2020 Burden Summary

OMB #1545-0023
Form 720, Quarterly Federal Excise Tax Return
Summary of Burden
June 2020
Form 720

Respondents*

Paper
Electronic
Totals

#Responses Per
Respondent

Annual
Responses

178,000
2,000

1
1

178,000
2,000

180,000

1.00000

180,000

* Estimates obtained from Publication 6292 (Rev. 9-2019)

Reporting

3.13
2.25

Record-keeping

8.98
6.22

Hours Per
Response

TOTAL
REPORTING

TOTAL RECORDKEEPING

Total Annual
Burden

12.12
8.47

557,674
4,500

1,599,027
12,440

2,156,701
16,940

12.08

562,174

1,611,467

2,173,641