Q3 FET Filing Now Open with Simple720
How to File Your FET?
Federal excise tax can be filed using two main methods:
Traditional Paper and Pen Method – Manual Filing
This method involves manually filling out Form 720 and submitting it through the mail. However, it's prone to errors, delays, and can lead to the loss of your filed forms, which could result in penalties or late fees.Online Filing – Using an IRS-Approved Online Portal
Filing online is the IRS-recommended method and offers a faster, more reliable way to file your excise taxes. Online filing ensures your forms are securely submitted, processed quickly, and are less likely to get lost or delayed. With IRS guidelines, online filing is the easiest and most accurate way to ensure your taxes are filed on time.
The IRS requires you to file Form 720 online, making it the recommended method. Manual paper filings can be misplaced or delayed in the mail, causing significant issues. By using an IRS-approved platform like Simple720, you ensure that your forms are filed accurately and without any hassle.
According to Trump’s Executive Order 14247, paper filings for Federal Excise Tax will be phased out by September 30, 2025. Read our detailed blog on EO 14247: Ending Paper Checks for a comprehensive understanding of how this impacts FET filings.Simple720 – Who We Are?
At Simple720, we are an IRS-Authorized 720 online portal designed specifically for filing your Federal Excise Tax (FET). Our platform is streamlined for easy navigation, allowing users to complete their filings within minutes. We are trusted by prominent businesses across the United States, helping them stay compliant with federal excise tax regulations.
Simple720 offers more than just filing—once your filings are completed, we provide instant acknowledgment directly from the IRS, so you can rest assured that your submission is processed. With our simple and intuitive interface, anyone can file their FET without confusion or complexity.Step-by-Step Guide to File Your FET with Simple720
Here’s how to file your Federal Excise Tax for Q3 with Simple720:
Step 1 - Create an Account:
If you’re a new user, sign up for a free Simple720 account. Existing users can log in with their credentials.Step 2 - Provide Business Details:
Enter your business information, including your Business Name, Employer Identification Number (EIN), Business Type, and Contact Information. If you’re an existing user, simply select your business from the stored options.Step 3 - Choose Form Type:
Select “Form 720 (Quarterly Federal Excise Tax)” and choose the tax year. Then, pick the appropriate quarter (July 2025 – September 2025).Step 4 - Select Tax Category:
Choose the relevant tax category from the dropdown menu to ensure accurate reporting.Step 5 - Enter Filing Information:
Input the necessary data, including quantities, taxable amounts, and other specifics. Accuracy is key to ensure the right excise tax is calculated.Step 6 – Auto Calculation:
The tax amount is automatically calculated and displayed on the portal for your review.Step 7 - Choose a Payment Method:
Select one of the IRS payment methods, such as Electronic Funds Withdrawal (Direct Debit) or EFTPS (Electronic Federal Tax Payment System).Step 8 - Complete Your Filing:
After completing your payment, submit your filing. You’ll receive instant confirmation once the IRS processes and approves your filing.
Conclusion
Filing your Form 720 has been easier with Simple720. Our IRS-authorized platform ensures your filings are accurate, timely, and hassle-free. Enjoy instant confirmation and peace of mind knowing that your filings are handled securely. Start filing today with Simple720, and keep your business compliant with federal tax regulations, all while saving time and effort.
Having queries? Reach us for a FREE Demo!