#form 720

Businesses that sponsor self-insured health plans often have important federal tax reporting obligations, including the Patient-Centered Outcomes Research Institute (PCORI) fee. While the filing requirements may seem straightforward, many employers and plan sponsors find themselves confused about deadlines, calculations, and IRS filing procedures.

Fortunately, Excise720 provides a fast, secure, and IRS-authorized solution for filing PCORI fees online through Form 720.

What Is the PCORI Fee?

The Patient-Centered Outcomes Research Institute (PCORI) fee was established under the Affordable Care Act (ACA) to fund research that helps patients and healthcare providers make informed medical decisions.

The fee applies to:

Self-insured health plans

Health Reimbursement Arrangements (HRAs)

Certain employer-sponsored health plans

Plan sponsors are required to calculate and report the PCORI fee annually using IRS Form 720, Quarterly Federal Excise Tax Return.

Who Must Pay the PCORI Fee?

Generally, employers and organizations that maintain self-insured health plans are responsible for paying the PCORI fee. This includes:

Private employers

Government employers

Nonprofit organizations

Organizations offering Health Reimbursement Arrangements (HRAs)

Insurance companies typically pay the fee for fully insured health plans, while employers pay the fee for self-insured arrangements.

How Is the PCORI Fee Calculated?

The PCORI fee is based on the average number of covered lives under the plan during the policy year.

The IRS allows several methods for determining the average number of covered lives, including:

Actual Count Method

Snapshot Method

Form 5500 Method

Using the correct calculation method is essential to ensure compliance and avoid filing errors.

Why File PCORI Fees Through Excise720?

IRS-Authorized E-Filing

Excise720 is an IRS-authorized e-file provider that allows businesses to submit Form 720 electronically with confidence.

Quick and Easy Filing

The platform simplifies the entire filing process by providing step-by-step guidance, helping users complete their PCORI fee filing in just a few minutes.

Accurate Calculations

Excise720 helps eliminate common filing mistakes through built-in validation checks and automated calculations.

Secure Submission

All taxpayer information is protected through advanced encryption and secure IRS-approved transmission methods.

Real-Time Filing Status

Users receive instant confirmation and can track their filing status directly through the Excise720 dashboard.

Common PCORI Filing Mistakes to Avoid

Many organizations encounter issues when filing PCORI fees. Common mistakes include:

Using incorrect covered-life counts

Missing annual filing deadlines

Reporting fees on the wrong tax forms

Miscalculating average covered lives

Filing incomplete Form 720 returns

Using a specialized filing platform like Excise720 helps reduce these risks and ensures accurate submission.

Affordable PCORI Filing Solution

Excise720 offers a dedicated PCORI Fee Filing package for only $39.95.

This package includes:

Complete PCORI fee preparation

IRS electronic filing

Confirmation email after submission

Customer support assistance

Secure online filing process

The pricing is transparent with no hidden fees, making it an affordable solution for businesses of all sizes.

Benefits of Filing PCORI Fees Online

Electronic filing provides several advantages over paper filing:

Faster IRS processing

Reduced filing errors

Secure document transmission

Immediate filing confirmation

Easy record retention

Convenient online access

With Excise720, businesses can complete their PCORI filing from anywhere without mailing paper forms or manually tracking submissions.

Stay Compliant with Excise720

PCORI fee reporting is an important annual compliance requirement for many employers and plan sponsors. Missing deadlines or filing incorrect information can result in unnecessary penalties and administrative burdens.

Excise720 simplifies the process by providing an easy-to-use, IRS-authorized platform specifically designed for Form 720 and PCORI fee filing. Whether you're filing for a small business, nonprofit organization, or large employer-sponsored health plan, Excise720 helps ensure accuracy, security, and compliance.

File Your PCORI Fee Today

Don't wait until the deadline approaches. File your PCORI fee quickly and securely with Excise720. Our platform provides everything you need to prepare, submit, and track your Form 720 filing with confidence.

Visit Excise720.com today and experience the easiest way to file your PCORI fee online.

Filing excise taxes every quarter is a critical responsibility for many U.S. businesses. However, traditional methods can be time-consuming, confusing, and prone to errors. That’s why quarterly excise tax e-file solutions are becoming the preferred choice for businesses looking to simplify compliance and save time.

One of the most reliable platforms for this purpose is Excise720, an IRS-authorized e-file provider designed specifically to make Form 720 filing fast, secure, and accurate.

What is Quarterly Excise Tax E-File?

