Q2 Form 720 Filing Is Almost Here – Are You Ready?

The quarter 2 deadline for filing IRS Form 720 is approaching and it’s the best time for businesses to prepare. The delay of a few days could lead to incomplete records, incorrect calculation of taxes, delays in payment or stress due to late filing.

Form 720, referred to by the Quarterly Federal Excise Tax Return It is used to report and pay federal excise taxes using an IRS number. The IRS states that Form 720 is used to report liability and pay the excise taxes listed on the form..

For Quarter 2 Form 720 generally covers tax excise activities from April 1 to June 30. The standard deadline is the 31st of July. The IRS has the Form 720 for Quarter 2 due on July 31st, unless the date of due is the weekend or a legal holiday.

This guide will assist you in understanding what you need to do prior to filing, the information you’ll need, as well as how to prepare yourself for the Q2 date.

Why Preparing Early for Q2 Form 720 Matters

Excise tax filing is not something businesses should handle at the last minute. Unlike a simple payment reminder, Form 720 may require product details, taxable sales information, IRS tax numbers, deposits, covered lives for PCORI, and supporting records.

Preparing early helps you:

• Avoid last-minute filing errors
• Review your tax amount before payment
• Keep business records organised
• Prevent missed deadline issues
• File with more confidence
• Complete payment on time

Even if your business has filed Form 720 before, each quarter should be reviewed carefully because sales, tax categories, credits, claims, and liabilities may change.

Who Should Be Ready to File Form 720 for Q2?

Businesses may need to file Form 720 if they are responsible for reporting or collecting certain federal excise taxes. The IRS instructions say you must file Form 720 if you were liable for, or responsible for collecting, any federal excise taxes listed in Parts I and II of the form.

Common categories may include:

• Fuel-related excise taxes
• Environmental taxes
• Communications and air transportation taxes
• Retail taxes for specific goods
• Manufacturer taxes
• Indoor tanning services
• Patient-Centered Outcomes Research Institute fee, also called PCORI or PCOR fee
• Other IRS-listed federal excise tax categories

If you are unsure whether your business needs to file, review your taxable activity for the quarter and confirm whether any Form 720 tax category applies to your business.

Q2 Form 720 Filing Checklist Before You Pay

Before making your payment, keep the following checklist ready.

1. Confirm Your Filing Quarter

Make sure you are filing for the correct quarter. Q2 covers the period from April through June. Filing under the wrong quarter may create confusion in your records and could affect how your payment is applied.

2. Gather Business Information

Before starting your filing, keep these details ready:

• Legal business name
• Employer Identification Number, also known as EIN
• Business address
• Contact information
• Tax period details
• Filing history, if applicable

Accurate business details help avoid mismatches and processing delays.

3. Identify the Right IRS Tax Number

Form 720 includes different IRS numbers for different excise tax categories. Before filing, identify which IRS number applies to your business activity. Using the wrong tax number can result in incorrect reporting.

4. Review Taxable Sales or Activity

Collect the records needed to calculate your excise tax. Depending on your business, this may include:

• Sales reports
• Product quantities
• Taxable units
• Gallons, tons, or other measurements
• Service records
• Policy or plan details for PCORI fee filing
• Prior quarter records, if needed

Do not estimate unless the IRS method allows it for that specific tax type.

5. Calculate the Tax Amount Carefully

Once your taxable activity is confirmed, calculate the correct tax amount based on the applicable IRS rate. Small errors in quantity, rate, or category selection can affect your final tax due.

For PCORI fee reporting, the IRS explains that the fee is generally calculated by multiplying the average number of covered lives by the applicable rate.

6. Check If PCORI Fee Applies to Q2

Q2 is especially important for businesses and plan sponsors that need to report the PCORI fee. The IRS states that PCORI fees are reported annually on Form 720 and are due by July 31 of the year following the last day of the policy year or plan year.

For 2026 filing, the IRS PCORI rate table shows that plans ending January through September 2025 use a rate of $3.47, while plans ending October through December 2025 use a rate of $3.84, with the return due no later than July 31, 2026.

7. Review Deposits and Payments

Some excise taxes may require deposits, while others are paid with the return. The IRS instructions note that deposits are not required for the PCORI fee, and the fee is paid with the second quarter Form 720.

Before payment, check whether your tax type requires deposits, payment with return, or another payment method.

8. Check for Zero Tax or Final Return Situations

If you normally file Form 720 but have no tax to report, the IRS instructions say to enter zero on the appropriate line and enter “None” on Form 720, Part III, line 3. If you are filing only to report the PCORI fee in Q2, you do not need to file Form 720 for other quarters unless you have other taxes or fees to report.

This is important for businesses that only file once a year for PCORI.

9. Keep Supporting Records

Always keep records that support your filing. This may include sales reports, calculation worksheets, invoices, payment confirmations, policy documents, and covered lives calculation records.

The IRS instructions state that taxpayers should keep copies of tax returns, records, and accounts of all transactions to show the correct tax has been paid.

10. File and Pay Before the Deadline

Do not wait until the due date to start your filing. Online filing can help you complete the process faster, but you still need accurate details before submission.

With Excise720, businesses can prepare and file Form 720 online with a simple step-by-step process.

Common Mistakes to Avoid During Q2 Form 720 Filing

Many filing issues happen because businesses rush the process. Avoid these common mistakes:

• Selecting the wrong filing quarter
• Entering the wrong EIN
• Choosing an incorrect IRS tax number
• Using outdated rates
• Missing PCORI fee details
• Forgetting to review the final tax amount
• Waiting until the deadline day to pay
• Not saving confirmation records

A simple review before submission can help prevent unnecessary corrections later.

Why Online Form 720 Filing Helps Businesses

Online filing gives businesses a more organised way to complete their quarterly excise tax return. Instead of handling paper forms manually, users can enter information, review tax details, and submit the return more efficiently.

