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Form 720 must be signed by a person authorized by the entity to sign this return. If you want to allow an employee of your business, a return preparer, or other third party to discuss your Form 720 with the IRS, check the Yes box on Form 720 under Third Party Designee.
IRS is currently accepting electronically-filed Forms 720. Forms can be submitted online 24 hours per day.
The third party can be a family member or friend, a tax professional, attorney or business, depending on the authorization. There are different types of third party authorizations: Power of Attorney - Allow someone to represent you in tax matters before the IRS.
As an IRS Authorized Signer, you are stating that you are a person or principal who can legally bind the entity. You are authorized to sign and act in tax matters on behalf of the business identified on your application.
IRS.GOV/FREEFILE. Visit the Free File Site. Start the Process. Get Registered. Select Your 1040. Fill Out Your Tax Forms. E-File Your Tax Form. CREATE AN ACCOUNT.
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You can choose to represent yourself before the IRS, or you may authorize someone to represent you. If you choose to have someone represent you, your representative must be an individual authorized to practice before the IRS.
Form 720 instructions: A step-by-step guide Gather accounting documents and fill out your business information. 2a. 2b. Calculate the appropriate excise taxes and fill out Form 720 Part II. Determine if you need to fill out Schedule T or Schedule C and complete these sections of Form 720. Fill out Part III of Form 720.
Any entity, whether a sole proprietorship, partnership, corporation, or a limited liability company, dealing in goods or services subject to federal excise taxes must file Form 720. This includes businesses involved in the sale of luxury goods, certain types of equipment, or specific services.

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