Paper excise tax forms are taking longer to process. This includes Forms 720, 2290, 8849, and faxed requests for expedited copies of Form 2290 Schedule 1. Don't file a second return.
For faster processing, electronically file Forms 720, 2290 and 8849.
Excise taxes are taxes imposed on certain goods, services, and activities. Taxpayers include importers, manufacturers, retailers, and consumers, and vary depending on the specific tax. Excise taxes may be imposed at the time of:
The Inflation Reduction Act of 2022 created a new 1% excise tax on the repurchase of corporate stock by certain publicly traded corporations or their specified affiliates effective for repurchases after December 31, 2022. REG-118499-23 and REG-115710-22 provide definitions and special rules relating to the new excise tax. You can find additional details on how to file a return and pay the tax, including when stock repurchases may prompt liability for the excise tax, in the Form 7208 PDF instructions.
The Inflation Reduction Act of 2022 (Public Law 117-169, 136 Stat. 1818) made permanent higher tax rates under section 4121 of the Internal Revenue Code. That provision funds the Black Lung Disability Trust Fund. Producers of coal in the United States are liable for the excise tax imposed on the first sale or use of coal.
The Inflation Reduction Act of 2022 extended several fuel tax credits through December 31, 2024.
Internal Revenue Code section 4611(b) imposes a tax on certain domestic crude oil exports. As a result of a recent court case and the IRS' acquiescence in the court’s decision, the section 4611(b) tax no longer applies to crude oil exports.
The Inflation Reduction Act of 2022 reinstates the Hazardous Substance Superfund financing rate, effective January 1, 2023.
The Inflation Reduction Act of 2022 created the sustainable aviation fuel (SAF) credit. The credit applies to certain fuel mixtures that contain sustainable aviation fuel sold or used after December 31, 2022, and before January 1, 2025.
The Infrastructure Investment and Jobs Act (Public Law 117-58, 135 Stat. 429) reinstated the excise taxes on certain chemicals and chemical substances, with certain modifications, effective July 1, 2022. The taxes had previously expired in 1995.
If you want to engage in or receive benefits from many activities subject to federal excise tax, you must be registered with us first.
To report your excise tax liability, you must:
Highway use tax is imposed on the use of any highway motor vehicle that, together with the semitrailer or trailer customarily used with such a vehicle, has a taxable gross weight of 55,000 pounds or more. The person in whose name the highway motor vehicle is registered, or is required to be registered, under the law of the registering state (or contiguous foreign country) must file Form 2290, Heavy Highway Vehicle Use Tax Return and pay the tax. See When to File Form 2290 for more details about filing deadlines.
There are excise taxes imposed on accepting certain wagers and for being in the business of accepting wagers for yourself or on behalf of somebody else. Information on the wagering and occupational taxes may be found in the instructions for Form 730 and Form 11-C.
Claims may be filed for credits or refunds relating to certain excise taxes and activities. To claim a credit or refund complete Form 8849, Claim for Refund of Excise Taxes. For more information see Publication 510, Excise Taxes.
ExSTARS is a fuel reporting system developed with the cooperation of the IRS, Department of Transportation, state governments, and the motor fuel industry, which details the movement of any product into or out of an IRS approved terminal. A facility control number (FCN) designates a storage location within the motor fuel, renewable fuel production or the bulk transfer / terminal system. Information regarding the use of FCNs was made public by an announcement in the Federal Register on April 12, 2010.