Benefits of online filing include:

• Faster preparation
• Easier tax category selection
• Reduced manual paperwork
• Secure filing process
• Better payment readiness
• Filing confirmation for records

For busy businesses, online filing can save time and reduce filing stress.

Get Ready for Q2 Filing with Excise720

Quarter 2 Form 720 filing is coming soon. Whether you need to report regular federal excise taxes, PCORI fees, or other applicable tax categories, preparation is the key to a smoother filing experience.

Before the filing window gets busy, gather your records, verify your tax details, review your payment amount, and be ready to file before the deadline.

Ready to prepare your Q2 Form 720?
File online with Excise720 and complete your federal excise tax filing with confidence.

Form 720 is also known as the Federal Excise Quarterly Tax Return by many businesses. When it comes to PCORI fees, the filing process is a bit different.

Reporting the PCORI fee is done using Form 720. It is usually only filed once a quarter, on your second quarter tax return. According to the IRS, the PCORI fee is reported on Form 720 annually and due by the 31st of July of the following year after the end of the plan or policy year.

Businesses can choose from a complete Form 720 filing or a PCORI fee-focused filing at Excise720 depending on the information they need to report.

What Is Form 720?

Form 720 is used to report and pay certain federal excise taxes. These can include taxes related to fuel, environmental taxes, communications, air transportation, indoor tanning services, and other excise tax categories.

For businesses that need to report multiple excise taxes, Excise720 offers Form 720 Filing at $49.95 / filing. This option is designed for users who need complete excise tax filing with all required forms and schedules.

In simple words, Form 720 is the main IRS form. The PCORI Fee is one specific fee that is reported inside that form.

What Is the PCORI Fee?

The PCORI Fee, also known as the Patient-Centered Outcomes Research Fee, applies to issuers of specified health insurance policies and sponsors of applicable self-insured health plans. The fee is based on the average number of lives covered under the policy or plan during the year.

For PCORI filing, the IRS uses IRS No. 133 under Form 720, Part II. In the Excise720 platform, this section appears as:

133 – Patient Centered Outcomes Research Fee

This is where users select the policy or plan type, enter the average number of lives covered, apply the correct tax rate, and review the final tax amount.

How Is the PCORI Fee Connected to Form 720?

The PCORI Fee is not a separate standalone IRS return. It is reported through Form 720.

This means:

The business calculates the PCORI Fee.

The fee is reported under IRS No. 133.

The filing is submitted using Form 720.

The payment is due with the Form 720 filing.

The IRS also explains that if a business files the second quarter Form 720 only to report the PCORI Fee, it does not need to file Form 720 for the other quarters unless it has other taxes or fees to report.

PCORI Fee Filing Is Not the Same as Full Form 720 Filing

This is the main difference businesses should understand.

Form 720 Filing

Form 720online Filing is suitable when a business needs to report one or more excise tax categories. This may include different taxable activities, schedules, claims, and supporting details.

With Excise720, the Form 720 Filing option is priced at $49.95 / filing and is ideal for complete excise tax filing.

PCORI Fee Filing

PCORI Fee Filing is more specific. It is used when the business only needs to report the Patient-Centered Outcomes Research Fee under Form 720.

With Excise720, the PCORI Fee Filing option is priced at $39.95 / filing and is built for quick filing of PCORI Fee – IRS No. 133 under Form 720.

Why PCORI Uses the Second Quarter Form 720

Although Form 720 is a quarterly return, the PCORI Fee is handled annually. The IRS states that the PCORI Fee is reported on the second quarter Form 720 and paid by July 31.

This can confuse many users because they may think Form 720 must be filed every quarter for PCORI. That is not usually required if PCORI is the only fee being reported.

For example:

If your business only needs to report the PCORI Fee, you generally file it once a year using the second quarter Form 720.

If your business has other excise tax liabilities, you may need to file Form 720 for other quarters as well.

How Excise720 Makes PCORI Fee Filing Easier

The Excise720 PCORI filing flow is designed to keep the process simple and clear.

Users can:

• Choose between specified health insurance policies and applicable self-insured health plans.
• Select the correct policy or plan year-ending option.
• Enter the average number of lives covered.
• Review the applicable tax rate.
• Check the calculated tax amount.
• Save and proceed with Form 720 filing.

This helps users avoid common filing mistakes, such as selecting the wrong plan year, applying the wrong rate, or missing the covered lives calculation.

Excise720 Pricing Options: Which Filing Should You Choose?

Excise720 gives users flexible filing options based on their needs.

Filing Option              Best For

Form 720 Filing           Complete excise tax filing with required forms and schedules

PCORI Fee Filing        Quick filing for PCORI Fee under Form 720

Single Tax Filing          Filing one excise tax quickly and efficiently

No Tax Filing             Filing a zero-tax return to stay compliant

Enterprise Package     High-volume filing needs

Annual Pass              Unlimited filings with one simple yearly plan

If your business only needs to file the PCORI Fee, the PCORI Fee Filing option is the most direct choice. If your business needs to report multiple excise taxes, the Form 720 Filing option may be more suitable.

Who Needs PCORI Fee Filing?

PCORI  filing generally applies to:

• Health insurance issuers
• Self-insured health plan sponsors
• Employers with applicable self-insured health plans
• Plan administrators handling Form 720 reporting
• Businesses responsible for IRS No. 133 reporting

The IRS states that issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans are responsible for reporting and paying the PCORI Fee.

Final Thoughts

Form 720 and the PCORI  are related, but not identical. Form 720 is an IRS return that is used to report excise tax. The PCORI fee is a specific fee that is reported on Form 720.

Excise720 allows users to choose the best filing option, enter PCORI details and review tax amounts, as well as complete the online filing process.

Need to file only the PCORI Fee? Start with Excise720 PCORI Fee Filing at $39.95 / filing.

