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City and County of Denver
DEPARTMENT OF EXCISE AND LICENSES
201 W. Colfax Ave. Dept. 206
Denver, CO 80202
P: 720.865.2740
F: 720.865.2881
www.denvergov.org/businesslicensingApplication Denial Review
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How to fill out f 720

How to fill out f 720
01
Read the instructions on the form 720 to understand the requirements and guidelines.
02
Gather all the necessary information and documents that will be required to complete the form.
03
Start by filling out the personal information section, including your name, address, and taxpayer identification number.
04
Proceed to the next section which requires you to report the liability for the quarter you are filing for. Provide details on the types of activities or products that incur the liability and calculate the amount you owe.
05
If you had any previous overpayment or credit, indicate it in the appropriate section.
06
Report any prepayments or credits applied to the liability you owe.
07
Complete the signature section, ensuring all the required fields are filled correctly.
08
Double-check your entries and calculations to ensure accuracy.
09
Attach any necessary supporting documents as indicated on the form.
10
Submit the completed form 720 to the appropriate IRS address mentioned in the instructions.
11
Keep a copy of the filled-out form and supporting documents for your records.
Who needs f 720?
01
Businesses and individuals engaged in specific activities subject to excise taxes or fees need to file Form 720.
02
These activities include selling or using certain types of goods, services, or facilities that are subject to excise taxes, such as air transportation, indoor tanning, fuel sales, and tobacco products.
03
Additionally, businesses or individuals liable for environmental taxes, communications taxes, or certain fuel use taxes may also be required to file Form 720.
04
It is important to review IRS guidelines and consult a tax professional to determine if you need to file Form 720 based on your specific situation.
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