What to include on Form 720

There is an extensive list of goods and services that the federal government collects excise taxes on. Some of the more common products and services subject to the excise tax include a surcharge on indoor tanning, the gasoline you pump into your car, airline tickets and an array of coal products. Since the cost of the excise tax is usually included in the price, the seller or manufacturer is responsible for remitting these tax payments to the federal government and filing Form 720.

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