Filing the PCORI Fee online is easier when you know which filing path to choose. The PCORI Fee is reported through Form 720, but it is not usually filed every quarter like other excise taxes. The IRS states that the PCORI Fee is reported annually on the second quarter Form 720 and is due by July 31 of the calendar year following the end of the policy or plan year.

With Excise720, users can file the PCORI Fee in two ways:

PCORI Only Filing – $39.95 / filing
Best when you need to file only IRS No. 133 Patient-Centered Outcomes Research Fee.

Form 720 Standard Filing – $49.95 / filing
Best when you need to file the PCORI Fee along with other Form 720 excise taxes.

This guide explains both methods clearly so you can choose the right option before starting your filing.

What Is PCORI Fee Filing?

The PCORI Fee, also known as the Patient-Centered Outcomes Research Fee, applies to issuers of specified health insurance policies and sponsors of applicable self-insured health plans. The IRS explains that the fee is based on the average number of lives covered under the policy or plan during the policy or plan year.

The PCORI Fee is reported under:

IRS No. 133 – Patient-Centered Outcomes Research Fee

In Excise720, this section allows users to select the policy or plan type, choose the correct policy or plan year period, enter the average number of lives covered, review the tax rate, and check the calculated tax amount before moving forward.

The basic PCORI Fee formula is:

Average Number of Lives Covered × Applicable Tax Rate = PCORI Fee Amount

Method One: File PCORI Fee Online Using PCORI Only Filing

This method is best when you only need to file the PCORI Fee and do not have other Form 720 excise taxes to report.

With Excise720, PCORI Only Filing costs $39.95 / filing. This option is created for quick filing of PCORI Fee IRS No. 133 under Form 720.

Step One: Login to Excise720

Start by logging in to your Excise720 account.

From your dashboard, click:

Add New Filing

This will take you to the Tax Year & Quarter Ending page, where you can begin a new filing for your selected business.

Step Two: Select Form 720 – PCORI Only

Under Form Type, choose:

Form 720 – PCORI Only

This option is useful when your filing is only for the Patient-Centered Outcomes Research Fee.

Next, select the correct Tax Year and choose the second quarter, such as:

Apr 2025 – Jun 2025

The IRS states that if a filer is reporting only the PCORI Fee, Form 720 is filed once a year using the second quarter return, and other quarters are not required unless the filer has other taxes or fees to report.

Step Three: Fill IRS No. 133 PCORI Details

After selecting Form 720 – PCORI Only, Excise720 takes you directly to:

133 – Patient Centered Outcomes Research Fee

Here, select the correct filing category:

Specified health insurance policies
or
Applicable self-insured health plans

Then choose the correct policy or plan year option.

For example:

With a policy year ending before October 1, 2024
or
With a policy year ending on or after October 1, 2024, and before October 1, 2025

Next, enter the Average Number of Lives Covered.

Excise720 will show the applicable Tax Rate and calculate the Tax Amount based on the details entered.

If you need to report more than one policy or plan, you can use the Add Row option and enter each one separately.

Step Four: Select IRS Payment Option

After completing the PCORI details, continue to the IRS Payment Option page.

Here, choose the available payment method, such as:

EFTPS – Electronic Federal Tax Payment System
or
Electronic Funds Withdrawal

The IRS states that deposits are not required for the PCORI Fee, and payment is due when Form 720 is due.

Step Five: Review Summary and Submit

Before submission, review the Tax Summary page carefully.

Check the following details:

Business information
Filing information
Tax year
Filing period
IRS No. 133 PCORI details
Average number of lives covered
Tax rate
Tax amount
Payment option

Once everything is correct, submit the filing.

After submission, you will receive a confirmation email for your completed filing.

Method Two: File PCORI Fee with Other Taxes Using Form 720 Standard

Use this method when you need to file the PCORI Fee along with other excise taxes in the same Form 720 return.

This option is suitable when your business has other Form 720 tax categories to report, such as fuel taxes, environmental taxes, retail tax, ship transport tax, manufacturer taxes, or other Part II taxes.

The IRS explains that if a filer has to report PCORI Fee as well as other Form 720 liabilities, the PCORI Fee should be reported on the second quarter Form 720, and only one Form 720 should be filed for each quarter.

Step One: Add New Filing

Login to Excise720 and click:

Add New Filing

Select or enter your business details and begin the filing process from the Tax Year & Quarter Ending page.

Step Two: Select Form 720 – Standard

Under Form Type, choose:

Form 720 – Standard

This option is best when you need to complete a full Form 720 filing with PCORI and other excise taxes.

Then select the correct Tax Year and choose the second quarter filing period.

Step Three: Select Part II and Choose IRS No. 133

On the Select Tax Type to Begin Filing page, find and open:

Part II

Then select:

133 – Patient-Centered Outcomes Research Fee

This opens the PCORI Fee filing section inside the standard Form 720 workflow.

Step Four: Fill PCORI Fee Details

Inside the PCORI section, choose the correct policy or plan type:

Specified health insurance policies
or
Applicable self-insured health plans

Then select the correct policy or plan year period, enter the Average Number of Lives Covered, and review the calculated tax amount.

Excise720 shows the tax rate and tax amount clearly, helping users check their PCORI calculation before saving.

Step Five: Select Claims if Needed

If your Form 720 filing includes claims, go to the Claims section and choose the applicable claim type.

If no claims are needed, you can continue to the next step.

This step is mainly useful for standard Form 720 filers who are reporting other excise taxes along with PCORI.

Step Six: Complete Deposit and Overpayment Details

Next, complete the Deposit & Overpayment section.

This section may include:

Deposited amount
Overpayment amount from previous quarters
Total tax liability
Total claims
Total deposits made
Tax due
Current quarter overpayment

Enter the required details based on your overall Form 720 filing.

Step Seven: Choose IRS Payment, Review Summary, and Submit

After completing the tax, claims, deposit, and overpayment details, choose your IRS Payment Option.

