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About Efile 720
Efile 720 is an IRS-authorized online portal for filing Form 720 and Form 8849 federal excise tax returns. The IRS has indicated that electronic filing is the preferred method, as paper submissions are experiencing significant delays and, in some cases, are no longer being processed.
The platform enables taxpayers to prepare excise tax filings electronically, automatically calculates tax amounts for applicable categories, and securely transmits returns to the IRS through an approved system. Official IRS acknowledgment is received within minutes of submission
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Based on the IRS Inspector General's 2026 filing season readiness report, the IRS is dealing with significantly reduced staffing and record-breaking, unprecedented processing backlogs. Taxpayers are strongly advised to refrain from sending any Forms 720 or 8849 by paper, as paper-filed submissions increase the likelihood of processing delays, automatically generated penalties, and audit review. Excise tax returns and refund claims should be filed electronically through the IRS Modernized e-File (MeF) system using an IRS-authorized e-file provider to obtain IRS approval within minutes.
Under Executive Order 14247, the federal government is modernizing payment systems by phasing out paper refund checks in favor of electronic payments. As part of this initiative, the IRS is reducing reliance on paper submissions and paper refunds to improve security, efficiency, and processing timelines.
Over 5 million excise tax e-filings processed through our IRS-approved system




























Form 720, commonly referred to as the Quarterly Federal Excise Tax Return, is used to report and pay federal excise taxes across a variety of categories, including PCORI, Tanning Taxes, Truck Excise Taxes, Environmental Taxes, Communications and Air Transportation, Fuel Taxes, Repurchase of Corporate Taxes, and more. Businesses liable for these Federal Excise Taxes must file this tax form quarterly.
E-File Form 720All 66 Form 720 Excise Tax Categories in One Platform
Claim Your Form 720 Schedule C Credits for Nontaxable Use of Gasoline with Efile720!
Claim Your Form 720 Schedule C Credits for Nontaxable Use of Aviation Gasoline with Efile720!
Maximize Your Form 720 Schedule C Refund for Nontaxable Gasoline Usage with Efile720!
Maximize Your Form 720 Schedule C Refund for Nontaxable Gasoline Usage with Efile720!
Maximize Your Form 720 Schedule C Refund for Nontaxable Gasoline Usage with Efile720!.
Claim Your Form 720 Schedule C Credits for Nontaxable Use of Gasoline with Efile720!
Claim Your Form 720 Schedule C Credits for Nontaxable Use of Aviation Gasoline with Efile720!
Maximize Your Form 720 Schedule C Refund for Nontaxable Gasoline Usage with Efile720!
Maximize Your Form 720 Schedule C Refund for Nontaxable Gasoline Usage with Efile720!
Maximize Your Form 720 Schedule C Refund for Nontaxable Gasoline Usage with Efile720!.
Claim Your Form 720 Schedule C Credits for Nontaxable Use of Gasoline with Efile720!
Claim Your Form 720 Schedule C Credits for Nontaxable Use of Aviation Gasoline with Efile720!
Maximize Your Form 720 Schedule C Refund for Nontaxable Gasoline Usage with Efile720!
All 8849 Schedules. One Simple Platform
Here is the 5 Step Simple Guide to file your Form 720 Federal Excise Tax in just a few clicks!
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This post compares how stock buybacks function in startups versus public companies. It highlights that while public firms use them to manage capital and shareholder value, startups often avoid them due to liquidity and investor constraints. The article also touches on the reporting requirements and the relationship with quarterly Form 720 filings
Read MoreThis guide explains the calculation of the 1% excise tax on corporate stock buybacks introduced by the Inflation Reduction Act. It covers identifying repurchased shares, determining fair market value, applying the netting rule for stock issuances, and the process for reporting these figures on IRS Form 720 and Form 7208.
Read MoreThis guide outlines the liability and reporting requirements for the 1% stock buyback excise tax introduced by the Inflation Reduction Act. It details which entities must pay, how to calculate the tax, and the quarterly filing deadlines for IRS Form 720 to ensure corporate compliance and avoid penalties.
Read MoreOur excise tax experts work directly with IRS systems and can guide you through the electronic filing process for Forms 720 and 8849.
The sessions cover system navigation, validation steps, and how returns get IRS acknowledgement within minutes.
Book a session →*For official tax guidance or determinations, please refer to IRS.gov or contact the IRS directly.