Federal Excise tax is an indirect form of taxation imposed on the manufacturing, sale, or utilization of specific goods and products. This type of tax is embedded within the price of the product itself, such as cigarettes or alcohol, as well as certain activities like gambling. Both federal and state authorities are responsible for implementing excise taxes.

Purpose of Form720

• Complete Form 720-V if you?re making a payment by check or money order with Form 720, Quarterly Federal Excise Tax Return. We will use the completed voucher to credit your payment more promptly and accurately, and to improve our service to you.
• If you have your return prepared by a third party and a payment is required, provide this payment voucher to the return preparer.
• Don't file Form 720-V if you're paying the balance due on line 10 of Form 720 using EFTPS.

Form 720 Due Dates

Please check the below details to know when you got to file your Form720 excise tax.