Federal Quarterly Federal Excise Tax Return

Quarterly Federal Excise Tax Return
Form 720 (Rev. December 2023)
720

Quarterly Federal Excise Tax Return

Form
(Rev. December 2023)
Department of the Treasury
Internal Revenue Service

Check here if:
Final return
Address change

OMB No. 1545-0023

See the Instructions for Form 720.
Go to www.irs.gov/Form720 for instructions and the latest information.
Name

Quarter ending

FOR IRS USE ONLY

Number, street, and room or suite no.
(If you have a P.O. box, see the instructions.)

Employer identification number

T
FF
FD
FP
I

City or town, state or province, country, and ZIP or foreign postal code

T

Part I
Environmental Taxes (attach Form 6627; ODCs are ozone-depleting chemicals)
Domestic petroleum superfund tax*
Domestic petroleum oil spill tax
Imported petroleum products superfund tax
Imported petroleum products oil spill tax
Chemicals (other than ODCs)
Imported chemical substances
ODCs
ODC tax on imported products
Communications and Air Transportation Taxes (see instructions)
22 Local telephone service and teletypewriter exchange service
26 Transportation of persons by air*
28 Transportation of property by air*
27 Use of international air travel facilities*
Number of gallons
Fuel Taxes
(a) Diesel, tax on removal at terminal rack
60 (b) Diesel, tax on taxable events other than removal at terminal rack
(c) Diesel, tax on sale or removal of biodiesel mixture
(not at terminal rack)
104 Diesel-water fuel emulsion
105 Dyed diesel, LUST tax
107 Dyed kerosene, LUST tax
119 LUST tax, other exempt removals (see instructions)
35 (a) Kerosene, tax on removal at terminal rack (see instructions)
(b) Kerosene, tax on taxable events other than removal at terminal rack
69 Kerosene for use in aviation (see instructions)
77 Kerosene for use in commercial aviation (other than foreign trade)
111 Kerosene for use in aviation, LUST tax on nontaxable uses
79 Other fuels (see instructions)
62 (a) Gasoline, tax on removal at terminal rack
(b) Gasoline, tax on taxable events other than removal at terminal rack
13 Any liquid fuel used in a fractional ownership program aircraft
(see instructions)
14 Aviation gasoline*
112 Liquefied petroleum gas (LPG) (see instructions)
118 “P Series” fuels
120 Compressed natural gas (CNG) (see instructions)
121 Liquefied hydrogen
122 Fischer-Tropsch process liquid fuel from coal (including peat)
123 Liquid fuel derived from biomass
124 Liquefied natural gas (LNG) (see instructions)
* See instructions to ensure correct rate.

Tax

IRS No.

53
18
16
21
54
17
98
19

For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.

IRS No.

53
18
16
21
54
17
98
19
Tax

22
26
28
27
Rate

$.244
.244
.244
.198
.001
.001
.001
.244
.244
.219
.044
.001
.184
.184
.141
.194
.183
.184
.183
.184
.244
.244
.243
Cat. No. 10175Y

}

Tax

60

104
105
107
119

}
}

35
69
77
111
79
62
13
14
112
118
120
121
122
123
124
Form 720 (Rev. 12-2023)

Page 2

Form 720 (Rev. 12-2023)
Rate

IRS No.

Tax

Retail Tax—Truck, trailer, and semitrailer chassis and bodies, and tractor
12% of sales price
Number of persons
Rate
Ship Passenger Tax
Transportation by water
$3 per person
Amount of obligations
Rate
Other Excise Tax
Obligations not in registered form
$.01

33
29
31

Foreign Insurance Taxes—Policies issued by foreign insurers
Casualty insurance and indemnity bonds

30

Premiums paid

$.04

Life insurance, sickness and accident policies, and annuity
contracts
Reinsurance
Number of tons
Manufacturers Taxes

36
37
38
39

Rate

.01
.01

33
Tax

29
Tax

31
Tax

}

IRS No.

