Form 720-X - Amended Quarterly Federal Excise Tax Return

ICR 202102-1545-032

OMB: 1545-1759

Federal Form Document

Forms and Documents
Form and Instruction
Supporting Statement A
IC Document Collections
ICR Details
1545-1759 202102-1545-032
Received in OIRA 201801-1545-009
TREAS/IRS Treasury Review
Form 720-X - Amended Quarterly Federal Excise Tax Return
Extension without change of a currently approved collection   No
Regular 04/30/2021
  Requested Previously Approved
36 Months From Approved 04/30/2021
22,000 22,000
152,460 152,460
0 0

Form 720X is used to make adjustments to correct tax liabilities on Form 720 filed for previous quarters. It can be filed by itself or it can be attached to any subsequent Form 720. Code section 6416(f) allows taxpayers to take a credit on a subsequent return rather than filing a refund claim. Creation of Form 720X is the result of a project to provide a uniform standard for trust fund accounting.

US Code: 26 USC 6416 Name of Law: Certain taxes on sales and services

Not associated with rulemaking

  85 FR 81286 12/15/2020
86 FR 22784 04/29/2021

IC Title Form No. Form Name
Form 720-X - Amended Quarterly Federal Excise Tax Return 720X Amended Quarterly Federal Excise Tax Return

  Total Request Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 22,000 22,000 0 0 0 0
Annual Time Burden (Hours) 152,460 152,460 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0

Michael Cyrus 202 927-9545


On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

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