Sep 30, 2024 · Visit the Forms, instructions & publications page for a complete listing of IRS forms and publications. Helpful links to forms and publications relevant to the motor fuel industry.

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.

Information about Form 720, Quarterly Federal Excise Tax Return, including recent updates, related forms, and instructions on how to file. Form 720 is used by taxpayers to report liability by IRS number and to pay the excise taxes listed on the form.

You must file to report Federal Firearms and Ammunition Excise Tax (FAET) required by 26 U.S.C. 4181 .

Mar 14, 2024 · Form 720, or the Quarterly Federal Excise Tax Return, is used to calculate and make excise tax payments by companies that sell taxable goods or provide taxable services. Because of this, Form 720 must be filed by any business or entity dealing in goods subject to federal excise taxes.

Apr 1, 2024 · We are pleased to offer the 2nd generation of TTB's first smart form, TTB F 5000.24sm, Excise Tax Return. Our smart form capabilities prompt you to use proper formats (e.g., for serial numbers), calculates, highlights mandatory fields, and prevents incorrect entries. Your feedback on our initial prototype was invaluable.

Mar 24, 2025 · A majority of the excise taxes are charged based on unit sales or weight. For example, if you sell diesel fuel, you’ll need to input the number of gallons sold and multiply it by the rate per gallon. Paying Your Excise Taxes. If you owe excise tax when you file your Form 720, the IRS requires you to make payment using electronic funds transfer.

Individual Income Tax Filers: DRS will be holding a webinar on Wednesday, April 2, at 10:00 a.m. This session will provide information for filing 2024 Connecticut income tax returns and helpful tips for electronically filing such returns. Select here to register.

These forms are for use by persons that undertake any excise activity involving approved formulations, denatured alcohol, or specially denatured alcohol; or beer, cannabis, spirits, tobacco, vaping, or wine products.

Nov 28, 2023 · Under the Internal Revenue Code, the IRS requires businesses to register with them before they engage in certain excise tax-related activities, using IRS Form 637, Application for Registration (for Certain Excise Tax Activities). If the IRS approves the application, it issues an Approval of Excise Tax Registration Letter (3689).