30

Sales price

36
37
38
39

$1.10 per ton

Coal—Underground mined

4.4% of sales price
$.55 per ton
4.4% of sales price

Coal—Surface mined

Number of tires

108
109
113
40
97

IRS No.

Taxable tires other than bias ply or super single tires
Taxable bias ply or super single tires (other than super single tires designed for steering)
Taxable tires, super single tires designed for steering
Gas guzzler tax. Attach Form 6197. Check if one-time filing . . . . . . .
Vaccines (see instructions)

Tax

IRS No.

108
109
113
40
97

. . . .

Sales price

1

Reserved for future use
Total. Add all amounts in Part I. Complete Schedule A unless one-time filing

2.3% of sales price

.

.

.

.

.

.

.

$

Part II
Patient-Centered Outcomes Research Fee (see
IRS No. instructions)
Specified health insurance policies
(a) With a policy year ending before October 1, 2022
(b) With a policy year ending on or after October 1, 2022,
and before October 1, 2023
133 Applicable self-insured health plans
(c) With a plan year ending before October 1, 2022
(d) With a plan year ending on or after October 1, 2022,
and before October 1, 2023

(a) Avg. number
of lives covered
(see inst.)

(b) Rate for
avg.
covered life

(c) Fee (see
instructions)

$2.79
$3.00
$2.79
$3.00

}

Rate

41
110
42
114
44
106
140

Sport fishing equipment (other than fishing rods and fishing poles)
Fishing rods and fishing poles (limits apply, see instructions)
Electric outboard motors
Fishing tackle boxes
Bows, quivers, broadheads, and points
Arrow shafts
Indoor tanning services

Tax

41
110
42
114
44
106
140

Rate

Tax

$.29
.001

.

.

.

.

.

.

.

.

.

IRS No.

133

10% of sales price
10% of sales price
3% of sales price
3% of sales price
11% of sales price
$.59 per shaft
10% of amount paid

Number of gallons

64 Inland waterways fuel use tax
125 LUST tax on inland waterways fuel use (see instructions)
51 Section 40 fuels (see instructions)
117 Biodiesel sold as but not used as fuel
20 Floor stocks tax—Ozone-depleting chemicals. Attach Form 6627.
150 Repurchase of corporate stock. Attach Form 7208.
142 Sales of designated drugs during statutory periods.
2 Total. Add all amounts in Part II . . . . . . . . . . .

Tax

.

64
125
51
117
20
150
142
.

$
Form 720 (Rev. 12-2023)

Page 3

Form 720 (Rev. 12-2023)

Part III
3
4
5
6
7
8
9
10
11

Total tax. Add Part I, line 1, and Part II, line 2 . . . . . . . . . . . . . . . . . .
Claims (see instructions; complete Schedule C) . . . . . . . .
4
Deposits made for the quarter . . . . .
5
Check here if you used the safe harbor rule to make your deposits.
Overpayment from previous quarters . . .
6
Enter the amount from Form 720-X included
on line 6, if any . . . . . . . . . .
7
Add lines 5 and 6 . . . . . . . . . . . . . . . . . .
8
Add lines 4 and 8 . . . . . . . . . . . . . . . . . . . . . . . . . . .
Balance Due. If line 3 is greater than line 9, enter the difference. Pay the full amount with the return (see instructions)
Overpayment. If line 9 is greater than line 3, enter the difference. Check if you want the
overpayment:
Applied to your next return, or
Refunded to you.

Third Party
Designee

Sign
Here

9
10
11

Yes. Complete the following.

Do you want to allow another person to discuss this return with the IRS (see instructions)?
Designee name

3

Phone no.

No

Personal identification number (PIN)

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is
true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Signature
Type or print name below signature.
Print/Type preparer’s name

Paid
Preparer
Use Only

Date

Title
Telephone number

Preparer’s signature

Date

Check
if
self-employed

Firm’s name

Firm’s EIN

Firm’s address

Phone no.