Then review the full Tax Summary page. Make sure your business details, filing details, PCORI information, other tax details, claims, payment method, and total amount due are correct.

Once everything is reviewed, submit the filing.

After submission, you will receive a confirmation email.

PCORI Only Filing vs Form 720 Standard Filing

Filing Method	Amount	Best For	Filing Flow
PCORI Only Filing	$39.95 / filing	Filing only IRS No. 133 PCORI Fee	Direct PCORI filing flow
Form 720 Standard Filing	$49.95 / filing	Filing PCORI with other excise taxes	Full Form 720 filing flow

Choose PCORI Only Filing if your business only needs to report the Patient-Centered Outcomes Research Fee.

Choose Form 720 Standard Filing if your business needs to report PCORI along with other excise tax categories.

Why Choose PCORI Only Filing in Excise720?

The PCORI Only Filing option is built for users who do not want to go through the full Form 720 standard filing flow.

With this option, you can:

Login to Excise720
Add a new filing
Select Form 720 – PCORI Only
Choose the second quarter
Complete IRS No. 133 PCORI details
Select payment option
Review and submit

For users who only need to file PCORI, this saves time and keeps the filing process focused.

PCORI Only Filing Amount: $39.95 / filing

Why File PCORI Fee Online with Excise720?

Excise720 gives users a guided online filing experience for Form 720 and PCORI Fee filing. Instead of working through paper forms manually, users can select the filing type, choose the correct quarter, enter PCORI details, review tax calculations, select payment options, and submit online.

For PCORI-only users, Excise720 provides a dedicated filing path at $39.95 / filing.

For users who need to file PCORI with other excise taxes, Excise720 also provides the Form 720 Standard Filing option at $49.95 / filing.

Final Thoughts

PCORI Fee filing does not have to be confusing. The main thing is to choose the correct filing path.

If you are filing only the PCORI Fee, select:

Form 720 – PCORI Only

If you are filing PCORI along with other excise taxes, select:

Form 720 – Standard

With Excise720, you can complete your PCORI Fee filing online, review your tax amount, select your payment option, submit your filing, and receive confirmation.

Start your PCORI Fee filing online with Excise720 for $39.95 / filing.

April Deadline Alert – File Form 720 Today

If your business is subject to taxes on excise, then the deadline of April 30 to file Form 720 is one that you should not miss. Every year, thousands of businesses file late and are then hit with penalties, and unwanted stress.

The good news: Filing Form 720 doesn’t have to be complicated – especially when you understand what’s required and act early.

Let’s break it down clearly.

What Is Form 720 and Why It Matters

IRS Form 720 The Quarterly Federal Excise Tax Return is utilized by companies to declare and pay excise tax on certain products and services. These taxes are applicable to various sectors like transportation, fuel as well as environmental products and many more.

Unlike income tax, excise tax is based on what you sell or use, not how much profit you make.

If your business falls under any excise tax category, filing Form 720 is not optional – it’s a compliance requirement.

April 30 Deadline – What It Covers The April 30 deadline is applicable to the first quarter (January and February, as well as March).

The following is the way in which IRS schedule functions:

• Q1 (Jan – Mar): April 30
• Q2 (Apr – Jun): July 31
• Q3 (Jul – Sep): October 31
• Q4 (Oct – Dec): January 31

The rule is simple:

 👉 You must file by the last day of the month following the quarter.

If April 30 falls on a weekend or holiday, the deadline moves to the next business day.

Who Needs to File Form 720?

You must file Form 720 if your business:

• Collects or owes federal excise taxes
• Sells taxable goods like fuel, tires, or environmental products
• Provides services subject to excise tax (e.g., air transportation)
• Has previously filed and hasn’t submitted a final return
• Even if you have zero tax liability, you may still be required to file depending on your filing status.

What Happens If You Miss the Deadline?

Missing the April 30 deadline can lead to:

• Late filing penalties
• Interest on unpaid taxes
• Compliance issues with the IRS
• Unlike some other tax forms, Form 720 does not offer automatic extensions.

That’s why early preparation is critical.

What Information Do You Need to File?

Before filing, make sure you have:

• Business details (EIN, address)
• Type of excise taxes applicable
• Sales or usage data (e.g., gallons, units)
• Tax calculations for each category
• Payment method (EFTPS or online payment)

Form 720 also includes different sections like:

• Part I: Regular excise taxes
• Part II: Additional taxes (including PCORI, if applicable)
• Schedule A: Tax liability tracking
• Schedule C: Credits or refunds
• Accuracy is key  even small errors can delay processing.

Why Filing Online Is the Smart Choice

Traditional paper filing can be slow, confusing, and error-prone. That’s why more businesses are switching to online e-filing solutions.

With a platform like Excise720, you can:

•   File faster with guided steps
•   Reduce errors with built-in validation
•   Get instant confirmation from the IRS
•   Securely store your filings and records

The IRS also encourages electronic filing for faster processing and acknowledgment.

Common Mistakes to Avoid

Before you submit your return, watch out for these common issues:

• Missing the deadline
• Entering incorrect tax categories
• Miscalculating totals
• Forgetting to include schedules
• Not selecting the correct payment option

Avoiding these mistakes can save you time, money, and unnecessary IRS notices.

Pro Tip: Don’t Wait Until the Last Day

Many businesses delay filing until April 30 – and that’s when problems happen:

• System delays
• Payment issues
• Last-minute errors

Try to file at least one or two days ahead of time. This allows you to review, correct, and submit confidently.

File Form 720 Today with Excise720

Filing your excise tax return doesn’t have to be stressful.

With Excise720, you’ll have an easy and reliable method to fill out Form 720 online without confusion or delays.

• Secure, fast and IRS-compliant
• designed for companies of all sizes
• Step-by step filing made easy

Final Reminder

The April 30 deadline is fixed and missing it can cost more than just time.

