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IRS Form 720, the Quarterly Federal Excise Tax Return, is a tax form for businesses that sell goods or services subject to excise tax to report and pay those taxes. IRS Form 720 consists of three parts, as well as Schedule A, Schedule T and Schedule C sections and a payment voucher (called Form 720-V).
If your business does not owe a PCORI fee, IRS Form 720 doesnt need to be completed. If you currently file Form 720, you will pay the fee with your second quarter return. If you dont regularly file Form 720, you only need to file the form once, during the second quarter with your return.
Use Form 720 and attachments to report your liability by IRS No. and pay the excise taxes listed on the form. If you report a liability on Part I or Part II, you may be eligible to use Schedule C to claim a credit.
Addresses for Forms Beginning with the Number 7 Form Name (For a copy of a Form, Instruction, or Publication)Address to Mail Form to IRS:Form 720 Quarterly Federal Excise Tax ReturnDepartment of the Treasury Internal Revenue Service Ogden, UT 84201-000917 more rows Nov 29, 2022
Issuers and plan sponsors will file Form 720 annually to report and pay the PCORI fee, no later than July 31 of the calendar year following the policy or plan year to which the fee applies.
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You can pay online, by phone or with your mobile device.
You can electronically file Form 720 through any electronic return originator (ERO), transmitter, and/or intermediate service provider (ISP) participating in the IRS e-file program for excise taxes. For more information on e-file, go to Excise Tax e-File Compliance (ETEC) Programs - Forms 720, 2290, and 8849.
Yes. To electronically file Form 720 taxpayers will incur the cost of the providers required service fee for online submission.

form 720 for 2021