Tax Form 720x Fill in and Calculate Online

Form 720x: Amended Quarterly Federal Excise Tax Return

Use Tax Form 720x: Amended Quarterly Federal Excise Tax Return as a stand alone tax form calculator to quickly calculate specific amounts for your 2024 tax return. Alternatively you can use one of our Combined Federal and State Tax Estimator to quickly calculate your salary, tax and take home pay.

Amended Quarterly Federal Excise Tax Return
1	Adjustments to Liability Reported on Previously Filed Forms 720
(a) Quarter ending		(b) IRS No.	(c) Tax	(d) Tax as originally reported on Form 720 or as previously adjusted	(e) Adjusted tax	(f) Change (subtract col. (d) from col. (e))





2	Adjustments to Schedule C (Form 720) (see instructions for allowable adjustments)
(a) Quarter ending		(b) CRN No.	(c) Credit	(d) Credit as originally reported on Form 720 or as previously adjusted	(e) Adjusted credit	(f) Change (subtract col. (e) from col. (d))





3	Adjustments to Liability Reported on Previously Filed Forms 720
a	For IRS Nos. 22, 26, 28, or 27, only collectors using the regular method for deposits check the box below. The claimant has repaid the amount of the tax to the person from whom it was collected or has obtained the consent of that person to the allowance of the adjustment.
b	For all other IRS Nos. except for 18, 21, 98, 19, 29, 31, 30, 133, 64, 125, 51, 117, and 20, or if the tax was based on use for 71, 79, 112, 118, 120–124, 61, and 101, check the box below. The claimant has not included the tax in the price of the article and has not collected the tax from the purchaser, has repaid the tax to the ultimate purchaser, or has attached the written consent of the ultimate purchaser to the allowance of the adjustment.
Caution. IRS No. 71 can only be adjusted for periods ending before January 1, 2008. IRS Nos. 61 and 101 can only be adjusted for periods ending before October 1, 2006.
4	Total adjustments. Combine all amounts in column (f) for lines 1 and 2 and enter the amount here					4
	If the result is a balance due, pay the amount with this return. Enclose a check or money order with Form 720X and make it payable to “United States Treasury.” Write on the check or money order: “Form 720X,” your name, address, EIN, and the date Form 720X was signed. Complete line 6 on page 2. If the result is an overpayment, complete lines 5 and 6.
5	Check if you want the overpayment:
a	Refunded to you.
b	Applied to your next Form 720. Enter quarter ending date. ▸ See Form 720 for how to apply your overpayment.
6	Explanation of adjustments. See the instructions for line 6 for requirements. Attach additional sheets with your name and EIN if more space is needed.

Credit					CRN	Credit Rate
Alcohol fuel mixture credit*
Alcohol fuel mixtures containing ethanol*					393	0.45
Alcohol fuel mixtures containing alcohol (other than ethanol)*					394	0.6
Biodiesel or renewable diesel mixture credit
Biodiesel (other than agri-biodiesel) mixtures					388	1
Agri-biodiesel mixtures					390	1
Renewable diesel mixtures					307	1
Alternative fuel credit and alternative fuel mixture credit
Liquefied petroleum gas (LPG)					426	0.5
“P Series” fuels					427	0.5
Compressed natural gas (CNG)					428	0.5
Liquefied hydrogen					429	0.5
Any liquid fuel derived from coal (including peat) through the Fischer-Tropsch process					430	0.5
Liquid fuel derived from biomass					431	0.5
Liquefied natural gas (LNG)					432	0.5
Liquefied gas derived from biomass					436	0.5
Compressed gas derived from biomass					437	0.5

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