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taxmap/pubs/p510-049.htm#en_us_publink1000117322

Chapter 10
Filing Form 720(p41)

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Quarterly Federal Excise Tax Return

Use Form 720 to report and pay the excise taxes previously discussed in this publication. File Form 720 for each calendar quarter until you file a final Form 720. For information on filing Form 720 electronically, visit the IRS e-file website at www.irs.gov/efile.
You may be required to file your returns on a monthly or semimonthly basis instead of quarterly if you do not make deposits as required (see Payment of Taxes, later) or are liable for the excise tax on taxable fuels and meet certain conditions.
Form 720 has three parts and three schedules.
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Attachments to Form 720.(p41)
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You may have to attach the following forms.
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Form 720X.(p41)


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This form is used to make adjustments to Forms 720 filed in prior quarters. You can file Form 720X by itself or, if it shows a decrease in tax, you can attach it to Form 720. See Form 720X for more information.
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Conditions to allowance.(p41)
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For tax decreases, the claimant must check the appropriate box on Form 720X stating that:
  1. For adjustments of communications or air transportation taxes, the claimant has:
    1. Repaid the tax to the person from whom it was collected, or
    2. Obtained the consent of that person to the allowance of the adjustment.
  2. For other adjustments, the claimant has:
    1. Not included the tax in the price of the article and not collected the tax from the purchaser,
    2. Repaid the tax to the ultimate purchaser, or
    3. Attached the written consent of the ultimate purchaser to the allowance of the adjustment.
However, the conditions listed under (2) do not apply to environmental taxes, the ship passenger tax, obligations not in registered form, foreign insurance taxes, fuels used on inland waterways, alcohol sold as fuel but not used as fuel, cellulosic biofuel not used as a fuel, biodiesel sold as fuel but not used as fuel, and certain fuel taxes if the tax was based on use (for example, dyed diesel fuel used in trains, LPG, and CNG).
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Final return.(p41)


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File a final return if:
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Due dates.(p41)


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Form 720 must be filed by the following due dates.
Quarter Covered Due Dates
January, February, MarchApril 30
April, May, JuneJuly 31
July, August, SeptemberOctober 31
October, November, DecemberJanuary 31
If any due date falls on a Saturday, Sunday, or legal holiday, you can file the return on the next business day.
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One-time filing.(p41)


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If you import a gas guzzling automobile, you may be eligible to make a one-time filing using your SSN if you:
If you meet both requirements above, see Gas guzzler tax (IRS No. 40) in the Instructions for Form 720 for how to file and pay the tax.
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Payment voucher.(p41)


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Form 720-V, Payment Voucher, must be included with Form 720 if you have a balance due on line 10 of Form 720 and you are making your payment by check or money order.