Securely E-File Form 7208 through
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File Your Stock Repurchase Excise Tax Easily with Simple720 — Your Trusted IRS-Authorized Partner.

What Is IRS Form 7208?

Form 7208 is used by covered corporations to calculate the 1% excise tax on stock repurchases, as mandated by Section 4501 of the Internal Revenue Code. If your corporation repurchased stock after December 31, 2022, you must complete Form 7208 and attach it to Form 720 to report and pay the tax to the IRS.

Established under the Inflation Reduction Act of 2022, this tax applies to the Fair Market Value (FMV) of repurchased stock during the tax year.

Who Should File Form 7208?

Form 7208 must be filed by corporations subject to the stock repurchase excise tax under Section 4501 of the Internal Revenue Code. This applies to repurchases made after December 31, 2022.

Entities required to file include :

Covered Corporations that repurchase or acquire their own stock during the tax year
Specified Affiliates of applicable foreign corporations involved in stock acquisitions
Expatriated Entities linked to covered surrogate foreign corporations that repurchase or acquire stock through themselves or their affiliates

Why File Form 7208 Online?

Online filing offers a faster, more efficient alternative to traditional paper-based submissions. It minimizes manual errors and streamlines the entire tax reporting process.

Advantages of Filing Online:

Faster submission and IRS processing times
Immediate confirmation of receipt
Reduced risk of manual entry errors
No printing, mailing, or postage required
Secure data handling with encryption protocols

Why Simple720?

Why File Form 7208 with Simple720?

Simple720 makes filing Form 7208 easy, accurate, and hassle-free. Eliminate the delays of paper filing, minimize errors, and ensure full IRS compliance all - through a secure, user-friendly platform.

Benefits of Filing with Simple720 :

Instant IRS Confirmation for Faster Processing
Built-in Checks to Reduce Filing Errors
Secure, IRS-Authorized e-filing System

IRS Authorized E-File Provider

File with confidence through a trusted, IRS-compliant platform.

No Downloads Needed

Access and file directly from your browser—no installs required.

Fast and Secure

Submit your form in minutes with advanced, bank-level encryption.

Convenience

Enjoy a seamless Form 720 filing experience anytime, anywhere, at your convenience.

Friendly Support

Get help from real experts whenever you need assistance.

Free Demo Option

Try it risk-free and see how the process works before you file.

How It Works

(Step-by-Step Guide)

STEP 1

Create a Simple720 Account

Sign up with your email and create a password to access your personalized dashboard. No software downloads or complicated setup—just a clean, browser-based experience.

STEP 2

Select Form 7208 from Dashboard

Once logged in, choose Form 7208 from your dashboard to begin the filing process. Everything is organized to help you get started without confusion.

STEP 3

Fill in Required Information

Input key data like corporation details, repurchase values, and tax year info. The form is structured to help reduce errors and save time.

STEP 4

Auto-Calculate and Review Your Filing

Once you enter the required details, the system auto-calculates the excise tax and displays a clear summary. Simply review for accuracy before submitting—no manual calculations needed.

STEP 5

E-File with IRS and Get Instant Confirmation

With a single click, your Form 7208 is e-filed directly with the IRS through our authorized platform. Get instant confirmation and stay fully compliant.

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Frequently Asked Questions

Under IRS Section 4501, the following entities are required to file Form 7208 if stock repurchases occur after December 31, 2022:

Covered Corporations that repurchase or acquire their own stock during the tax year
Specified Affiliates of covered corporations involved in stock repurchases
Applicable Specified Affiliates of foreign corporations whose stock is acquired or treated as acquired
Expatriated Entities related to covered surrogate foreign corporations that repurchase or acquire stock through themselves or their affiliates

Yes, you can. To amend a previously filed Form 7208, submit a corrected version clearly marked “Amended” at the top, and attach it to Form 720-X, the Amended Quarterly Federal Excise Tax Return.

Yes, Simple720 is officially authorized by the IRS for e-filing and built on robust, encrypted technology to ensure your tax data stays safe and confidential at every step.

Yes, we offer a free demo that walks you through the entire Simple720 filing process. It’s a great way to get familiar with the platform, clarify any doubts, and file with confidence.

For tax years ending between January 1, 2023 and June 28, 2024, Form 7208 is due by October 31, 2024. For tax years ending after June 28, 2024, Form 7208 must be filed with Form 720 by the due date of the first full calendar quarter following the end of the corporation’s tax year.