Online Fuel Excise Tax Filing Made Simple
All federal fuel taxes must be filed quarterly on IRS Form 720 (Quarterly Federal Excise Tax Return). This includes diesel, gasoline, kerosene, LPG, CNG, alternative fuels, and other listed categories. If you remove, sell, produce, blend, or import fuel, Schedule T must be filed for two-party exchanges.
Simple720Tax provides automated gallon checks, built-in IRS rate accuracy, and secure quarterly filing to keep your business fully compliant.
Why Accurate Fuel Gallon & Schedule T Filing Matters
Accurate gallon totals and correctly matched Schedule T data ensure smooth processing, prevent partner discrepancies, and help to avoid unexpected IRS penalties. Simple720Tax validates gallon amounts, checks exchange dates, and keeps your fuel activity aligned with IRS rules - offering error-free quarterly filing.
Determine Whether You Need to File
You are required to file federal Fuel Excise Taxes if your business was involved in any of the following taxable fuel activities during the quarter:
Diesel Fuel
- •Diesel Fuel (IRS Nos. 60a, 60b, 60c) – taxable removals, sales, or use
- •Diesel–Water Emulsion (IRS No. 104)
- •Dyed Diesel & LUST Taxes (IRS Nos. 105, 107, 119)
Alternative Fuels
- •LPG (IRS No. 112)
- •"P-Series" Fuels (IRS No. 113)
- •CNG (IRS No. 120)
- •Liquefied Hydrogen (IRS No. 121)
- •Biomass, LNG, Fischer–Tropsch fuels (IRS Nos. 122–123)
Kerosene
- •Standard Kerosene (IRS Nos. 35a, 35b)
- •Aviation Kerosene (IRS No. 69)
- •Commercial Aviation Fuel (IRS No. 77)
- •LUST Tax on Non-taxable Use (IRS No. 111)
Gasoline
- •Gasoline (IRS Nos. 62a, 62b)
- •Aviation Gasoline (IRS No. 14)
- •Fractional Ownership Aircraft Fuel (IRS No. 13)
- •Other Fuels (IRS No. 79)
If you produce, transport, remove, blend, import, or otherwise handle any of these fuels, you must report the activity and file the applicable excise taxes through Form 720.
Information You Should Have Ready
Before preparing your return, collect:
- ✓Business information (name, address, EIN)
- ✓Fuel types handled this quarter
- ✓Gallons removed, sold, imported, or blended
- ✓Schedule T details for two-party exchanges
- ✓Documents for credits or exemptions
- ✓Records of dyed fuel/LUST-tax usage
Provide Your Fuel Tax Details
When filing fuel returns online, you'll be asked to enter the following:
Taxable Event Date
- •Choose the date the removal, sale, import, or blending occurred.
Type of Activity
- •Removal, sale, importation, blending, or production.
Fuel Category
- •Diesel, gasoline, kerosene, LPG, CNG, LNG, hydrogen, biomass, etc.
Gallons Handled
- •Input the total gallons subject to tax.
Tax Calculation
- •The system calculates tax using accurate IRS rates.
Schedule T (Two-Party Exchanges)
- •Report each exchange separately.
- •Gallons & dates must match your partner's submission.
- •Simple720 alerts you to mismatches before the IRS sees them.
Credits and Exemptions You Can Claim
Credits may apply for:
- •Exports
- •Non-taxable uses of fuel
- •Fuel previously taxed
- •Dyed fuel used for off-highway activities
- •Certain alternative fuel incentives
To claim these credits, ensure they are reported on Form 720 with valid proof.
Review Your Entries & Submit
Before filing:
- ✓Check that all IRS numbers & fuel types are correct
- ✓Verify Schedule T details (receiver, gallons, dates)
- ✓Correct any system-flagged errors
- ✓Submit Form 720 once validation is complete
Make Payment & Save Your Records
- •Pay fuel taxes through integrated payment options
- •Save partial forms and complete them later
- •Download IRS-accepted copies instantly
- •Keep filing records for at least three years
- •Access previous filings anytime in your Simple720 dashboard
Need Assistance While Filing?
- •Use the built-in help icons for guidance
- •Refer to IRS Pub. 510 for detailed rules
- •Consult a tax professional for complex credits or exchanges