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Form 720 - Intro Form 720 is the Quarterly Federal Excise Tax Return businesses use to report and pay excise taxes on products and services like fuel, environmental taxes, indoor tanning, manufacturer taxes, air transportation, and more.

For many business owners, Form 720 deadlines slip by unnoticed. Amid the day-to-day hustle, quarterly excise tax filings often aren’t top of mind. But then one day, you receive an IRS notice, and you realize that even a small delay can end up costing more than you anticipated.

IRS Form 720, the Quarterly Federal Excise Tax Return, is a vital document for businesses that manufacture, sell, or use specific goods and services subject to federal excise taxes.