PTIN

Form 720 (Rev. 12-2023)

Page 4

Form 720 (Rev. 12-2023)

Schedule A

Excise Tax Liability (see instructions)

Note: You must complete Schedule A if you have a liability for any tax in Part I of Form 720. Don’t complete Schedule A for
Part II taxes or for a one-time filing of the gas guzzler tax.
1 Regular method taxes
(a) Record of Net
Tax Liability
First month
A
Second month
C
Third month
E
Special rule for September* .

Period
1st–15th day

.

.

.

.

.

.

16th–last day

.

.

.

B
D
F
G

(b) Net liability for regular method taxes. Add the amounts for each semimonthly period.
2 Alternative method taxes (IRS Nos. 22, 26, 28, and 27)
(a) Record of Taxes
Considered as
1st–15th day
Collected
First month
M
Second month
O
Third month
Q
Special rule for September* . . . . . . . . .

Period
16th–last day

.

N
P
R
S

(b) Alternative method taxes. Add the amounts for each semimonthly period.
* Complete only as instructed (see instructions).

Schedule T

Two-Party Exchange Information Reporting (see instructions)

Fuel
Diesel fuel, gallons received in a two-party exchange within a terminal, included
on Form 720, IRS No. 60(a)

Number of gallons

Diesel fuel, gallons delivered in a two-party exchange within a terminal
Kerosene, gallons received in a two-party exchange within a terminal, included
on Form 720, IRS No. 35(a), 69, 77, or 111
Kerosene, gallons delivered in a two-party exchange within a terminal
Gasoline, gallons received in a two-party exchange within a terminal, included
on Form 720, IRS No. 62(a)
Gasoline, gallons delivered in a two-party exchange within a terminal
Aviation gasoline, gallons received in a two-party exchange within a terminal, included
on Form 720, IRS No. 14
Aviation gasoline, gallons delivered in a two-party exchange within a terminal
Form 720 (Rev. 12-2023)

Page 5

Form 720 (Rev. 12-2023)

Schedule C

Claims

Month your income tax year ends
• Complete Schedule C for claims only if you are reporting liability in Part I or II of Form 720.
• Attach a statement explaining each claim as required. Include your name and EIN on the statement (see instructions).
Caution: Claimant has the name and address of the person(s) who sold the fuel to the claimant, the dates of purchase, and if
exported, the required proof of export. For claims on lines 1a and 2b (type of use 13 and 14), 3c, 4b, and 5, claimant hasn’t waived
the right to make the claim.
Period of claim
1
Nontaxable Use of Gasoline
Note: CRN is credit reference number.
Type of use

a Gasoline (see Caution above line 1)
b Exported (see Caution above line 1)
2
Nontaxable Use of Aviation Gasoline
Type of use

a
b
c
d
3

4

5

Rate

Type of use

Nontaxable use
Use in certain intercity and local buses (see Caution above line 1)
Use on a farm for farming purposes
Exported (see Caution above line 1)
Nontaxable use taxed at $.044
Nontaxable use taxed at $.219*
Kerosene Used in Aviation (see Caution above line 1)

Rate

362
411
Amount of claim

Gallons

CRN

354
324
412
433

.

.

.

Amount of claim

Gallons

.
CRN

360
353
350
360
413

.

.

