Form 720 is the Quarterly Federal Excise Tax Return. Many business owners aren't sure whether it applies to them. Tick what your business does below and we'll show you which excise taxes you likely need to file — and exactly where to learn more.
Select all that apply — many businesses owe more than one excise tax.
Here's the rule that trips up most owners: Form 720 depends on what your business does, not its legal structure. An LLC, S-corp, sole proprietorship, partnership, or C-corp all file the same way — what matters is whether you engage in an activity that carries a federal excise tax.
You likely need to file Form 720 if your business sells fuel, sells heavy trucks or trailers or taxable tires, provides indoor (UV) tanning, sells air transportation, manufactures sport fishing or archery equipment, is a publicly traded corporation that repurchased stock, or sponsors a self-insured health plan (the PCORI fee). You generally don't need to file if you only sell ordinary goods or services with no federal excise tax attached — the case for most small businesses.
Not sure where you land? The checker above maps your activities to the exact IRS numbers, or read the full breakdown of who must file Form 720 by business type.
You must file Form 720 if your business is liable for one of the federal excise taxes it reports — for example fuel, air transportation, heavy trucks, tires, indoor tanning, sport fishing or archery equipment, or the PCORI fee on a self-insured health plan. Use the checker above to see which may apply to you.
Whether you file Form 720 depends on what your LLC does, not its legal structure. The excise taxes on Form 720 are triggered by a taxable activity — selling fuel, providing indoor tanning, selling heavy trucks or tires, air transportation, or sponsoring a self-insured health plan (the PCORI fee). If your LLC engages in one of those activities it files Form 720 the same way a corporation or sole proprietor would; if it does not, it generally has no Form 720 filing requirement.
The same rule applies to every business type — sole proprietorship, partnership, S-corp, or C-corp. Form 720 is about the activity, not the entity. If your business is liable for any Part I or Part II federal excise tax (or the PCORI fee on a self-insured plan), it must file regardless of size or structure. Tick your activities in the checker above to see what applies.
Generally you file for the quarters in which you have a liability. Some filers — such as those paying only the PCORI fee — file just once a year, on the second-quarter return due July 31.
The IRS can charge failure-to-file and failure-to-pay penalties plus interest. If you have missed a filing, you can still get current.
You can e-file with an IRS-authorized provider instead of mailing a paper return. EasyFile720 is an IRS-authorized e-file provider that auto-calculates the tax and submits your return.
EasyFile720 covers all 60+ Form 720 excise tax categories with auto-calculated 2026 rates and IRS-authorized e-file submission — secure and fast.