If your company must fill out Form 720, take action immediately:

• Prepare your details
• Check your tax obligations
• Securely file online
• File Happily with Excise720

Because tax filing should be simple, accurate, and stress-free.

Who Needs to File Form 720?

 You must file IRS Form 720 if your business is responsible for collecting or paying federal excise taxes.  

Industries that are commonly required to file are:

• Fuel distributors
• Transport and trucking companies
• Airline service providers
• Manufacturing companies
• Taxpayers who pay environmental taxes
• Communication service providers

Even when there is no tax due it is possible that you have to complete Form 720 depending on your tax reporting needs.

How to File Form 720 Online

In the past, companies mailed their tax returns to the IRS. Nowadays, online filing is quicker and safer.

Utilizing Excise720 the business can finish the process in a matter of minutes.

Step-by-Step Filing Process

Step 1: Enter Business Information

Give your EIN and the company’s details.

Step 2: Select Applicable Excise Tax Categories

  Choose the taxes that apply to your business.  

Step 3: Calculate Your Tax Amount

The system calculates the totals automatically.

Step 4: Review and Submit

Verify the details and then submit it to the IRS.

Step 5: Receive Confirmation

Get instant confirmation after successful filing.

The whole process generally will take under 10 minutes.

Advantages to Filing using Excise720

Businesses opt for Excise720 because it makes it easier to complete the tax filing process for excise taxes.

Fast Online Filing

Fill out Form 720 online in just a few minutes without any complicated forms.

IRS-Authorized E-File System

Your tax return is safely transmitted through the IRS. 

Error Checks

Automated validation reduces errors in filing.

Secure Data Protection

Advanced encryption ensures that your business data is secure.

Quick Confirmation

You will receive an IRS acknowledgment of your form once it is completed.

Tips to Never Miss the Form 720 Deadline

Being organized allows businesses to keep stress free at the last minute.

Practical Tips:

• Calendar reminders are set for the quarterly deadlines for all of them.
• Keep precise records of transactions in the excise department.
• Make your filing early, rather than waiting until the end of the day   
• Use a trusted online filing platform   

Many businesses rely upon Excise720 to meet deadlines and make sure that submissions are made on time.If your Business  is involved in transportation, fuel environmental taxes, or other taxes imposed by the federal government, filing the Form 720 on time is essential. Failure to meet deadlines for filing the Form 720 deadline could lead to interest, penalties as well as problems with compliance in IRS.

This guide will help you understand what IRS Form 720 due dates for 2026 and how the filing system for quarterly submissions works and how to submit tax returns in time  safely by using Excise720.

What Is IRS Form 720?

 IRS Form 720 is a federal tax form used by businesses to report and pay federal excise taxes.  

   Excise taxes apply to specific goods, services, and activities, including:  

• Fuel taxes
• Taxes on environmental pollution
• Taxes for air transport
• Communications tax
• Indoor tanning services
• Manufacturers’ Excise Taxes

As opposed to income taxes the excise tax is reported quarterly and businesses are required to file Form 720 4 times per year.

Form 720 Filing Deadlines (2026 Calendar)

To remain compliant, companies must submit Form 720 before the end of each month that follows the end of the quarter.

QuarterTax PeriodForm 720 DeadlineQ1January – MarchApril 30, 2026Q2April – JuneJuly 31, 2026Q3July – SeptemberOctober 31, 2026Q4October – DecemberJanuary 31, 2027

 These are the official excise tax filing deadlines set by the Internal Revenue Service.  

Example:

 If your business collected excise taxes between January and March 2026, you must submit your Form 720 by April 30, 2026  

Why Filing Form 720 on Time Is Important

Companies have to submit tax returns on time to avoid penalties that are not needed. Failure to file on time can result in:

1. IRS Late Filing Penalties

The IRS can impose penalties If Form 720 is submitted after the date of due.

2. Interest on Unpaid Taxes

Interest starts accruing as soon as tax due on excise that has not been paid.

3. Compliance Issues

Repetitive delays could trigger audits, or even IRS examination.

Frequently Asked Questions

When is the due date on the form 720?

It is important to note that the form 720 date falls on the end of the month that follows that quarter. For instance one quarter’s first deadline falls on the 30th of April.

Can Form 720 be filed online?    

Yes. Businesses can file excise tax online using platforms like Excise720, which transmit returns directly to the IRS..

What happens if I miss the excise tax filing deadline?    

 Missing the excise tax filing deadline may result in IRS penalties, interest charges, and compliance issues.

 How long does it take to file Form 720?    

Online filing tools can speed up the process and could take about 10-15 minutes.

File Your Form 720 Before the Deadline

Deadlines for quarterly submissions are quickly approaching and a failure to meet them could result in expensive penalties.

 Instead of dealing with paperwork or delays, businesses can file their excise tax return quickly and securely through Excise720.  

The platform was designed to facilitate the Form 720 filing easy, quick and IRS-compliant to help businesses focus on their business while ensuring tax compliance in time.

File your Form 720 online today with excise 720 and stay ahead of the next IRS deadline.  

Businesses that deal with certain products or services in the United States are required to file a  federal excise tax through IRS Form 720. These taxes apply to areas such as fuel, transportation, environmental taxes, communication services, and many industry-specific activities.

For many businesses, the Form 720 filing process can feel confusing, especially if you are filing for the first time. Fortunately, modern IRS Form 720 e-file systems now make it much easier to file Form 720 online without dealing with complicated paperwork.

This guide provides the complete procedure for filing tax online, the information you must provide prior to filing in addition to how websites such as Excise720  make it easier to file.

What Information You Need Before Filing

Before you begin with the IRS Form 720 e-file process making sure you have the correct details will help you file quicker and simpler.

Here are the key details you should have ready:

1. Business Information

You will need the basic business details used in your IRS records.