Amount of claim

Gallons

$.243
.17
.243
.244
.043
.218

CRN

$

Nontaxable use
$.243
$
Use in trains
.243
Use in certain intercity and local buses (see Caution above line 1)
.17
Use on a farm for farming purposes
.243
Exported (see Caution above line 1)
.244
Nontaxable Use of Undyed Kerosene (Other Than Kerosene Used in Aviation) Period of claim
Claimant certifies that the kerosene did not contain visible evidence of dye.
Exception. If any of the kerosene included in this claim did contain visible evidence of dye, attach a detailed
explanation and check here . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Caution: Claims cannot be made on line 4 for kerosene sales from a blocked pump.

a
b
c
d
e
f

Rate

Amount of claim

Gallons

Used in commercial aviation (other than foreign trade)*
$.15
$
Other nontaxable use (see Caution above line 1)*
.193
Exported (see Caution above line 1)*
.194
LUST tax on aviation fuels used in foreign trade
.001
Period of claim
Nontaxable Use of Undyed Diesel Fuel
Claimant certifies that the diesel fuel did not contain visible evidence of dye.
Exception. If any of the diesel fuel included in this claim did contain visible evidence of dye, attach a detailed
explanation and check here . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Type of use

a
b
c
d
e

Rate

$.183
.184
Period of claim

.

.
CRN

346
347
346
414
377
369

$

Period of claim
Type of use

Rate

Amount of claim

Gallons

CRN

a

Kerosene used in commercial aviation (other than foreign
trade) taxed at $.244
b Kerosene used in commercial aviation (other than foreign
trade) taxed at $.219*
c Nontaxable use (other than use by state or local
government) taxed at $.244
d Nontaxable use (other than use by state or local
government) taxed at $.219*
e LUST tax on aviation fuels used in foreign trade
* See instructions to ensure correct rate.

$.200

$

417

.175

355

.243

346

.218
.001

369
433
Form 720 (Rev. 12-2023)

Page 6

Form 720 (Rev. 12-2023)

6

Nontaxable Use of Alternative Fuel
Caution: There is a reduced credit rate for use in certain intercity and local buses (type of use 5) (see instructions).
Type of use

a
b
c
d
e
f
g
h
7

Liquefied petroleum gas (LPG) (see instructions)
“P Series” fuels
Compressed natural gas (CNG) (see instructions)
Liquefied hydrogen
Fischer-Tropsch process liquid fuel from coal (including peat)
Liquid fuel derived from biomass
Liquefied natural gas (LNG) (see instructions)
Liquefied gas derived from biomass
Sales by Registered Ultimate Vendors of Undyed Diesel Fuel

Rate

Gallons, or gasoline
or diesel gallon
equivalents

$.183
.183
.183
.183
.243
.243
.243
.183

Amount of claim

CRN

419
420
421
422
423
424
425
435

$

Period of claim
Registration number

Claimant certifies that it sold the diesel fuel at a tax-excluded price, repaid the amount of tax to the buyer, or has obtained
written consent of the buyer to make the claim. Claimant certifies that the diesel fuel didn’t contain visible evidence of dye.
Exception. If any of the diesel fuel included in this claim did contain visible evidence of dye, attach a detailed
explanation and check here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Rate

Amount of claim

Gallons

CRN

a Use by a state or local government
$.243
360
$
b Use in certain intercity and local buses
.17
350
Period of claim
8
Sales by Registered Ultimate Vendors of Undyed Kerosene
(Other Than Kerosene For Use in Aviation)
Registration number
Claimant certifies that it sold the kerosene at a tax-excluded price, repaid the amount of tax to the buyer, or has obtained the
written consent of the buyer to make the claim. Claimant certifies that the kerosene didn’t contain visible evidence of dye.
Exception. If any of the kerosene included in this claim did contain visible evidence of dye, attach a detailed
explanation and check here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Rate

Gallons

Amount of claim

CRN

a Use by a state or local government
$.243
$
346
b Sales from a blocked pump
.243
c Use in certain intercity and local buses
.17
347
Sales by Registered Ultimate Vendors of Kerosene For Use in Aviation
Registration number
9
• See Caution above line 1.
• Claimant sold the kerosene for use in aviation at a tax-excluded price and hasn’t collected the amount of tax from the buyer,
repaid the amount of tax to the buyer, or has obtained written consent of the buyer to make the claim. See the instructions for
additional information to be submitted.
Type of use

a
b
c
d
e
f
10

Use in commercial aviation (other than foreign trade) taxed at $.219
Use in commercial aviation (other than foreign trade) taxed at $.244
Nonexempt use in noncommercial aviation*
Other nontaxable uses taxed at $.244
Other nontaxable uses taxed at $.219*
LUST tax on aviation fuels used in foreign trade
Sales by Registered Ultimate Vendors of Gasoline

