efile720.com
efile720.com
Emailsupport@efile720.com
Support (628) 267-4400 (Monday - Friday 5:00 am to 7:00 pm PST)

Sport Fishing Equipment Tax - File IRS Form 720 Online With Efile720

The Sport Fishing Equipment Tax is an excise tax filed by manufacturers, producers, and importers of qualifying sport fishing equipment at the first sale. It is a federal excise tax imposed by the United States Government under
Internal Revenue Code (IRC) section 4161(a).

The Sport Fishing Equipment Tax is calculated as a percentage of the sale price of qualifying sport fishing products.

Efile720 provides a streamlined, IRS-compliant way to file and pay taxes associated with Quarterly tax filings promptly.

E-File Form 720

Sport Fishing Equipment Tax - Compliance Overview

Tax Type

Federal Excise Tax

Filed Via

IRS Form 720 (Quarterly Federal Excise Tax Return)

Filing Frequency

Quarterly

Who Must File

Manufacturers, producers, and importers

Tax Trigger

First domestic sale by manufacturer/importer in the U.S.

The tax applies at the manufacturer or importer level and is not collected from retail consumers.

IRS Tax Code References - Sport Fishing Equipment

IRS No. 41

Sport Fishing Equipment (Other Than Rods
and Poles)

Applies to items such as fishing reels, artificial lures, baits, flies, and similar tackle.

IRS No. 42

Fishing Rods and Poles

Applies specifically to fishing rods and poles, subject to statutory limitations.

These codes are reported under Form 720, Schedule A

Efile720 has automated processes to apply the correct IRS Tax code based on the product category chosen to report and pay your excise taxes.

Purpose of the Fishing Equipment Tax

Tax revenue collected under the Excise Tax categories of IRS Nos. 41 and 42 are paid into the
Sport Fish Restoration & Boating Trust Fund. This fund provides financial support to:

  • Fisheries Conservation
  • Aquatic Habitat Restoration
  • Public Boating Access
  • State Wildlife & Fisheries Management Initiatives

Sport Fishing Equipment Tax Deadlines

Quarter Reporting Period Due Date
Q1 January – March April 30
Q2 April – June July 31
Q3 July – September October 31
Q4 October – December January 31

Why Use Efile720 for Fishing Equipment Tax Filing?

Efile720 is built exclusively for Form 720 excise tax compliance, eliminating unnecessary steps found in generic tax software.

  • Electronic filing for IRS Form 720
  • Automatic tax calculations aligned with IRS rules
  • Built-in validation for IRS Nos. 41 and 42
  • Secure submission with IRS acknowledgment
  • Centralized storage of filed returns

Applicant Advantages With Efile720

Accelerated Filing Process

Faster Processing than Paper Filing

Error-Free Code Validation

Reduced the possibility of IRS Rejection due to Incorrect Code(s)

Quarterly Compliance Tracking

Quarterly Compliance Tracking Made Easy

Simplified Multi-Excise Reporting

Multiple Excise Reporting Process Simplified

Centralized Audit-Ready Records

Audit Ready Records Kept In One System

Start Filing Sport Fishing Equipment
Tax With Efile720

Meet your federal excise tax obligations with confidence.

E-file your Sport Fishing Equipment Tax securely and accurately using Efile720.
Get started today and complete your Form 720 filing online.
Start E-Filing

Frequently Asked Questions

Fishing Equipment Tax falls under IRS No. 41 or IRS No. 42, based on the product type.

The tax is filed quarterly using IRS Form 720

No. Only the manufacturers, producers, and importers of fishing equipment are responsible for filing the excise tax.

Yes. Efile720 supports both IRS codes (i.e., 41 & 42) for tax reporting.

If you file your Form 720 too late, there are penalties and interest assessed by the IRS for late payments or filings.