OMB control number
Quarterly Federal Excise Tax Return
OMB 1545-0023 · TREAS/IRS.
Excise taxes are taxes paid when purchases are made on a specific good, such as gasoline. Excise taxes are often included in the price of the product. There are also excise taxes on activities, such as on wagering or on highway usage by trucks. One of the major components of the excise program is motor fuel. 26 USC 4081 imposes tax for miscellaneous excise taxes, manufacturers excise taxes, automotive and related items, petroleum products and motor and aviation fuel. The information supplied on Form 720 is used by the IRS to determine the correct tax liability. Additionally, the data is reported by the IRS to Treasury so that funds may be transferred from the general revenue funds to the appropriate trust funds.
The latest form for Quarterly Federal Excise Tax Return expires 2029-03-31 and can be found here.
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Supporting Statement A |
Form 720 - Quarterly Federal Excise Tax
Federal Enterprise Architecture: General Government - Taxation Management
| Form 720 | Quarterly Federal Excise Tax | Fillable Fileable | Form |
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