The D-Day to report and pay the 2nd Quarter Federal Excise Tax returns in IRS Tax Form 720. The last few hours to get it done with the IRS. Electronic filing is the best way to get it prepared and reported with the IRS. We can assure you that the returns will be processed by the IRS faster than any other mode of filing. Paper filing takes minimum of 3 weeks to get it processed by the IRS, where else the electronic filing for the efiling takes just 20 minutes for an update. At the worst case when IRS servers are busy processing thousands of returns you will get an update on the same day of filing.