Form 720

Use a Fillable Form 720 template to make your document workflow more streamlined.

What Form 720 is and does

Form 720 is the IRS Quarterly Federal Excise Tax Return used by businesses that owe federal excise taxes on covered goods, services, or activities. A filer reports liability on the applicable Form 720 schedules, calculates the amount due, and submits the return and payment through the required IRS process. The form is organized around quarterly reporting, so the responsible business should identify taxable activities, preserve supporting records, and confirm current IRS instructions before completing each period. signNow can prepare, route, sign, and retain an electronic Form 720 record, but it does not replace IRS filing or payment procedures.

Who benefits from Form 720 workflows

Form 720 workflows are useful when quarterly excise-tax preparation involves multiple reviewers, authorized signers, and retained supporting records.

A fuel distributor uses Form 720 workflows to route quarterly excise-tax records, capture an authorized signature, and retain the completed return with its supporting documentation.
A communications provider prepares the applicable Form 720 schedule, assigns review responsibilities, and preserves signed evidence before completing the separate IRS filing process.
A larger enterprise tax department uses reusable Form 720 templates, delegated sending, and audit trails to coordinate quarterly returns across subsidiaries and controlled business units.

How the Form 720 workflow works

Form 720 moves from document preparation to authorization, signature, and evidence retention in four controlled stages.

Upload: Upload the IRS form
Prepare: Detect and place fields
Send: Route to authorized signer
Retain: Store signed evidence

Prepare and sign Form 720

Use this workflow to prepare the quarterly return, obtain internal authorization, and preserve evidence before completing the IRS filing process.

Upload Form 720:
Upload the current Form 720 PDF to signNow.
Check fillable fields:
Review detected fields and add missing tax fields.
Assign responsibilities:
Assign the authorized preparer and signer roles.
Send for signature:
Send the prepared return for electronic signature.
Store evidence:
Download the completed record and audit trail.

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Signer authentication:

Confirm the authorized signer identity and assigned Form 720 role.

Timestamp capture:

Record signing and review events with exact timestamps.

Document hashing:

Associate the completed document with its recorded hash.

Tamper sealing:

Apply tamper-evident completion evidence to the signed record.

History retention:

Preserve signer actions, access events, and document history.

Audit export:

Retrieve or export the Form 720 audit trail.

Complete Form 720 on mobile devices

Form 720 preparation can begin in signNow on supported iOS and Android devices, with mobile tools for reviewing and signing uploaded documents.

iOS app iOS 16 and later; signNow mobile app
Android app Android 11 and later; signNow app
Camera capture Camera capture for supporting tax documents

Mobile signing helps tax teams review Form 720 away from the office, while camera capture can add supporting records. Confirm the completed return, payment details, and IRS submission method separately before filing.

Protect Form 720 records

Transport encryption:

TLS 1.2/1.3 in transit

Stored data:

AES-256 at rest

Security reporting:

SOC 2 Type II certified

Information security:

ISO 27001 certified

Electronic signatures:

ESIGN and UETA compliant

Regulated workflows:

HIPAA compliant with BAA

Risks of errors on Form 720

Late filing

IRS filing delay

Underpayment

Accrued excise tax interest

Wrong tax liability

Incorrect schedule reporting

Disputed authorization

Weak signature evidence

Prepare the return

Use the current IRS form and instructions for the reporting quarter.

Deliver to signers

Route Form 720 to the designated reviewer and authorized signer.

Obtain authorization

Complete review and signing before the applicable IRS filing deadline.

Archive the record

Export the signed return, audit trail, and supporting records.

Retain Form 720 records carefully

Accurate quarterly filing, complete evidence, and a documented retention policy help keep Form 720 records usable after signing.

Verify the applicable IRS schedule

Use the current IRS Form 720 instructions for the quarter, identify the applicable excise-tax schedule, and verify the liability calculation before routing the document for signature. A signing platform cannot validate tax classification or amounts owed.

Export the signed return and audit trail

Export the completed Form 720 and signNow audit trail together after signing. Preserve both records with supporting calculations, source invoices, and payment evidence so the quarterly return can be reconstructed if reviewed.

Set retention from the tax record

Apply a retention policy based on the underlying tax record rather than assuming one universal period. IRC §6501(a) generally provides three years from filing, six years for a 25% income understatement, and indefinite periods for fraud or no return.

Restrict access to tax records

Limit Form 720 access to tax preparers, reviewers, authorized signers, and records administrators. Use role-based permissions, two-factor authentication where appropriate, and an archival location with controlled retrieval.

Features	signNow	DocuSign	Adobe Sign	PandaDoc	Dropbox Sign
Annual starting price	$8/user/month, Business plan	Not verified	Not verified	Not verified	Not verified
Free trial	7 days, no credit card	Not verified	Not verified	Not verified	Not verified
Bulk send availability	Business Premium includes bulk send	Not verified	Not verified	Not verified	Not verified
Audit trail availability	Included with Business plan	Not verified	Not verified	Not verified	Not verified

Manage Form 720 teams

Administrators can create shared Form 720 templates with assigned fields, signer roles, and review instructions, reducing repeated setup for quarterly returns without changing the underlying IRS form.
Delegated senders can route a prepared Form 720 to an authorized signer while administrators retain control over templates, access permissions, completed records, and audit-trail retrieval.

Avoid Form 720 preparation errors

Selecting the wrong Form 720 schedule can produce an incorrect excise-tax liability even when every signature field is completed.
A completed signNow document does not by itself submit Form 720 or its payment to the IRS filing system.
Quarterly preparation can stall when the authorized signer, tax reviewer, and person submitting the return are not assigned clearly.
Using an outdated Form 720 version can omit revised instructions, schedules, or reporting fields required for the relevant quarter.

Troubleshoot Form 720 workflows

Resolve signing, authentication, audit-trail, pricing, and IRS-process questions before treating a Form 720 record as complete.

Business includes legally binding eSignatures, audit trails, templates, and mobile apps. Use it to route a prepared Form 720, but complete IRS submission separately through the required tax process.

Business Premium adds bulk send, which can help distribute the same Form 720 workflow across multiple authorized recipients. It does not change the IRS filing rules or create an IRS submission connection.

A signNow audit trail records signing activity, timestamps, and document history. Preserve the completed PDF and exported audit evidence with the Form 720 records required by your tax-record policy.

signNow lists ESIGN and UETA compliance for its electronic-signature service. The responsible filer must still confirm whether the IRS instructions require a particular signature, filing channel, or supporting documentation.

Use two-factor authentication or SMS one-time passwords when stronger signer attribution is needed. Authentication evidence supports the record but does not correct an incorrect excise-tax schedule or liability calculation.

The Business plan is listed at $8 per user per month when billed annually, with a seven-day free trial and no credit card required. Month-to-month pricing is higher.

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