Quarterly excise tax e-file refers to the process of electronically submitting IRS Form 720, the Quarterly Federal Excise Tax Return. This form is required for businesses that manufacture, sell, or use certain products and services such as:

Fuel (gasoline, diesel, aviation fuel)

Environmental chemicals

Air transportation services

Communication services

PCORI fees

E-filing replaces traditional paper filing with a digital system, allowing faster processing and immediate confirmation from the IRS.

Why Businesses Prefer E-Filing Form 720

Switching to a quarterly excise tax e-file system offers several advantages:

Speed and Efficiency E-filing significantly reduces the time required to complete and submit your return. Most filings can be completed within minutes.

Improved Accuracy Automated systems calculate taxes for you, minimizing manual errors that could lead to IRS rejections.

Instant Confirmation You receive immediate proof of submission and can track your return status in real time.

Better Compliance With built-in checks and reminders, e-filing helps ensure you never miss deadlines or required details.

How Excise720 Simplifies Quarterly Excise Tax E-File

Excise720 is built to make the entire filing process smooth and stress-free.

Step-by-Step Filing Process The platform guides you through each section of Form 720, making it easy even for first-time filers.

Automated Calculations All tax amounts are calculated automatically using IRS-compliant formulas, reducing the risk of mistakes.

Real-Time IRS Updates Track your filing from submission to acceptance without any uncertainty.

Secure Data Protection Advanced encryption ensures your sensitive financial data remains safe.

Support for All Tax Categories From fuel and environmental taxes to PCORI and communication taxes, everything is covered in one place.

Quarterly Filing Deadlines You Should Know

To stay compliant, businesses must submit Form 720 on time each quarter:

April 30 – For January to March

July 31 – For April to June

October 31 – For July to September

January 31 – For October to December

Missing these deadlines can result in penalties, making timely e-filing essential.

Who Should Use Quarterly Excise Tax E-File?

A quarterly excise tax e-file solution is ideal for:

Small and medium-sized businesses

Corporations dealing with taxable goods or services

Tax professionals managing multiple clients

Occasional filers needing a simple and accurate solution

Key Benefits of Using Excise720

Businesses trust Excise720 because it offers:

Fast and easy online filing

100% IRS-authorized e-filing system

Real-time status tracking

Transparent and affordable pricing

Reliable customer support

Final Thoughts

Quarterly excise tax filing doesn’t have to be complicated. By choosing a quarterly excise tax e-file solution like Excise720, businesses can streamline their tax process, reduce errors, and stay compliant with IRS requirements.

What is Form 720?

Form 720, Quarterly Federal Excise Tax Return is used by businesses to report and pay federal excise taxes on specific goods, services, and activities. These taxes apply to items such as fuel, air transportation, and certain manufacturer taxes. The form must be filed quarterly with the Internal Revenue Service (IRS), and payments can be made electronically through the Electronic Federal Tax Payment System (EFTPS).

When is Form 720 Due?

Form 720 is due quarterly, with the following deadlines each year:

April 30 (for the first quarter: January–March)

July 31 (for the second quarter: April–June)

October 31 (for the third quarter: July–September)

January 31 (for the fourth quarter: October–December)

The form must be filed by these dates to avoid penalties.

Who needs to file Form 720?

Form 720 must be filed by businesses that are responsible for paying federal excise taxes on specific goods and services. This includes manufacturers, retailers, airlines, and other businesses that produce, sell, or use taxable products and services. Depending on the type of excise tax owed, these businesses may be required to file the Quarterly Federal Excise Tax Return (Form 720) up to four times per year. Filing ensures compliance with IRS regulations and timely payment of excise taxes.

How much is the IRS penalty for not filing Form 720?

If Form 720 is not filed by the due date, the IRS may impose a penalty for late filing. This penalty is typically 5% of the unpaid excise tax for each month the return is late, up to a maximum of 25% of the total tax owed. Additionally, if the tax remains unpaid, interest charges may also apply, further increasing the amount due. To avoid penalties and interest, businesses should ensure they file Form 720 on time and pay any applicable excise taxes promptly.

How to pay Form 720?

Businesses can pay the excise taxes reported on Form 720 using either the traditional manual method or the electronic method. 

The manual method involves mailing a check or money order, along with a completed Form 720-V (Payment Voucher), to the IRS at the address specified in the form’s instructions.

February the month that adds an extra day to the calendar also brings the HVUT deadline closer. Efile vehicles used in January due by March 2nd.

Other services offered are Claim of Refund Form 8849 (schedules 1, 2, 3, 5, 6 and 8), The Quarterly Federal Excise Tax Form 720 and the preparation of IFTA (International Fuel Tax Agreement).

DEADLINE TODAY, January 31, 2020!

Form2290 due for vehicles first put into service in December 2019, Form720 for the 4th qtr of 2019 and FormIFTA for the 4th qtr of 2019.