Form 720 Part II: Coverage Filing Steps and Online Support
Filing federal excise taxes can feel complex especially when you must report service based taxes and special fees. This page explains what Part II covers who needs to file and how to complete it online with eFileExcise720. Our IRS authorized portal guides you from signup to submission with a clear dashboard and real time help so you can meet deadlines with confidence.
With eFileExcise720 you can create a free account, enter Part II details in simple steps and transmit your return securely to the IRS. There is no software to install and our support team is ready to answer questions when you need help. Whether you run a salon that offers indoor tanning or you manage a self insured health plan we help you prepare accurate entries and avoid common mistakes.
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What Part II Includes and Who It Impacts
Part II of Form 720 captures excise taxes tied to specific services and fees that are not listed in Part I. It typically applies to businesses that provide certain taxable services or administrators that owe health plan fees. Common examples include the indoor tanning services tax and the Patient Centered Outcomes Research Institute fee for applicable self insured health plans. If your business collects or owes one of these taxes you file the section for the correct quarter and pay the amount due.
Part II lines require the number of taxable services or covered lives then the tax rate and the total tax. You also report adjustments and deposits if any. Keep source records such as invoices appointment logs, plan enrollment counts and prior confirmations so your entries are consistent.
What You Need Before You File
Start by confirming that your business has an EIN and is set up to pay federal excise tax. Gather the prior quarter return if filed receipts that show taxable transactions, any IRS notices and proof of deposits. For health plan filers confirm the plan year end dates and covered lives for the PCORI calculation. For service providers like tanning salons gather daily or monthly totals of taxable sessions for the filing quarter.
You will also need basic filing data such as business name address EIN and the quarter you are reporting. If someone else submits for you, keep a signed authorization on file. Save bank account details if you plan to pay any balance due with electronic funds withdrawal.
First time filers should read the official Instructions for Form 720 to understand terminology and line references. The instruction guide from the IRS is updated as rules change so verify the current quarter. You can review it on the IRS website for clarity and record keeping guidance.
How to File Online with eFileExcise720
eFileExcise720 is an IRS authorized e filing platform that lets you submit your return fast from any browser. You can create a free account, start a new Form 720, select the correct quarter then choose Part II. Our guided screens collect each line item and show totals as you enter data with clear prompts. Your data is protected with secure encryption and your progress saves as you go.
Follow these steps to finish quickly:
- Sign in then choose Start New Return.
- Enter business profile details and confirm EIN.
- Select the quarter and pick Part II sections that apply.
- Enter quantities rates and tax amounts for each line.
- Review totals pay any balance due and authorize e signature.
- Transmit to the IRS and download your stamped copy.
Need to correct a past quarter This platform supports amendments on Form 720 X and helps with Form 8849 claims when you are due a refund. Our customer team offers real time IRS support so you get help at the moment you need it. Support is fast and reliable.
If you must file Form 720 Part II only you can complete just that section and skip lines that do not apply. The dashboard shows progress for each section and alerts you before submission if a required entry is missing.
Deadlines Payments and Amendments
Form 720 is a quarterly return with due dates in April, July October and January for the prior quarter. You should file a return for any quarter in which you have liability even if you paid deposits during the period. If the due date falls on a weekend or legal holiday the deadline moves to the next business day.
Payment can be made through electronic funds withdrawal when you transmit or through EFTPS. Keep confirmation of any deposit or payment for your records. eFileExcise720 provides a filing receipt so you can prove timely submission during an IRS review.
Need to fix an error after you filed Use Form 720 X to amend the affected quarter. Our platform guides you through the amendment steps and keeps the corrected return alongside your original copy for audit readiness.
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The final person I talked to was able to really help me and stayed on the line until the issue was resolved. I was about to end the call but she convinced me that she knew what i needed to do. A very good customer service person. Superior!.
The final person I talked to was able to really help me and stayed on the line until the issue was resolved. I was about to end the call but she convinced me that she knew what i needed to do. A very good customer service person. Superior!.
Frequently Asked Questions
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Create your account at eFileExcise720 to submit your return fast with guided steps secure data protection and friendly help. Our platform supports all Form 720 categories so you can complete every section in one place.
Start now to file on time and reduce risk of notices. Visit eFileExcise720 and begin your online filing today. Got questions Our team offers personalized IRS support today.
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