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IRS Form: Excise Tax Reporting Comments Requested (IRC §4081)

May 20, 2022, 5:00 AM

Comments requested on Form 720, Quarterly Federal Excise Tax Return, which is used to report liability by IRS number and to pay the excise taxes listed on the form. Comments also requested on Form 720-X and Form 6627. Form 720-X is used to make adjustments to liability reported on Form 720 filed in previous quarters. Form 6627 is used to figure the environmental tax on petroleum, ODCs, imported products that used ODCs as materials in the manufacture or production of the product, and the floor stocks tax on ODCs. Form 6627 is filed with Form 720. Comments are due ...