Federal Excise tax is referred to indirect type of taxation imposed on the manufacture, sale or usage of certain type of goods and products. However, excise taxes are included in the price of the product, such as cigarettes or alcohol, also included in the price of an activity, often gambling. They are imposed by both the federal and state authorities.

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.

Report Quarterly Excise Taxes

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