Form 720X Amended Quarterly Federal Excise Tax Return

720X

Form

Amended Quarterly Federal Excise Tax Return

(Rev. April 2007)
Department of the Treasury
Internal Revenue Service

Type
or
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OMB No. 1545-1759

Use to correct a previously filed Form 720.

Name (as shown on Form 720)

Employer identification number (EIN)

Number, street, and room or suite no.

Telephone number (optional)

(

)

City or town, state, and ZIP code

1

Adjustments to Liability Reported on Previously Filed Forms 720
(a)
Quarter
ending

2

(c)
Tax

(d)
Tax as originally reported
on Form 720 or as
previously adjusted

(e)
Adjusted tax

(f)
Change
(decrease) or increase

Adjustments to Schedule C (Form 720) (see instructions for allowable adjustments)
(a)
Quarter
ending

3

(b)
IRS No.

(b)
CRN

(c)
Credit

(d)
Credit as originally
reported on Form 720 or
as previously adjusted

(e)
Adjusted credit

(f)
Change
(decrease) or increase

Statement in Support of Adjustment. For tax decreases only, indicate below the statement that applies to the adjustment.
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, 64, 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.
*IRS Nos. 61 and 101 can only be adjusted for periods ending before October 1, 2006.

4

5

Total adjustments. Combine all amounts in column (f) for lines 1 and 2 and enter the amount
4
here
If the result is an increase, this is a balance due and must be paid with this return. Enclose a check or money order with
Form 720X and make it payable to the “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 a decrease, this is an overpayment. Enter the amount in parentheses and complete lines 5 and 6.

Check if you want the overpayment:
Refunded to you.
a
Applied to your next Form 720. Enter quarter ending date.
b
See Form 720 for how to apply your overpayment.

For Paperwork Reduction Act Notice, see Form 720 instructions.

©

Cat. No. 32661B

Form

720X

(Rev. 4-2007)

Form 720X (Rev. 4-2007)

6

Page

2

Explanation of adjustments. See the instructions for line 6 for requirements. Attach additional sheets with your name and
EIN if more space is needed.

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge
and belief, it is true, correct, and complete.

Sign
Here

©

Signature

Date

Title

Type or print name below signature.

What’s New

When To File

Line 2 has been revised. In addition to the section 4051(d) tire credit,
use line 2 for certain section 6426 credits. See Line 2 for details.

Generally, adjustments that decrease your tax liability for a prior
quarter must be made within 3 years from the time the return was filed
or 2 years from the time the tax was paid, whichever is later.

General Instructions

Where To File

Section references are to the Internal Revenue Code unless otherwise
noted.

If you are filing Form 720X separately, send Form 720X to the Internal
Revenue Service Center, Cincinnati, OH 45999-0009. Otherwise,
attach Form 720X to your next Form 720.

Purpose of Form
Use Form 720X to make adjustments to liability reported on Forms
720 you have filed for previous quarters. Do not use Form 720X to
make changes to claims made on Schedule C (Form 720), except for
the section 4051(d) tire credit and section 6426 credits.
Caution. You must include in gross income (income tax return) any
overpayment from line 4 of Form 720X if you took a deduction on the
income tax return that included the amount of the taxes and that
deduction reduced the income tax liability. See Publication 510 for
more information.

Specific Instructions
Line 1
Report each adjustment separately on line 1. You can use line 6 for
your explanation or you can attach additional sheets with your name
and EIN as needed.
Communications excise tax, toll telephone service. Collectors
stopped collecting and paying over the tax on nontaxable service
billed after July 31, 2006. See Pub. 510 for the definition of nontaxable
service. Collectors using the regular method for deposits must use

Form 720X (Rev. 4-2007)

Page

Form 720X to claim a credit or refund for nontaxable service if the
collector has repaid the tax to the person from whom the tax was
collected, or obtained the consent of that person to the allowance of
the credit or refund. The refund period is for nontaxable service that
was billed after February 28, 2003, and before August 1, 2006.
Collectors using the alternative method for deposits must adjust their
separate accounts. For more information, see the Instructions for
Form 720, Notice 2006-50, and Notice 2007-11. You can find Notice
2006-50 on page 1141 of Internal Revenue Bulletin 2006-25 at
www.irs.gov/pub/irs-irbs/irb06-25.pdf. You can find Notice 2007-11
on page 405 of Internal Revenue Bulletin 2007-5 at
www.irs.gov/pub/irs-irbs/irb07-05.pdf.
The above paragraph applies to nontaxable service billed to
customers of the collector. All Form 720 taxpayers, including
collectors, must request a credit or refund on their 2006 federal
income tax return for nontaxable service paid by the taxpayer.
Column (a). Enter the quarter ending date of the Form 720 you are
amending. If you are amending more than one quarter, make sure
each quarter is clearly identified. Enter the date in the MMDDYYYY
format. For example, if you are adjusting the first quarter return for
2007, enter “03312007.”
Column (d). Enter the tax amount for the IRS No. entered in column
(b) as originally reported on Form 720 or as later adjusted by you or
the IRS.
Column (e). Enter the adjusted tax liability that should have been
reported for the IRS No. in column (b).
Column (f). If column (e) is greater than column (d), subtract column
(d) from column (e). This is an increase. If column (d) is greater than
column (e), subtract column (e) from column (d). This is a decrease.
Show the decrease in parentheses.

