets and calculate the total FMV on line 3.
- 4Attach Form 7208 to the appropriate quarterly Form 720.
- 5Sign the Form 720 (which includes Form 7208) under penalties of perjury.
- 6Mail the signed Form 720 with attached Form 7208 to the filing address for Form 720.
- 7Retain copies of the filed forms and supporting records.
Known limitations
- 1Preferred stock that qualifies as additional tier 1 capital is not considered stock for the excise tax (Instructions p.1).
- 2Preferred stock described in section 1504(a)(4) is not considered stock for the excise tax (Instructions p.1).
- 3Covered corporations that are regulated investment companies (RICs) do not need to file Form 7208 (Instructions p.2).
- 4Covered corporations that are real estate investment trusts (REITs) do not need to file Form 7208 (Instructions p.2).
- 5Covered corporations that are non‑RIC ‘40 Act funds do not need to file Form 7208 (Instructions p.2).
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.
Almost done reviewing the fields?
Fillable formOpen in Editor->Form 7208 shows a revision date of June 2024 and the instructions are revised December 2025; the source directs users to www.irs.gov/Form7208 for the latest information.
What changed or needs a fresh check
- Edition date — confirm the form shows "Form 7208 (June 2024)".
- Instructions revision — confirm the instructions show "Rev. December 2025".
- Signature — confirm the Form 720 to which this form is attached is signed under penalties of perjury.
- Mailing address — Not stated in the official source.
- Fee — Not stated in the official source.
Quick Facts
Downloads
After you file
- 1Retain a copy of the filed Form 7208 and any supporting documentation for your records (Not stated in the official source — verify on the agency site).
- 2Keep the retained copy for at least three years after filing (Not stated in the official source — verify on the agency site).
- 3The excise tax amount from Form 7208 appears on Form 720 line for IRS No. 150 (Instructions p.2).
- 4If an error is discovered, file a corrected Form 7208 marked “Amended” and attach it to Form 720‑X for the quarter to which the original Form 7208 was attached (Instructions p.2).
- 5Interest may be charged on any tax paid late under section 6621 (Instructions p.2).
- 6Penalties may be assessed under sections 6662 and 6663 for failure to file, negligence, or fraud (Instructions p.2).
Sources
- SRCInstructions p.1 — preferred stock that qualifies as additional tier 1 capital is excluded from the tax.
- SRCInstructions p.1 — preferred stock described in section 1504(a)(4) is excluded from the tax.
- SRCInstructions p.2 — regulated investment companies (RICs) do not need to file Form 7208.
- SRCInstructions p.2 — real estate investment trusts (REITs) do not need to file Form 7208.
- SRCInstructions p.2 — non‑RIC ‘40 Act funds do not need to file Form 7208.
- SRCInstructions p.2 — attach Form 7208 to Form 720 for the first full quarter after the tax year.
- SRCInstructions p.2 — due dates table links tax‑year end months to the quarter and filing deadline.
- SRCInstructions p.2 — amended returns require a corrected Form 7208 marked “Amended” attached to Form 720‑X.
- SRCInstructions p.2 — interest is charged on late tax payments under section 6621.
- SRCInstructions p.2 — penalties are imposed under sections 6662 and 6663 for failure to file, negligence, or fraud.
Common confusion points
Do I need to file if my corporation is a REIT?
REITs are specifically exempt from filing Form 7208.
→ Verify your corporation is not classified as a REIT under section 856(a).
Is all preferred stock subject to the excise tax?
Preferred stock that qualifies as tier 1 capital or is described in section 1504(a)(4) is excluded.
→ Check the stock classification against Regulations 58.4501‑1(b)(34)(ii) and (iii).
When is the due date for a tax year ending June?
Due dates depend on the quarter after the tax year ends, per the provided table.
→ Refer to the table: June year‑end attaches to 3rd Quarter Form 720, due October 31 same year.
Do I attach Form 7208 to my annual income tax return?
Form 7208 must be attached to the quarterly Form 720, not the income return.
→ Verify you are filing Form 720 for the first full quarter after your tax year end.
How do I report multiple repurchase events in one year?
Form 7208 aggregates all repurchases for the tax year into a single calculation.
→ Sum the fair market value of all repurchased stock and calculate 1% on line 11.
How do I file an amendment if I made a mistake?
Amended returns require a corrected Form 7208 marked “Amended” and attachment to Form 720‑X for the appropriate quarter.
→ Mark the top of Form 7208 “Amended” and attach it to the corresponding Form 720‑X.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Form 720‑X – file a corrected Form 7208 marked “Amended” and attach it to Form 720‑X for the quarter (Instructions p.2).
Questions about IRS Form 7208
What is IRS Form 7208 used for?
Form 7208 reports the excise tax a corporation owes when it buys back its own stock. You total the fair market value of the repurchased shares, apply the 1% tax rate, and enter the amount. The tax is paid when you file your quarterly Form 720. The form must be attached to the correct quarter’s return.
Who must file IRS Form 7208?
Publicly traded corporations or their specified affiliates that repurchase stock, except regulated investment companies, REITs, and non‑RIC ‘40 Act funds, must file IRS Form 7208.
What information does IRS Form 7208 require?
Form 7208 collects the total fair market value of repurchased stock (Part I, line 3), the taxable amount after adjustments (line 10), and the resulting 1% excise tax (line 11). It also requires details of each transaction in the table on page 1.
When is IRS Form 7208 due?
Form 7208 is due with the first full‑quarter Form 720 after the corporation’s tax year ends; for example, if the year ends in March, attach to the 2nd‑quarter Form 720 due July 31 of the same year.
Where do I file IRS Form 7208?
Attach Form 7208 to the appropriate quarterly Form 720 and send it to the address specified in the Form 720 instructions.
How do I complete IRS Form 7208?
First, list each stock repurchase in Part I, entering the number of shares and total fair market value. If the total on line 3 exceeds $1 million, continue to Part II. Compute the taxable amount on line 10, multiply by 1% to get the excise tax on line 11, and sign the form. Finally, attach Form 7208 to the correct quarter’s Form 720 and file it.
What happens if IRS Form 7208 is filed incorrectly?
Late filing incurs a penalty of 5% of the unpaid tax per month, up to 25%, and late payment adds a 0.5% per month penalty, also up to 25%, plus interest.
Do I need to file if my corporation is a REIT?
REITs are specifically exempt from filing Form 7208. Verify your corporation is not classified as a REIT under section 856(a).
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