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720 Excise Tax Form

Use the 720 Excise Tax Form 2017 template to simplify high-volume document management.

What the 720 Excise Tax Form does

The 720 Excise Tax Form is the IRS return businesses use to report and pay federal excise taxes on specified goods, services, and activities. A filer enters identifying information, reports liability by applicable excise-tax sections and schedules, calculates total tax, and signs the return before submission. signNow can help prepare a fillable copy, route it for authorized review and signature, and preserve the signed PDF with an audit trail. The platform does not determine tax liability or replace IRS filing instructions, professional advice, or required payment procedures.

Who benefits from Form 720 workflows

Form 720 is most useful where excise-tax data requires coordinated preparation, review, signature, and controlled recordkeeping before IRS submission.

  • A financial-services tax department can use Form 720 workflows to collect internal approvals, organize excise-tax data, and preserve completed records before filing with the IRS.
  • A manufacturer with taxable fuel, environmental, or communications obligations can route Form 720 review through designated staff, reducing transcription between schedules and the final return.
  • An enterprise tax operations team can standardize recurring Form 720 preparation with controlled templates, delegated sending, and searchable audit records across business units.

These tasks are executed by both individual contributors and centralized administrators depending on organizational policy and required controls.

Features that support Form 720 preparation

signNow organizes the preparation, review, signature, and evidence trail around Form 720 without calculating the filer’s excise-tax liability.

Field detection

Upload a Form 720 PDF and use signNow’s field detection to identify fillable areas, then check each schedule and tax amount against the IRS instructions before routing it.

Role assignment

Assign Form 720 review and signature fields to the authorized preparer or officer, keeping responsibility for tax positions with the filing business.

Remote review

Send the completed draft to designated reviewers by email or signing link without requiring every participant to maintain the same workflow.

Audit trail

Capture signer actions, timestamps, and document history so the business can show how its Form 720 record moved from preparation to approval.

Reusable template

Use templates for recurring Form 720 preparation while updating reporting periods, schedules, amounts, and responsible signers before every new return.

Record storage

Keep the signed Form 720 PDF and completion record together in a controlled repository connected through supported storage integrations.

How Form 720 works in signNow

The workflow handles document preparation and evidence capture; the filer remains responsible for accurate tax reporting and IRS submission.

  • Upload form: Upload the current Form 720 PDF and confirm its reporting period.
  • Prepare fields: Review detected fields and add missing tax, date, and signature fields.
  • Route review: Assign authorized reviewers and send the return for electronic signature.
  • Store evidence: Download the signed PDF and retain its audit trail with filing records.

What the Form 720 audit trail records

The audit trail documents how the Form 720 file was handled, complementing the tax records that substantiate the reported liability.

01

Authenticate signer:

Records the signer identity and authentication event.
02

Capture timestamp:

Captures the exact time of each signing action.
03

Preserve document:

Maintains the signed document’s recorded content.
04

Seal history:

Applies tamper-evident completion evidence to the workflow.
05

Track actions:

Logs field completion, review, and signing events.
06

Export audit trail:

Allows authorized users to retrieve or export evidence.
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Recommended Form 720 workflow setup

Use a controlled preparation and signing configuration that separates tax review from electronic document handling and preserves filing evidence.

Form 720 settingRecommended configuration
Authentication methodEmail verification with SMS OTP
Signature typeElectronic signature with signer intent
Audit trailRetain completion certificate and action history
Document retention3 years from filing (IRC §6501(a))
EncryptionAES-256 at rest and TLS 1.2/1.3 in transit

Connect Form 720 workflows to business systems

Salesforce, NetSuite, Microsoft 365, Google Drive, and Procore can connect Form 720 preparation with existing tax, finance, document, and project workflows.

Salesforce
Procore
Zapier
Microsoft Teams
Hub spot
Box
Microsoft

Find and fill out the correct 637 tax 2017 2019 form

airSlate SignNow helps you fill in and sign documents in minutes, error-free. Choose the correct version of the editable PDF form from the list and get started filling it out.

VersionsForm popularityFillable & printable
IRS 637 20174.8 Satisfied (8143 Votes)

Platform requirements for Form 720

Form 720 preparation can be completed through signNow in Chrome, Firefox, Safari, or Edge on Windows and macOS. signNow mobile apps for iOS and Android support reviewing and signing; TLS protects data in transit.