Rate

Amount of claim

Gallons

$.175
$
.200
.025
.243
.218
.001
Registration number

CRN

355
417
418
346
369
433

Claimant sold the gasoline at a tax-excluded price and hasn’t collected the amount of tax from the buyer, repaid the amount of
tax to the buyer, or has obtained written consent of the buyer to take the claim; and obtained an unexpired certificate from the
buyer and has no reason to believe any information in the certificate is false. See the instructions for additional information to
be submitted.
Rate

Amount of claim

Gallons

CRN

a Use by a nonprofit educational organization
$.183
$
362
b Use by a state or local government
.183
11
Sales by Registered Ultimate Vendors of Aviation Gasoline
Registration number
Claimant sold the aviation gasoline at a tax-excluded price and hasn’t collected the amount of tax from the buyer, repaid the amount
of tax to the buyer, or has obtained written consent of the buyer to take the claim; and obtained an unexpired certificate from the buyer
and has no reason to believe any information in the certificate is false. See the instructions for additional information to be submitted.
Rate

a Use by a nonprofit educational organization*
b Use by a state or local government*
* See instructions to ensure correct rate.

$.193
.193

Amount of claim

Gallons
$

CRN

324
Form 720 (Rev. 12-2023)

Page 7

Form 720 (Rev. 12-2023)

12

Biodiesel, Renewable Diesel, or Sustainable Aviation Fuel Credit

Period of claim
Registration number

Biodiesel or renewable diesel mixtures. Claimant produced a mixture by mixing biodiesel with diesel fuel, or produced a
mixture by mixing renewable diesel with liquid fuel (other than renewable diesel). The biodiesel used to produce the biodiesel
mixture met ASTM D6751 and met EPA’s registration requirements for fuels and fuel additives. The renewable diesel used to
produce the renewable diesel mixture was derived from biomass, met EPA’s registration requirements for fuels and fuel
additives, and met ASTM D975, D396, or other equivalent standard approved by the IRS. The biodiesel or renewable mixture
was sold by the claimant to any person for use as a fuel or was used as a fuel by the claimant. Sustainable aviation fuel (SAF)
mixtures. Claimant produced a qualified mixture by mixing SAF with kerosene. The qualified mixture was produced by the
claimant in the United States, such mixture was used by the claimant (or sold by the claimant for use) in an aircraft, such sale
or use was in the ordinary course of a trade or business of the claimant, and the transfer of such mixture to the fuel tank of
such aircraft occurred in the United States. The SAF used to produce the qualified mixture is the portion of liquid fuel that is
not kerosene that (i) either (A) meets the specifications of one of the ASTM D7566 Annexes, or (B) meets the specifications of
ASTM D1655 Annex A1, (ii) is not derived from coprocessing an applicable material (or materials derived from an applicable
material) with a feedstock that is not biomass, (iii) is not derived from palm fatty acid distillates or petroleum, and (iv) has been
certified in accordance with section 40B(e) as having a lifecycle greenhouse gas emissions reduction percentage of at least 50
percent. For all claims. Claimant has attached the appropriate certificates and, if applicable, appropriate reseller statements.
Claimant has no reason to believe that the information in the certificate or statement is false. See the instructions for additional
information and requirements.
Rate