• Required information includes:
• Legal business name
• Employer Identification Number (EIN)
• Business address
• Contact information

Make sure these details match exactly with IRS records to avoid delays.

2. Tax Liability Details

The most important part of the form 720 filing process is reporting the correct tax liability.

Depending on your business activities, you may need to report taxes related to:

• Fuel taxes
• Heavy highway vehicle use
• Environmental taxes
• Communication and air transportation taxes
• Indoor tanning services

Review your records carefully to determine which excise tax categories apply to your business.

3. Quarterly Filing Period

Form 720 is filed four times per year.

Typical quarterly deadlines include:

Quarter Filing Deadline

• Jan – Mar – > April 30
• Apr – Jun – > July 31
• Jul – Sep – > October 31
• Oct – Dec – >January 31

Selecting the correct quarter is essential when you file excise tax online.

How to Prepare Your Excise Tax Return

Preparation is an important step before submitting the return.

Follow these preparation steps to make the Form 720 filing process smooth:

Review Your Excise Tax Categories

Each excise tax type is listed with a specific line number on the form. Businesses should verify:

Which tax sections apply

• The correct taxable amount
• The applicable IRS tax rate
• Incorrect category selection is one of the most common filing mistakes.

Calculate Total Tax Liability

Once the applicable tax sections are identified, calculate the total excise tax due.

• Your return will typically include:
• Individual tax line calculations
• Subtotal of excise taxes
• Adjustments or credits (if applicable)
• Final tax amount due

Using an online platform can automatically calculate these totals.

Step-by-Step Form 720 Filing Process

If you want to file Form 720 online, the process is much faster than traditional paper filing.

Here is the step-by-step process most online systems follow.

Step 1: Create Your Filing Account

Start by accessing an IRS-authorized e-file platform.

Create your account and enter your business details, including your EIN and business address.

Step 2: Select the Correct Tax Period

Choose the correct quarterly filing period for your return.

The IRS requires accurate quarter selection to properly process the excise tax return.

Step 3: Enter Excise Tax Details

Next, input the applicable excise tax categories and taxable amounts.

The system will guide you through each section of the return.

Many modern systems automatically calculate totals and verify data accuracy.

Step 4: Review the Return

Before submitting your return, review all entries carefully.

Check for:

Correct EIN and business information

Accurate tax calculations

Proper tax category selection

A quick review helps prevent IRS rejection.

Step 5: Sign and Transmit the Return

To IRS Form 720 e-file, you must electronically sign the return.

Once signed, submit the return directly to the IRS through the authorized system.

How the IRS Confirms Your Return

After submitting the return, the IRS processes the filing electronically.

Typically, the IRS sends:

Submission Confirmation

This confirms the return was successfully transmitted.

Acceptance Notification

The IRS verifies the data and sends an official acceptance confirmation.

If there are errors, the return may be rejected and require correction before resubmission.

Most online filing systems notify users immediately about the status.

Why Online Filing Is Easier

Traditional paper filing can take weeks for processing and carries higher risk of errors.

Businesses increasingly prefer to file excise tax online because it offers several advantages.

Faster IRS Processing

Electronic filing allows the IRS to receive and process returns much quicker than paper submissions.

Built-in Error Checks

Online platforms automatically validate required fields and calculations before submission.

Instant Filing Confirmation

Instead of waiting for mailed confirmation, you receive instant electronic acknowledgement.

Secure Record Storage

Your previous returns remain stored safely, making it easier to access filing history.

How Excise720 Simplifies the Form 720 Filing Process

Filing excise tax returns should not feel complicated. Excise720 is designed specifically to simplify the Form 720 filing process for businesses.

Excise720 helps filers:

• File Form 720 online quickly and securely
• Complete the IRS Form 720 e-file process in minutes
• Automatically calculate excise tax totals
• Reduce errors through built-in validation checks
• Receive instant IRS acceptance confirmation
• Access past filings anytime through a secure dashboard

Whether you file frequently or each quarter, Excise720 gives you an easy method to submit your tax electronically without the hassle of completing complicated forms.

Final Thoughts

Knowing how to complete the Form 720 filing process is crucial for businesses that have to submit federal tax returns. In gathering the necessary details, making precise tax calculations and using a secure electronic filing platform, companies can file their tax returns quickly and efficiently.

The most efficient method to file Form 720 online is through a reliable platform that was specifically designed to handle tax filings for excise tax.

If you are looking for a quicker, easier, simpler, and more efficient method of completing an IRS Form 720 e-file, Excise720 can help you complete the process in just a few minutes and remain in compliance with IRS regulations.

The PCORI Fee is a federal fee paid by certain health insurers and employers that offer self-insured health plans. It helps fund medical research that improves healthcare decisions and treatment outcomes.

Organisations that provide qualified health insurance coverage must submit and pay the fee on IRS form 720. Understanding the rules will help employers remain on track in order to stay clear of penalties.

What is the PCORI Fee?

The  Patient-Centered Outcomes and Research Institute (PCORI) fee was established in the Affordable Care Act. This fee is used to fund research that compares the effects of different medical treatments and enhances the quality of care for patients.

Policymakers and healthcare providers utilize this information to make better decisions regarding the best treatment choices. The cost is applicable to a variety of health plans provided by employers and insurance companies.

The PCORI Fee: Key Facts Fee

• The law was enacted in the Affordable Care Act (ACA)
• Research that is focused on the patient
• The amount is paid annually by using IRS Form 720
• Calculated using the number of life covered under a health plan

Who Pays to Pay the PCORI Charge in 2026?

The PCORI fee is generally applicable to employers and insurers that offer specific types of health insurance.

Companies that must pay

• Insurance companies offering health insurance with a guarantee
• Employers who self-insure their health plans
• Companies that offer Healthcare Reimbursement Arrangements (HRAs)
• Medical plans that are employer-sponsored or level funded

Employers with self-insured policies must determine the cost according to the number of employees and dependents covered by the plan.