  • Browsers Chrome, Firefox, Safari, and Edge
  • Desktop systems Windows and macOS desktop access
  • Mobile systems iOS and Android mobile apps

Organizations should manage access through approved devices and account controls. Teams using APIs, SSO provisioning, or regulated workflows should confirm the required signNow plan and configure retention, authentication, and certificate settings before sending Form 720.

Security for Form 720 records

Stored data:

AES-256 at rest

Transport security:

TLS 1.2/1.3 in transit

Independent assurance:

SOC 2 Type II certified

Security management:

ISO 27001 certified

Electronic signatures:

ESIGN and UETA compliant

Signing evidence:

Audit trail with timestamps

Form 720 preparation challenges

  • Copying liability from an earlier reporting period can place incorrect excise-tax amounts on the current Form 720.
  • Leaving the reporting period or applicable schedule unchecked can make an otherwise signed Form 720 difficult to review.
  • Sending a completed return without recording authorized approval can weaken internal evidence supporting the filed tax position.
  • Storing the signed form separately from its audit trail can complicate retrieval during an IRS examination.

Recordkeeping practices for Form 720

Accurate Form 720 records require tax review, documented approval, and retrievable evidence rather than electronic signature alone.

Verify every Form 720 schedule

Use the IRS instructions to identify the reporting period, applicable excise-tax schedules, and required amounts before uploading Form 720. Treat signNow field detection as a document-preparation aid, not as tax guidance, and require a qualified reviewer to verify every reported figure.

Export the signed return and audit trail

Export the signed Form 720 PDF together with its signNow audit trail, then link both records to the filing period and payment evidence. This preserves the document, signer history, and supporting context in one controlled tax file.

Apply the IRS retention period

Retain Form 720 records for at least three years from filing under IRC §6501(a), extending the period to six years when more than 25% of gross income is omitted. Apply a longer documented policy when another obligation controls.

Protect and test archived records

Restrict access to Form 720 records according to tax-team responsibilities, protect stored copies with approved encryption, and test retrieval before an examination or internal review requires the signed return.

Legal standing of signed Form 720 records

A signed Form 720 record can be retained electronically when the signer shows intent, consents where required, and the record remains attributable and reproducible under ESIGN, 15 U.S.C. ch. 96, and applicable state law such as UETA. These rules do not replace IRS filing instructions or cover excluded documents such as wills and court orders.

Why teams look for DocuSign alternatives

Pricing and feature comparison

signNow pricing and features below use verified plan information; competitor values are marked Not verified where the available source does not confirm them.

FeaturessignNowDocuSignAdobe SignPandaDoc
Annual starting price$8/user/monthNot verifiedNot verifiedNot verified
Free trial availability7 daysNot verifiedNot verifiedNot verified
Form 720 audit trailAvailableNot verifiedNot verifiedNot verified
Bulk send availabilityBusiness PremiumNot verifiedNot verifiedNot verified

Form 720 signing and troubleshooting

These answers separate signNow document handling from the filer’s responsibility for accurate IRS reporting, payment, and submission.

signNow’s Business plan includes templates, audit trails, mobile apps, and legally binding eSignatures. Confirm that the uploaded Form 720 contains the required IRS fields; signNow does not calculate excise-tax liability or validate schedules.

Yes. Upload the Form 720 PDF, review detected fields, add fields for any missing reporting-period or signature information, and test the completed document before sending. Field detection organizes the PDF but does not establish which schedules apply.

The Business plan is listed at $8 per user per month with annual billing. It includes 100 signature invites per user per year, with overage fees. Business Premium adds bulk send; confirm plan limits before recurring Form 720 campaigns.

ESIGN and UETA provide the legal framework for electronic signatures when intent, consent, attribution, and record retention are demonstrated. For a consumer-facing transaction, review the ESIGN consumer-disclosure requirements in 15 U.S.C. §7001(c).

Retain the signed Form 720 and completion evidence with the tax file. The IRS limitation period is generally three years from filing under IRC §6501(a), with six years applying when more than 25% of gross income is omitted.

Use signNow’s audit trail to retrieve signer actions, timestamps, and document history. Download the completed PDF and its audit evidence together, then follow the business’s IRS record-retention and access-control policy.

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