Get the free Form 720 (Rev. April 2017)

720Quarterly Federal Excise Tax Returner (Rev. April 2017) Department of the Treasury Internal Revenue ServiceCheck here if: Final return Address change OMB No. 15450023See the Instructions for Form

How to fill out form 720 rev april

How to fill out Form 720 Rev April:

1. Obtain the form: You can download Form 720 Rev April from the official website of the Internal Revenue Service (IRS) or pick up a paper copy from your local tax office.
2. Gather necessary information: Before filling out the form, gather all the required information such as your personal details, employer identification number (EIN), and specific details related to the tax liability you are reporting.
3. Identify relevant sections: Form 720 Rev April consists of several sections. Identify the sections that are applicable to you based on the type of tax liability you are reporting. Some common sections include excise tax, environmental taxes, and communication taxes.
4. Provide accurate details: Complete the form by accurately providing the necessary information in each section. Ensure that you double-check all the details before submitting the form to avoid any errors or discrepancies.
5. Calculate and report tax liability: In the applicable sections, calculate and report the tax liability for each specific category. It is important to accurately calculate and report the taxable amounts to fulfill your tax obligations correctly.
6. Include payment: If you have tax liability, include the payment with your completed Form 720 Rev April. The payment can be made through various methods such as check, electronic funds withdrawal, or online payment options provided by the IRS.
7. Retain a copy: After completing and submitting the form, make sure to keep a copy for your records. This can serve as proof of your tax compliance and can be helpful for future reference or audits.

Who needs Form 720 Rev April?

1. Businesses with excise tax liabilities: Form 720 Rev April is typically used by businesses that are subject to federal excise taxes. Excise taxes are imposed on certain goods, services, or activities, and businesses engaged in these activities must report their tax liabilities using this form.
2. Manufacturers, resellers, and importers: Businesses involved in manufacturing, reselling, or importing specific goods or products may need to report and pay excise taxes using Form 720 Rev April. This includes industries such as alcohol, tobacco, firearms, and many more.
3. Communication service providers: Certain communication services are subject to federal excise taxes. Providers of these services, such as telephone service providers or airtime providers, may need to use Form 720 Rev April to report and pay their tax liabilities.
4. Environmental tax liabilities: Some businesses may have environmental tax liabilities based on specific activities they engage in. These activities might include the production or use of ozone-depleting chemicals, heavy highway vehicles, or fuel mixtures. Form 720 Rev April can be used to report and pay these environmental taxes.
5. Other specific tax liabilities: Apart from the mentioned categories, there may be other specific tax liabilities that require the use of Form 720 Rev April. It is essential to consult the IRS guidelines or seek professional advice to determine if this form is applicable to your specific circumstances.

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What is form 720 rev april?

Form 720 rev April is a tax form used to report the federal excise tax liabilities for various products and services.

Who is required to file form 720 rev april?

Businesses that engage in activities subject to excise taxes are required to file Form 720 rev April.

How to fill out form 720 rev april?

Form 720 rev April must be filled out with accurate information regarding the excise tax liabilities and payments made.

What is the purpose of form 720 rev april?

The purpose of Form 720 rev April is to report and pay excise taxes on certain products and services.

What information must be reported on form 720 rev april?

Information such as the type of excise tax, total liability, and any payments made must be reported on Form 720 rev April.