IRS Form 720 Quarterly Federal Excise Tax Return

IRS Form 720 or the "Quarterly Federal Excise Tax Return" is a form issued by the U.S. Department of the Treasury - Internal Revenue Service.

The form was last revised in January 1, 2019 and is available for digital filing. Download an up-to-date IRS Form 720 in PDF-format down below or look it up on the U.S. Department of the Treasury - Internal Revenue Service Forms website.

Step-by-step Form 720 instructions can be downloaded by clicking this link.

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720
Quarterly Federal Excise Tax Return
Form
OMB No. 1545-0023
(Rev. January 2019)
See the Instructions for Form 720.
Department of the Treasury
Go to www.irs.gov/Form720 for instructions and the latest information.
Internal Revenue Service
FOR IRS USE ONLY
Name
Quarter ending
Check here if:
Final return
T
Number, street, and room or suite no.
Employer identification number
Address change
FF
(If you have a P.O. box, see the instructions.)
FD
FP
City or town, state or province, country, and ZIP or foreign postal code
I
T
Part I
Environmental Taxes (attach Form 6627)
IRS No.
Tax
IRS No.
18
Domestic petroleum oil spill tax
18
21
Imported petroleum products oil spill tax
21
98
Ozone-depleting chemicals (ODCs)
98
19
19
ODC tax on imported products
Communications and Air Transportation Taxes (see instructions)
Tax
22
Local telephone service and teletypewriter exchange service
22
26
Transportation of persons by air
26
28
Transportation of property by air
28
27
Use of international air travel facilities
27
Fuel Taxes
Number of gallons
Rate
Tax
}
(a) Diesel, tax on removal at terminal rack
60
(b) Diesel, tax on taxable events other than removal at terminal rack
60
(c) Diesel, tax on sale or removal of biodiesel mixture
(not at terminal rack)
104
Diesel-water fuel emulsion
104
105
Dyed diesel, LUST tax
105
107
Dyed kerosene, LUST tax
107
119
LUST tax, other exempt removals (see instructions)
119
}
35
(a) Kerosene, tax on removal at terminal rack (see instructions)
(b) Kerosene, tax on taxable events other than removal at terminal rack
35
69
Kerosene for use in aviation (see instructions)
69
77
Kerosene for use in commercial aviation (other than foreign trade)
77
111
Kerosene for use in aviation, LUST tax on nontaxable uses
111
79
Other fuels (see instructions)
79
}
62
(a) Gasoline, tax on removal at terminal rack
(b) Gasoline, tax on taxable events other than removal at terminal rack
62
13
Any liquid fuel used in a fractional ownership program aircraft
13
14
Aviation gasoline
14
112
Liquefied petroleum gas (LPG) (see instructions)
112
118
“P Series” fuels
118
120
Compressed natural gas (CNG) (see instructions)
120
121
Liquefied hydrogen
121
122
Fischer-Tropsch process liquid fuel from coal (including peat)
122
123
Liquid fuel derived from biomass
123
124
Liquefied natural gas (LNG) (see instructions)
124
720
For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.
Form
(Rev. 1-2019)
Cat. No. 10175Y
720
Quarterly Federal Excise Tax Return
Form
OMB No. 1545-0023
(Rev. January 2019)
See the Instructions for Form 720.
Department of the Treasury
Go to www.irs.gov/Form720 for instructions and the latest information.
Internal Revenue Service
FOR IRS USE ONLY
Name
Quarter ending
Check here if:
Final return
T
Number, street, and room or suite no.
Employer identification number
Address change
FF
(If you have a P.O. box, see the instructions.)
FD
FP
City or town, state or province, country, and ZIP or foreign postal code
I
T
Part I
Environmental Taxes (attach Form 6627)
IRS No.
Tax
IRS No.
18
Domestic petroleum oil spill tax
18
21
Imported petroleum products oil spill tax
21
98
Ozone-depleting chemicals (ODCs)
98
19
19
ODC tax on imported products
Communications and Air Transportation Taxes (see instructions)
Tax
22
Local telephone service and teletypewriter exchange service
22
26
Transportation of persons by air
26
28
Transportation of property by air
28
27
Use of international air travel facilities
27
Fuel Taxes
Number of gallons
Rate
Tax
}
(a) Diesel, tax on removal at terminal rack
60
(b) Diesel, tax on taxable events other than removal at terminal rack
60
(c) Diesel, tax on sale or removal of biodiesel mixture
(not at terminal rack)
104
Diesel-water fuel emulsion
104
105
Dyed diesel, LUST tax
105
107
Dyed kerosene, LUST tax
107
119
LUST tax, other exempt removals (see instructions)
119
}
35
(a) Kerosene, tax on removal at terminal rack (see instructions)
(b) Kerosene, tax on taxable events other than removal at terminal rack
35
69
Kerosene for use in aviation (see instructions)
69
77
Kerosene for use in commercial aviation (other than foreign trade)
77
111
Kerosene for use in aviation, LUST tax on nontaxable uses
111
79