Line 2
4051(d) tire credit. You must use line 2 to report any adjustment to
the section 4051(d) tire credit for a prior quarter. For example, if you
report an additional taxable vehicle on line 1 for IRS No. 33, the
applicable tire credit is reported on line 2. Enter CRN 366 in column
2(b). See the Instructions for Form 720 for more information on the tire
credit.
6426 credits. You must use line 2 to report any adjustment to section
6426 credits, if (a) you are reporting a change to certain taxable fuel
liability (section 4081 liability in the case of mixtures or section 4041
liability in the case of alternative fuel) on line 1, or (b) you were unable
to claim the credits against the section 4041 or 4081 liability on a prior
Form 720 because you were not registered. Section 6426 credits
include the alcohol fuel mixture credit, the biodiesel or renewable
diesel mixture credit, the alternative fuel credit, and the alternative fuel
mixture credit. Use a separate line for each adjustment. Enter the CRN
from the table below in column 2(b). You must also complete line 6.

Credit

CRN

Credit Rate

Alcohol fuel mixture credit
Alcohol fuel mixtures containing ethanol
Alcohol fuel mixtures containing alcohol
(other than ethanol)
Biodiesel or renewable diesel mixture credit
Biodiesel (other than agri-biodiesel)
mixtures
Agri-biodiesel mixtures
Renewable diesel mixtures

393
394

$ .51
.60

388

.50

390
307

1.00
1.00

Alternative fuel credit and alternative fuel mixture credit
426
Liquefied petroleum gas (LPG)

Line 3a
Collectors using the alternative method for deposits must adjust their
separate accounts for any credits or refunds made to customers of
the collector. Form 720X cannot be used for this purpose. For more
information, see Alternative method in the Instructions for Form 720.

Line 5
If you want your overpayment refunded to you, check the box for
line 5a.
If you want your overpayment applied to your next Form 720, check
the box for line 5b and enter the quarter ending date of your next
Form 720. You can file Form 720X separately or you can attach it to
your next Form 720.
Caution. If you checked the box on line 5b, be sure to include the
overpayment amount on lines 6 and 7 on your next Form 720. See
Form 720 for details. If you owe other federal tax, interest, or penalty,
the overpayment will first be applied to the unpaid amounts.

Line 6
You can use line 6 for your explanation or you can attach additional
sheets with your name and EIN as needed.
Adjustments on line 1. For each adjustment, you must include a
detailed description of the adjustment and the computation of the
amount.
Adjustments on line 2. Any section 6426 credits must first be applied
against your section 4041 or 4081 liability. To make an adjustment,
you must follow the instructions for lines 12, 13, and 14 in the
Instructions for Form 720. For each adjustment you must attach a
detailed explanation of the adjustment, including your registration
number, and the computation of the amount. Your computation must
include the number of gallons (or gasoline gallon equivalents for
compressed natural gas) and credit rate (as shown above). You must
include any information that is requested in the Instructions for Form
720, lines 12, 13, and 14. For example, the Certificate for Biodiesel
and, if applicable, Statement of Biodiesel Reseller must be attached to
Form 720X if it is the first claim filed that is supported by the
certificate or statement. See the Instructions for Form 720 for more
information.
Certifications. On line 6 or a separate sheet of paper, you must
include the applicable statement shown below.
Alcohol fuel mixture credit. Claimant produced an alcohol fuel
mixture by mixing taxable fuel with alcohol. The alcohol fuel mixture
was sold by the claimant to any person for use as a fuel or was used
as a fuel by the claimant.
Biodiesel or renewable diesel mixture credit. Claimant produced
a mixture by mixing diesel fuel with biodiesel or renewable diesel. The
biodiesel used to produce the biodiesel mixture must meet ASTM
D6751 and be registered with the EPA as a fuel and fuel additive
under section 211 of the Clean Air Act. The mixture was sold by the
claimant to any person for use as a fuel or was used as a fuel by the
claimant. For biodiesel, claimant has attached the Certificate for
Biodiesel and, if applicable, the Statement of Biodiesel Reseller.
Alternative fuel mixture credit. Claimant produced a mixture by
mixing taxable fuel with alternative fuel. Claimant certifies that it (a)
produced the alternative fuel mixture, or (b) has in its possession the
name, address, and EIN of the person(s) that sold the alternative fuel
to the claimant; the date of purchase; and an invoice or other
documentation identifying the amount of the alternative fuel. The
alternative fuel mixture was sold by the claimant to any person for use
as a fuel or was used as a fuel by the claimant.

Signature
.50

Compressed natural gas (CNG)

427
428

.50
.50

Liquefied hydrogen

429

.50

Any liquid fuel derived from coal (including
peat) through the Fischer-Tropsch process

430

.50

Liquid hydrocarbons derived from biomass
Liquefied natural gas (LNG)

431
432

.50
.50

“P Series” fuels

3

Form 720X must be signed by a person authorized by the entity to
sign this return. You must sign Form 720X even if it is filed with Form
720 to apply an overpayment.