a
b
c
d
13

Amount of claim

CRN

Biodiesel (other than agri-biodiesel) mixtures
$1.00
388
$
Agri-biodiesel mixtures
1.00
390
Renewable diesel mixtures
1.00
307
Sustainable aviation fuel mixtures (see instructions)
440
Alternative Fuel Credit and Alternative Fuel Mitxture Credit
Registration number
For the alternative fuel mixture credit, claimant produced a mixture by mixing taxable fuel with alternative fuel. Claimant certifies that
it (a) produced the alternative fuel, or (b) has in its possession the name, address, and EIN of the person(s) that sold the alternative
fuel to the claimant; the date of purchase; and an invoice or other documentation identifying the amount of the alternative fuel. The
claimant also certifies that it made no other claim for the amount of the alternative fuel, or has repaid the amount to the government.
The alternative fuel mixture was sold by the claimant to any person for use as a fuel or was used as a fuel by the claimant.
Rate

a
b
c
d
e
f
g
h
i

Number of gallons
sold or used

Liquefied petroleum gas (LPG)* (see instructions)
“P Series” fuels
Compressed natural gas (CNG)* (see instructions)
Reserved for future use
Fischer-Tropsch process liquid fuel from coal (including peat)
Liquid fuel derived from biomass
Liquified natural gas (LNG)* (see instructions)
Liquified gas derived from biomass*
Compressed gas derived from biomass*

Gallons, or
gasoline or diesel
gallon equivalents
(see instructions)

$.50
.50
.50

Amount of claim

CRN

426
427
428

$

.50
.50
.50
.50
.50

430
431
432
436
437

* You can’t claim the alternative fuel mixture credit for this fuel.

14
a
b
c
d
e

Amount of claim
Other claims. See the instructions. For lines 14b and 14c, see the Caution above line 1 on page 5.
Section 4051(d) tire credit (tax on vehicle reported on IRS No. 33)
$
Exported dyed diesel fuel and exported gasoline blendstocks taxed at $.001
Exported dyed kerosene
Diesel-water fuel emulsion
Registered credit card issuers

f
g
h
i
j
k
15

Taxable tires other than bias ply or super single tires
Taxable tires, bias ply or super single tires (other than super single tires designed for steering)
Taxable tires, super single tires designed for steering
Chemicals (other than ODCs)
Imported chemical substances

Number of tires

Total claims. Add amounts on lines 1 through 14. Enter the result here and on Form 720, Part III, line 4.

Amount of claim
$

CRN

366
415
416

CRN

396
304
305
454
317

15
Form 720 (Rev. 12-2023)

Form 720-V,
Payment Voucher
Purpose of Form
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.

Specific Instructions
Box 1. If you don’t have an EIN, you may apply for one
online by visiting www.irs.gov/EIN. You may also apply
for an EIN by faxing or mailing Form SS-4, Application for
Employer Identification Number, to the IRS. However, if
you’re making a one-time filing, enter your social security
number.

Box 2. Enter the amount paid from line 10 of Form 720.
Box 3. Darken the circle identifying the quarter for which
the payment is made. Darken only one circle.
Box 4. Enter your name and address as shown on Form
720.
• Enclose your check or money order made payable to
“United States Treasury.” Be sure to enter your EIN (SSN
for one-time filing), “Form 720,” and the tax period on
your check or money order. Don’t send cash. Don’t staple
this voucher or your payment to the return (or to each
other).
• Detach the completed voucher and send it with your
payment and Form 720. See Where To File in the
Instructions for Form 720.

Form 720-V (2023)

Form

Detach here and mail with your payment and Form 720.

720-V

Payment Voucher

Department of the Treasury
Internal Revenue Service

1

OMB No. 1545-0023

2023

Don’t staple or attach this voucher to your payment.
2

Enter your employer identification
number (EIN). See instructions.

Dollars

Enter the amount of your payment.
Make your check or money order payable to “United States Treasury.”
4

3 Tax Period

Enter your business name (individual name if sole proprietor).

1st
Quarter

3rd
Quarter

Enter your address.

2nd
Quarter

4th
Quarter

City or town, state or province, country, and ZIP or foreign postal code

Cents