Form 720 e-filing instructions

Form 720 e-filing is an annual return that certain businesses must file with the Environmental Protection Agency (EPA). The form is used to report receipts from the sale of certain chemicals and pollutants, as well as to pay the related fees.

Businesses that manufacture, import, or process certain chemicals and pollutants covered by the form must file Form 720. This includes businesses that produce chemicals subject to the Chemicals Management Program, as well as those that produce automotive air conditioning refrigerants, ozone-depleting cleaners, and tire-derived black carbon.

Form 720 must be filed by the end of each calendar year. The due date is February 28 of the following year for paper filers, and March 31 for electronic filers.

The form must be filed with the EPA office in your region. You can find the appropriate address on the form instructions or on the EPA website.

To file Form 720, you will need to complete all four parts of the form:

Part I – Taxpayer Identification: This section asks for your business’s name, contact information, and tax ID number.

Part II – Summary of Receipts: In this section, you will need to summarize your total receipts from the sale of each chemical or pollutant covered by Form 720.

Part III – Pollutant Liable for Fee: In this section, you will need to report the total amount of each pollutant you sold during the year. You will also need to calculate and report the fee due for each pollutant.

Part IV – Signature and Verification: This section must be completed and signed by an authorized representative of your business. You will also need to provide your authorized representative’s contact information.

What is Form 720 e-filing instructions?

Form 720 is used to report certain types of excise taxes. The form is filed quarterly, and the due date is the last day of the month following the end of the quarter.

Some of the taxes that are reported on Form 720 include:

• Fuel tax
• Environmental taxes
• Communication services tax
• Manufacturer’s excise taxes

Form 720 must be filed electronically using the IRS e-File system. You will need to create an account and then follow the instructions for filing Form 720. You will need to have the following information ready when you start:

• Your business name, address, and EIN
• The tax period (quarterly) for which you are filing
• The total amount of excise taxes you are reporting
• The specific excise taxes you are reporting (fuel tax, environmental tax, etc.)

Who Must File Form 720 e-filing instructions?

You must file Form 720 if you are engaged in a trade or business and you have had any of the following transactions during the year:

1. Receipt of a premium for liability insurance, including reinsurance;
2. Issuance of a policy covering liability insurance, including reinsurance;
3. Maintenance of an account for premiums on liability insurance, including reinsurance; or
4. Underwriting a policy of liability insurance, including reinsurance.

When is Form 720 Due?

Form 720 must be filed quarterly, on the following dates:

• April 1 for the first quarter (January 1 – March 31)
• July 1 for the second quarter (April 1 – June 30)
• October 1 for the third quarter (July 1 – September 30)
• January 15 of the following year for the fourth quarter (October 1 – December 31)

Where to File Form 720

Form 720 can be filed electronically through the IRS e-file system or by paper. To file electronically, taxpayers must have software that generates a fillable Form 720. Taxpayers who e-file will receive an electronic acknowledgment from the IRS when the agency accepts the return.

The electronic version of Form 720 is available on the Simple720 website atwww.simple720.com Taxpayers who file by paper should mail Form 720 to:

Department of the Treasury

Internal Revenue Service

Center

P.O. Box 409101

Ogden, UT 84409

Simple 720 is developed by a team of tax experts with one goal in mind, making tax filing simple for our valued clients.