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Repurchase of Corporate Stocks Excise
Tax - File Form 7208 with Efile720

The 1% IRS excise tax (Inflation Reduction Act) applies to U.S. corporations repurchasing their own stock. Corporations must comply with IRS excise tax filings annually with Q1 Form 720 (due Apr 30 following tax year).

Efile720 enables the electronic submission of annual Form 7208 with Q1 Form 720 to make it simple to send and receive taxable stock repurchase information and the associated taxes without the complexity of manual IRS paperwork.

E-File Form 720

Who Must File Form 7208?

Corporations are required to file Form 7208 when:

  • They repurchased their own stock during
    the tax year
  • Their repurchases exceed $1M de minimis or don't qualify for pension/contribution exclusions

Why Use Efile720 to File Form 7208?

Secure IRS-Authorized E-Filing

Efile720 is an IRS-authorized e-file provider that allows businesses to file annually (with Q1 Form 720). Companies that file their excise tax electronically using Efile720 receive clear instructions to avoid many errors associated with using paper forms.

Reduced Filing Errors

Built-in validations help ensure that the data entered for Form 7208 aligns with IRS requirements, reducing the likelihood of processing delays or IRS notices.

Faster Processing & Compliance

Electronic filing accelerates IRS acceptance and provides instant confirmation that Form 720 and Form 7208 have been received. This meets annual Q1 deadlines and avoids penalties.

Centralized Tax Management

You can manage all your annual excise filings by using a single, secure dashboard at Efile720. Efile720 keeps all filing history and documentation for future audits readily available.

How It Works

01

Enter Business Information

Provide corporate details, including EIN and contact information.

02

Input Repurchase Transaction Data

Enter the stock repurchase figures, exclusions, and adjustments required for Form 7208.

03

Review Calculated Tax

Verify the automatically calculated excise tax amount.

04

Submit Electronically

Efile720 transmits Form 720 and Form 7208 to the IRS securely.

05

Receive Filing Confirmation

Obtain an electronic acknowledgment confirming the IRS receipt of your filing.

Note: 2026 Deadline - Apr 30, 2026 (Q1 Form 720 for 2025 repurchases)

Start Filing Now

Ensure your Repurchase of Corporate Stocks excise tax obligations are met efficiently and accurately.

File Form 7208 online with Efile720 - fast, secure, and IRS-authorized for annual compliance.
Start E-Filing

Frequently Asked Questions

The IRS Form 7208 allows businesses to report the details of their Stock Repurchases and calculate the Taxes they may owe resulting from their Stock Repurchases.

Corporations that engage in Stock Repurchase Activity during the year are required to report their ex-Manufacturing Excise Tax (i.e., stock repurchase excise tax) through filing Form 7208 with the IRS.

Yes. Efile720 supports the electronic submission of Form 720 and required attachments, including Form 7208, directly to the IRS.

If an annual Form 7208 deadline is missed, you may have to pay IRS interest and penalties for non-compliance. Using Efile720 allows you to file on time, therefore avoiding any problems with filing compliance with the IRS.

Form 7208 filed electronically is more accurate than paper submissions, which is an advantage of using an IRS-authorized e-file provider (such as Efile720) to file electronic Form 7208.