Other fuels (see instructions)
79
}
62
(a) Gasoline, tax on removal at terminal rack
(b) Gasoline, tax on taxable events other than removal at terminal rack
62
13
Any liquid fuel used in a fractional ownership program aircraft
13
14
Aviation gasoline
14
112
Liquefied petroleum gas (LPG) (see instructions)
112
118
“P Series” fuels
118
120
Compressed natural gas (CNG) (see instructions)
120
121
Liquefied hydrogen
121
122
Fischer-Tropsch process liquid fuel from coal (including peat)
122
123
Liquid fuel derived from biomass
123
124
Liquefied natural gas (LNG) (see instructions)
124
720
For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.
Form
(Rev. 1-2019)
Cat. No. 10175Y
2
Form 720 (Rev. 1-2019)
Page
IRS No.
Rate
Tax
IRS No.
33
Retail Tax
Truck, trailer, and semitrailer chassis and bodies, and tractor
33
Ship Passenger Tax
Number of persons
Rate
Tax
29
Transportation by water
29
Other Excise Tax
Amount of obligations
Rate
Tax
31
Obligations not in registered form
31
Foreign Insurance Taxes—Policies issued by foreign insurers
Premiums paid
Rate
IRS No.
Tax
}
Casualty insurance and indemnity bonds
30
Life insurance, sickness and accident policies, and annuity
contracts
30
Reinsurance
Manufacturers Taxes
Number of tons
Sales price
36
36
Coal—Underground mined
37
37
38
38
Coal—Surface mined
39
39
Number of tires
IRS No.
Tax
108
Taxable tires other than bias ply or super single tires
108
109
Taxable bias ply or super single tires (other than super single tires designed for steering)
109
113
Taxable tires, super single tires designed for steering
113
. . . . . . . . . . . .
40
Gas guzzler tax. Attach Form 6197. Check if one-time filing
40
97
Vaccines (see instructions)
97
Sales price
Reserved for future use
1
Total. Add all amounts in Part I. Complete Schedule A unless one-time filing
$
Part II
(a) Avg. number
(b) Rate for
Patient-Centered Outcomes Research Fee (see
of lives covered
avg.
(c) Fee (see
instructions)
IRS No.
covered life
instructions)
(see inst.)
Tax
IRS No.
}
Specified health insurance policies
(a) With a policy year ending before October 1, 2017
(b) With a policy year ending on or after October 1, 2017,
and before October 1, 2018
133 Applicable self-insured health plans
133
(c) With a plan year ending before October 1, 2017
(d) With a plan year ending on or after October 1, 2017, and
before October 1, 2018
Rate
Tax
41
Sport fishing equipment (other than fishing rods and fishing poles)
41
110
Fishing rods and fishing poles (limits apply, see instructions)
110
42
Electric outboard motors
42
114
Fishing tackle boxes
114
44
Bows, quivers, broadheads, and points
44
106
Arrow shafts
106
140
Indoor tanning services
140
Number of gallons
Rate
Tax
64
Inland waterways fuel use tax
64
125
LUST tax on inland waterways fuel use (see instructions)
125
51
51
Section 40 fuels (see instructions)
117
Biodiesel sold as but not used as fuel
117
20
20
Floor Stocks Tax—Ozone-depleting chemicals (floor stocks). Attach Form 6627.
2
Total. Add all amounts in Part II
$
720
Form
(Rev.1-2019)
3
Form 720 (Rev. 1-2019)
Page
Part III
3
Total tax. Add Part I, line 1, and Part II, line 2 .
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3
4
Claims (see instructions; complete Schedule C)
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4
5
Deposits made for the quarter .
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5
Check here if you used the safe harbor rule to make your deposits.
6
Overpayment from previous quarters .
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6
7
Enter the amount from Form 720X included
on line 6, if any .
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7
8
Add lines 5 and 6 .
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9
Add lines 4 and 8 .
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9
10
Balance Due. If line 3 is greater than line 9, enter the difference. Pay the full amount with the return (see instructions)
10
11
Overpayment. If line 9 is greater than line 3, enter the difference. Check if you want the
overpayment:
Applied to your next return, or
Refunded to you.
11
Third Party
Yes. Complete the following.
No
Do you want to allow another person to discuss this return with the IRS (see instructions)?
Designee
Designee name
Phone no.
Personal identification number (PIN)
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and
belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Sign
Here
Signature
Date
Title
Type or print name below signature.
Telephone number
Print/Type preparer’s name
Preparer’s signature
Date
PTIN
Paid
Check
if
self-employed
Preparer
Firm’s name
Firm’s EIN
Use Only
Firm’s address
Phone no.
720
Form
(Rev. 1-2019)
4
Form 720 (Rev. 1-2019)
Page
Schedule A
Excise Tax Liability (see instructions)
