20 FORM 720 VI - Virgin Islands Internal Revenue 2025

Show details

4.3 out of 5

59 votes

The document is a Gross Receipts Monthly Tax Return form (Form 720 V.I.) for businesses in the U.S. Virgin Islands, used to report and pay taxes on gross receipts exceeding $120,000 annually. It includes sections for reporting gross receipts, exemptions, taxable amounts, penalties for late payment, and interest. The form also provides instructions for taxpayers regarding filing requirements and tax rates.

Here's how it works

01. Edit your form 720 vi online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send 720 vi via email, link, or fax. You can also download it, export it or print it out.

How to modify 20 FORM 720 VI - Virgin Islands Internal Revenue in PDF format online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Working on paperwork with our extensive and user-friendly PDF editor is simple. Adhere to the instructions below to complete 20 FORM 720 VI - Virgin Islands Internal Revenue online easily and quickly:

Sign in to your account. Sign up with your credentials or create a free account to try the product before choosing the subscription.
Import a document. Drag and drop the file from your device or import it from other services, like Google Drive, OneDrive, Dropbox, or an external link.
Edit 20 FORM 720 VI - Virgin Islands Internal Revenue. Easily add and highlight text, insert pictures, checkmarks, and symbols, drop new fillable areas, and rearrange or remove pages from your document.
Get the 20 FORM 720 VI - Virgin Islands Internal Revenue accomplished. Download your updated document, export it to the cloud, print it from the editor, or share it with other participants through a Shareable link or as an email attachment.

Take advantage of DocHub, the most straightforward editor to quickly manage your paperwork online!

See more 20 FORM 720 VI - Virgin Islands Internal Revenue versions

We've got more versions of the 20 FORM 720 VI - Virgin Islands Internal Revenue form. Select the right 20 FORM 720 VI - Virgin Islands Internal Revenue version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2012	4.9 Satisfied (497 Votes)
2011	4.4 Satisfied (217 Votes)
2008	4.3 Satisfied (59 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Who prepares form 720?

Businesses that deal in goods and services that are subject to excise tax should prepare a Form 720 to report the tax to the IRS. If your business is required to pay excise taxes, you should file a Quarterly Federal Excise Tax Return on Form 720, up to four times per year.

Is the U.S. Islands part of the US for tax purposes?

U.S. Islands (USVI) The USVI has its own income tax system based on the same laws and tax rates that apply in the United States. An important factor in USVI taxation is whether, during the entire tax year, you are a bona fide resident of the USVI.

Can form 720 be signed electronically?

The IRS strongly encourages taxpayers to opt for electronic filing when submitting Form 720, the Quarterly Federal Excise Tax Return. One reason electronic signatures are not permitted for manual filings is that the IRS promotes the use of the electronic filing method.

How do I file a 720 payment form?

Offline: For those who prefer traditional methods, you can obtain a physical copy of Form 720, complete it, and then mail it directly to the IRS. Ensure you keep a copy for your records. Online: The IRS provides an e-filing system on its official website, which is a convenient method for many businesses.

How do I file my U.S. Islands tax return?

File a signed copy of your tax return (with all attachments, forms, and schedules, including Form 8689) with the Islands Bureau of Internal Revenue, 6115 Estate Smith Bay, Suite 225, St. Thomas, VI 00802. They will accept a signed copy of your U.S. return and process it as an original return.

720vi

20 form 720 vi virgin islands internal revenue pdf 20 form 720 vi virgin islands internal revenue online 20 form 720 vi virgin islands internal revenue instructions 20 form 720 vi virgin islands internal revenue download Virgin Islands Bureau of internal revenue U.S. Virgin Islands sales tax U.S. Virgin Islands taxes Form 8689

Related forms

be ready to get more

Complete this form in 5 minutes or less

Get form

What are the requirements for filing 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.

Where do I send the W7 form?

Where do I send my W-7 form? Send by mail. You can mail your W-7, tax return (if applicable), and supporting documents to the following address: Internal Revenue Service, ITIN Operation, P.O. Box 149342, Austin, TX 78714-9342. Use a private delivery service. Apply in person. Apply through an acceptance agent.

What is the gross receipts tax exemption for the USVI?

Businesses with gross receipts under $225,000 are eligible for the $9000 per month exemption and pay a tax of 5% on all receipts in excess of $9,000.00 per month.

20 FORM 720 VI - Virgin Islands Internal Revenue 2025

Here's how it works

How to modify 20 FORM 720 VI - Virgin Islands Internal Revenue in PDF format online

See more 20 FORM 720 VI - Virgin Islands Internal Revenue versions

Complete this form in 5 minutes or less

Got questions?

Who prepares form 720?

Is the U.S. Islands part of the US for tax purposes?

Can form 720 be signed electronically?

How do I file a 720 payment form?

How do I file my U.S. Islands tax return?

Complete this form in 5 minutes or less

People also ask

What are the requirements for filing form 720?

Where do I send the W7 form?

What is the gross receipts tax exemption for the USVI?

bureau of internal revenue virgin islands

Try more PDF tools