File Your Federal Excise Taxes the Easy Way
Simple, accurate, IRS-compliant Form 720 filing
What Is IRS Form 720 & Who Must File?
IRS Form 720, the Quarterly Federal Excise Tax Return, is filed with the IRS by companies to report quarterly tax payments on specific products and services. These aren't taxes on income, but rather federal excise obligations tied to specific activities governed through the IRS.
Businesses must file Form 720 if they manufacture, sell, import, or use taxable products such as:
- •Fuel and diesel
- •Ozone-depleting chemicals
- •Aviation services
- •Tires and heavy vehicles
- •Communications and telephone services
- •Environmental and chemical products
If your business is liable for any excise category, the IRS requires quarterly filing—even if you only had activity for a single tax period.
Why Correct Form 720 Filing Matters
- ✓Prevent penalties, late fees, and IRS interest
- ✓Maintain clean business tax records
- ✓Avoid unnecessary IRS notices and audits
- ✓Ensure proper credit and refund claims
- ✓Stay fully compliant with federal excise tax rules
Filing correctly every quarter helps protect your business and ensures smooth tax operations year-round.
Form 720 Sections We Support
Part I – Federal Excise Tax Liability
We help you report excise taxes for fuel, heavy vehicles, aviation services, indoor tanning, and other Part I categories. Simple720Tax automatically assigns your business activity to the correct tax line.
Part II – Additional Taxes
Includes archery equipment, sport fishing, foreign insurance, environmental taxes, and other specialty excise categories.
Schedule A – Excise Tax Liability Summary
Automatically calculates taxable amounts, entries, and adjustments. Simple720Tax organizes all quarterly liability totals so your Form 720 is fully compliant.
Schedule C – Claim for Credit or Refund
Claim credits for exported products, overpaid taxes, non-taxable use of fuels, returned items, or other IRS-approved adjustments.
Schedule T – Two-Party Exchange Reporting
For fuel exchanges involving multiple parties. We help ensure proper reporting and prevent IRS discrepancies.
Why File Form 720 with Simple720Tax?
IRS-Compliant Online Filing
Submit your return electronically with IRS-approved formatting and real-time updates.
Accurate Calculations
Our intelligent system ensures each entry matches IRS rules—no manual math required.
Fast, User-Friendly Experience
File Form 720 online in minutes with step-by-step guidance.
Safe & Secure
Your data is encrypted and protected throughout the filing process.
Support for Complex Tax Types
From fuel credits to multi-party fuel exchanges, we cover every excise category your business may need.
Common Excise Taxes Reported on Form 720
Comprehensive coverage for all major excise tax categories
Fuel Taxes
Diesel, gasoline, kerosene, and aviation fuels.
Tire Taxes
Tax on imported or manufactured tires and heavy-vehicle tires.
Environmental Taxes
Ozone-depleting chemicals, petroleum products, chemical excise fees.
Communications Taxes
Local telephone services, VOIP, cable communications.
Air Transportation Taxes
Passenger air travel, cargo transportation, and related services.