As the end of October is approaching, it marks the end of time to report federal excise tax Form 720 for the third quarter to the IRS. The last date to report Form 720 for the third quarter of this tax year is October 31, 2023. So, we request all quarterly federal excise taxpayers to act soon and not miss the deadline. Otherwise, the IRS will charge penalties, late fees and interests on your tax dues if you miss the last date to report and pay your Form 720 tax returns. As the last date is just around the corner, e-filing Form 720 is the best option to prepare and pay Form 720 accurately to the IRS without any mishaps.

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