Who is Not Required to pay for the fee of PCORI?

Certain health insurance plans and benefits aren’t included in the fee for PCORI.

• Exempt Plans
• Stand-alone dental plans
• Stand-alone vision plans
• Health Savings Accounts (HSAs)
• Flexible Spending Accounts that are only for employees (FSAs)

The plans generally don’t provide significant medical insurance, therefore they do not have to pay the fees.

The PCORI fee rate for 2026

The PCORI fee rate is subject to change every year. For the filing due in 2026, the amount is based on the date that the year of health insurance ended.

2026 PCORI Fee Rates

$3.47 per life

Plan years that end January through September 2025

$3.84 per life

Plan years running from October to December 2025

The total cost can be calculated simply by multiplying the number of life insurance policies according to the current rate.

Example Calculation

If the plan covers 200 people and the cost is $3.84 The total cost for PCORI will be:

200 x $3.84 = $768

PCORI Fee Deadline 2026 for payment

The PCORI fee must be filed once per year using Form 720 – Quarterly Federal Excise Tax Return.

Although Form 720 is tax forms that are quarterly however, the PCORI fee is only reported once per year.

Important Deadline

Filing deadline: July 31, 2026

Form for taxation: IRS Form 720

Reporting quarter: Second Quarter

Failure to meet this deadline could result in interest and penalties due from the IRS.

How do I Filing PCORI Fees Online

Many businesses choose to file their PCORI fees electronically. Online filing helps reduce errors and speeds up IRS processing.

With Excise720 the businesses can file Form 720 online quickly and securely.

Benefits of Filing With Excise720

• Easy Form 720 electronic filing process
• Quick IRS filing
• Secure payment options
• Simple compliance with PCORI fee report
• Confirmation when the return is accepted

This allows insurance companies and employers to handle their excise tax obligations.

The Quick Checklist of PCORI Fees 2026 for the year 2026

Before you file, ensure that you have the following details in your file:

• Health plan year ending date
• Average number of lives covered
• The applicable PCORI fee rate
• IRS Form 720 filing details

Making this information available early can make sure that filing is easy.

Final Thoughts

This fee is a crucial annual obligation for many employers and insurance companies. Knowing the fee as well as the deadline and filing process can help businesses remain in compliance with IRS rules.

If your company requires filing the PCORI fee, an application like Excise720 will make the procedure easier and aid you file Form 720 online quickly and efficiently.

 If your business has collected or is liable for federal excise taxes during a quarter, you must file Form 720. Whether you manufacture, import, sell, or provide services on goods subject to excise tax, the rule applies business size doesn’t exempt you. The key test: did you have activity subject to any of the excise tax categories listed by the Internal Revenue Service (IRS) during that quarter?

What is Form 720?

Form 720 is known as the “Quarterly Federal Excise Tax Return” utilized by the IRS to pay and report various federal excise taxes. As opposed to income tax returns, excise taxes are imposed on specific services, goods or other activities (for instance, gasoline indoor tanning or air transportation, and certain chemicals) The return is filed every quarter (four times in a year) by companies or other entities that are liable for the tax.

Who exactly must file Form 720?

Are all businesses required?

No — the requirement doesn’t depend on being large or small; it depends on whether you have excise tax liability. Even a small business must file if it deals with taxable goods or services. 

What kinds of activities trigger the need to file?

You must file Form 720 if your business:

• Manufactures or sells products subject to excise tax
• Imports taxable goods
• Provides services that fall under excise rules
• Uses fuels or chemicals subject to IRS excise taxes
• Collects any excise tax from customers
• Operates in any category listed under IRS Form 720

What are common categories of excise taxes on Form 720?

These are the official categories under IRS Form 720

• Environmental Taxes
• Communication & Air Transportation Taxes
• Fuel Taxes
• Retail Taxes
• Ship Passenger Taxes
• Other Excise Taxes
• Foreign Insurance Taxes
• Manufacturers Taxes
• Part II Taxes (Quarterly Excise Taxes)

If your business activities fall under any of these, you are required to file Form 720.

When do you have to file Form 720?

Form 720 is filed quarterly. The general deadline schedule:

• Q1 (Jan–Mar) → Due April 30
• Q2 (Apr–Jun) → Due July 31
• Q3 (Jul–Sep) → Due October 31
• Q4 (Oct–Dec) → Due January 31 (of the following year) 

Also note: even if you owe little or zero tax for the quarter, if you are required to file you should still submit the return 

Do Small or New Businesses Need to File Form 720?

Yes. Filing depends on the type of activity, not business size or revenue.

 Even small businesses operating on a minimal scale must file the excise tax return if they fall under any IRS excise category.

Examples:

A newly opened tanning studio

A small company selling heavy highway vehicles

A one-time foreign insurance purchase

A small importer selling taxable items

The IRS only cares whether taxable activity occurred — not how often or how big your business is.

What If Your Business Had No Excise Activity This Quarter?

You must file only for the quarters where taxable activity occurred.

 However, if you previously filed Form 720 and now wish to stop, you must:

Check the “Final Return” box

Confirm all excise tax liability is closed

Otherwise, the IRS will assume you are still required to file every quarter.

What Happens if You Don’t File IRS Form 720?

Failing to file an excise tax return when required can lead to:

• IRS penalties
• Accrued interest
• Notices and compliance checks
• Possible interruptions to manufacturing, importing, or transportation activities

Since excise taxes affect regulated industries, the IRS monitors compliance closely.

How to File Form 720 Easily

Businesses can file via paper or online. Filing electronically is easier because:

• Processing is faster
• Errors are reduced
• Confirmation is immediate

It simplifies compliance for each quarterly deadline

Platforms such as Excise720 can streamline the IRS Form 720 filing process making sure that the filing process is quick and accurate. filing.

