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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).
How do I file taxes in the Virgin Islands?
There is no electronic filing in the Virgin Islands at this time. Taxpayers must drop off in person or mail the returns to the Bureau for processing. For more information about filing requirements for bona fide residents, please call the Office of Chief Counsel at 715-1040, ext. 2249.
Where do I mail my US Virgin Islands tax return?
The mailing address is 9601 Estate Thomas, St. Thomas, VI 00802.
What is a bona fide resident of the Virgin Islands?
Bona Fide Residence Requirement The Code provides that an individual satisfies the presence requirement if he or she is present on the respective island (Puerto Rico or the USVI) for at least 183 days during the tax year.
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