Form 720

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Form 720

A form a company files with the IRS on a quarterly basis to report its liability for federal excise taxes, especially those on gasoline and air travel. The return is due by the last day of April, July, October and January.
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Even though taxpayers file a 720 form every quarter and would pay the Cadillac plan tax once a year, the IRS could designate one quarterly 720 filing as the filing to be used for Cadillac plan excise tax payments, officials say.
The SPA 720 forms a magazine loop after overprinting, enabling labels to be applied at linear speeds of up to 30m/min or as many as 260 labels per minute.