Rev. March 2024
Complete Form 720-V if you're making a payment by check or money order with Form 720. Provide your EIN, tax period, amount paid, and business name and address on the voucher. Don't send cash or staple this voucher to your payment or return.
You may request a payment plan from the IRS by calling 1-800-829-1040. You will need to provide information on your income, expenses, and outstanding balances for other debts. The IRS will evaluate your request and determine if you qualify for a monthly installment agreement.
Yes, you can file Form 720 electronically. You can use the Electronic Federal Tax Payment System (EFTPS) to make your deposits and file your return. EFTPS is a free service provided by the Department of the Treasury.
You can apply for an EIN online, by fax, or by mail. To apply online, go to the IRS website and select the 'Apply for an EIN' option. If you prefer to apply by mail, download Form SS-4 from the IRS website and complete it according to the instructions provided.
Yes, there is no extension of time to file Form 720. You are required to file your return by the last day of the month following the month when you received the aviation fuel or purchased it.
Section 4051(d) tires are off-road tires that are used in construction and mining equipment, agricultural machinery, and industrial vehicles. These tires are not subject to the Highway Use Tax (HUT). If you purchase these tires for use on the highway, they will be subject to HUT.
A third party designee is someone authorized by a taxpayer to perform certain tasks on their behalf. This includes making deposits, filing returns, and responding to notices or other communications from the IRS.
If you used less than 150 gallons of aviation fuel during a given month, you do not have to file Form 720 for that month. However, you must keep records of your purchases and usage of aviation fuel for four years after the return due date.
Form 720 is one of Tax forms that are documents used to report information related to taxes to the relevant tax authority. There are various types of tax forms, including federal, state, and local tax forms, which can vary depending on the taxpayer's circumstances and location.
The easiest way to fill Form 720 online
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