Glossary

Form 720 – Quarterly Federal Excise Tax Return (previously noted but central here)

What is Form 720 - Quarterly Federal Excise Tax Return?

Form 720, also known as the Quarterly Federal Excise Tax Return, is an IRS form used to report and pay federal excise taxes on specific goods and services, such as fuel, coal, tires, and certain air transportation services. Businesses that manufacture, sell, or import these items must typically file Form 720 on a quarterly basis.

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