Finally… Why Choose Excise720 for Your Form 720 Filing?

Excise720 was designed to create Form 720 filing simple, precise, and hassle-free. No matter if you’re a tiny business filing for the very first time or a larger firm that has several excise categories, the platform walks you step-by-step, examines for mistakes and ensures that each IRS obligation is completed.

Are you ready to file confidently?

You can trust Excise720 as a reliable source for quick safe, reliable and accurate Form 720 filing.

Start Filing Today.

Introduction

Filing IRS Form 720 (Quarterly Federal Excise Tax) can be stressful for many businesses. It involves strict deadlines, complex forms, and a lot of calculations.

That’s why Excise 720, an IRS-approved e-filing system by The Paradigms Inc., was created — to make excise tax filing simple, fast, and secure.

Whether you’re filing for fuel, tire, or environmental taxes, Excise720 gives you a smooth online filing experience that saves time and ensures complete accuracy.

Why Businesses Choose Excise720 

IRS-Approved E-Filing

Excise720.com is an authorized e-file provider recognized by the IRS. This means your returns are filed through trusted, secure channels — no risks, no rejections.

Accurate Calculations

Our built-in calculation engine ensures every figure is correct and fully compliant with IRS standards. You no longer need to worry about manual errors or missed details.

Fast Online Submission

You can submit your excise tax returns online within minutes and get real-time filing status updates directly from the IRS.

Simple and Clean Interface

The platform is designed for everyone — even if you’re not a tax expert. Each step is clear, easy to follow, and supported by helpful tooltips.

Expert Assistance

Our support team is here when you need it. From technical help to filing questions, you’ll always find quick and reliable guidance.

Transparent Pricing

With Excise720  you get fair pricing — no hidden charges, no surprise add-ons. You pay only for what you file.

What is Form 720?

Form 720 is the quarterly federal excise tax return issued by the IRS. It is used by companies that deal with specific goods and services, such as fuel, tires, chemicals or air transportation. The form helps collect taxes that support environmental and transportation programs in the U.S. Businesses that sell, produce, or import taxable goods must file Form 720 every quarter.

Excise Taxes You Can File with Excise720

Excise720 covers all the major categories of excise taxes under Form 720 :

Fuel Taxes

Covers gasoline, diesel, kerosene, and aviation fuel.

Our system automatically applies the right rates and makes sure every entry matches IRS requirements.

Tire Taxes

Applies to tires sold or imported for use on motor vehicles.

The platform helps you calculate and file easily without manual errors.

Environmental Taxes

Includes taxes on certain chemicals and ozone-depleting substances.

Excise720 simplifies the process by identifying the correct tax codes for each item.

Communications Taxes

Applies to services like telephone, internet, and cable communications.

All fields are pre-defined to help you file faster.

Air Transportation Taxes

Covers passenger and cargo air services.

You can file all related taxes securely within the same return.

Quarterly Filing Deadlines for Form 720

Every business required to file Form 720 must submit it quarterly according to the IRS schedule below:

Form 720 Quarterly Deadlines:

Quarter 1 covers January to March and is due on April 30.

Quarter 2 covers April to June and is due on July 31.

Quarter 3 covers July to September and is due on October 31.

Quarter 4 covers October to December and is due on January 31.

Excise720.com sends filing reminders before each deadline, so you never miss a due date again.

How Excise720 Simplifies Excise Tax Filing

Step-by-Step Guidance

Each filing section includes clear instructions and auto-filled fields to reduce confusion.

Secure Cloud Filing

Your data is safely encrypted and transmitted through IRS-approved channels.

Real-Time Status

Once you submit your return, you can track its live status until the IRS confirms acceptance.

Auto Calculations

All tax amounts are calculated automatically using verified formulas, ensuring complete accuracy.

Instant Proof of Submission

After filing, you’ll receive an official confirmation that can be downloaded or saved for your records.

Why Businesses Trust Excise720

• 100% IRS-Approved System
• Simple Interface Designed for Non-Experts
• Instant E-Filing with Live Status Updates
• Affordable Pricing Plans for All Businesses
• Reliable and Quick Support

Excise720 helps businesses stay compliant, confident, and stress-free when handling excise taxes.

Save Time, Reduce Errors, and Stay Compliant

Instead of dealing with confusing paper forms or unreliable systems, Excise720 gives you everything in one place. Our platform is designed for accuracy, security, and peace of mind.

You can file your IRS Form 720 within minutes and get confirmation instantly — no waiting, no guesswork.

Final Thoughts

Filing excise taxes doesn’t have to be stressful.

With Excise720, you get a simple, secure, and fully IRS-compliant e-filing solution that helps you meet every deadline confidently.

If you’re ready to file your IRS Form 720, visit Excise720 and experience how easy online tax filing can be.

Contact Information

4140 Timber Log Way, Fairfax, VA 22030

703-935-6282

Support@excise720.com

https://excise720.com

Follow Us:

Facebook | Instagram

Business Hours: Monday – Friday, 10 AM – 5 PM EST

Faqs

1. What is IRS Form 720?

IRS Form 720 is the Quarterly Federal Excise Tax Return used by businesses to report taxes on products and services such as fuel, tires, and air transportation.

2. Who should file Form 720?

Any business that sells, produces, or imports taxable goods or services like fuel, tires, chemicals, or communication services must file Form 720 every quarter.

3. How can I file Form 720 online?

You can easily file Form 720 online at Excise720 — an IRS-approved e-filing system that offers a simple, secure, and fast filing process.

Form 720 is filed every quarter on these due dates:

4. When is Form 720 due?

• April 30
• July 31
• October 31
• January 31

5. Is Excise720 approved by the IRS?

Yes. Excise720 is an officially IRS-authorized e-file provider, ensuring your Form 720 filing is secure, accurate, and instantly submitted to the IRS.