Note: You must complete Schedule A if you have a liability for any tax in Part I of Form 720. Don’t complete Schedule A for
Part II taxes or for a one-time filing of the gas guzzler tax.
1 Regular method taxes
Period
(a) Record of Net
1st–15th day
16th–last day
Tax Liability
First month
A
B
C
D
Second month
Third month
E
F
Special rule for September * .
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G
(b) Net liability for regular method taxes. Add the amounts for each semimonthly period.
2 Alternative method taxes (IRS Nos. 22, 26, 28, and 27)
Period
(a) Record of Taxes
Considered as
1st–15th day
16th–last day
Collected
M
N
First month
Second month
O
P
Third month
Q
R
Special rule for September * .
S
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(b) Alternative method taxes. Add the amounts for each semimonthly period.
* Complete only as instructed (see instructions).
Schedule T
Two-Party Exchange Information Reporting (see instructions)
Fuel
Number of gallons
Diesel fuel, gallons received in a two-party exchange within a terminal, included
on Form 720, IRS No. 60(a)
Diesel fuel, gallons delivered in a two-party exchange within a terminal
Kerosene, gallons received in a two-party exchange within a terminal, included
on Form 720, IRS No. 35(a), 69, 77, or 111
Kerosene, gallons delivered in a two-party exchange within a terminal
Gasoline, gallons received in a two-party exchange within a terminal, included
on Form 720, IRS No. 62(a)
Gasoline, gallons delivered in a two-party exchange within a terminal
Aviation gasoline, gallons received in a two-party exchange within a terminal, included
on Form 720, IRS No. 14
Aviation gasoline, gallons delivered in a two-party exchange within a terminal
720
Form
(Rev. 1-2019)
5
Form 720 (Rev. 1-2019)
Page
Schedule C
Claims
Month your income tax year ends
• Complete Schedule C for claims only if you are reporting liability in Part I or II of Form 720.
• Attach a statement explaining each claim as required. Include your name and EIN on the statement (see instructions).
Caution: Claimant has the name and address of the person(s) who sold the fuel to the claimant, the dates of purchase, and if
exported, the required proof of export. For claims on lines 1a and 2b (type of use 13 and 14), 3c, 4b, and 5, claimant hasn’t waived
the right to make the claim.
1
Nontaxable Use of Gasoline
Note: CRN is credit reference number.
Period of claim
Type of use
Rate
Gallons
Amount of claim
CRN
a Gasoline (see Caution above line 1)
$
b Exported (see Caution above line 1)
2
Nontaxable Use of Aviation Gasoline
Period of claim
Type of use
Rate
Gallons
Amount of claim
CRN
a Used in commercial aviation (other than foreign trade)
$
b Other nontaxable use (see Caution above line 1)
c Exported (see Caution above line 1)
d LUST tax on aviation fuels used in foreign trade
3
Nontaxable Use of Undyed Diesel Fuel
Period of claim
Claimant certifies that the diesel fuel did not contain visible evidence of dye.
Exception. If any of the diesel fuel included in this claim did contain visible evidence of dye, attach a detailed
explanation and check here .
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Type of use
Rate
Gallons
Amount of claim
CRN
a Nontaxable use
$
b Use in trains
c Use in certain intercity and local buses (see Caution above line 1)
d Use on a farm for farming purposes
e Exported (see Caution above line 1)
4
Nontaxable Use of Undyed Kerosene (Other Than Kerosene Used in Aviation)
Period of claim
Claimant certifies that the kerosene did not contain visible evidence of dye.
Exception. If any of the kerosene included in this claim did contain visible evidence of dye, attach a detailed
explanation and check here .
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Caution: Claims cannot be made on line 4 for kerosene sales from a blocked pump.
Type of use
Rate
Gallons
Amount of claim
CRN
a Nontaxable use
$
b Use in certain intercity and local buses (see Caution above line 1)
c Use on a farm for farming purposes
d Exported (see Caution above line 1)
e Nontaxable use taxed at $.044
f
Nontaxable use taxed at $.219
5
Kerosene Used in Aviation (see Caution above line 1)
Period of claim
Type of use
Rate
Amount of claim
Gallons
CRN
a Kerosene used in commercial aviation (other than foreign
trade) taxed at $.244
$
b Kerosene used in commercial aviation (other than foreign
trade) taxed at $.219
c Nontaxable use (other than use by state or local
government) taxed at $.244
d Nontaxable use (other than use by state or local
government) taxed at $.219
e LUST tax on aviation fuels used in foreign trade
720
Form
(Rev. 1-2019)

Download IRS Form 720 Quarterly Federal Excise Tax Return

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