How Form 7208 Attaches to Form 720
Form 7208 attaches to the Form 720 for the first full quarter after your tax year closes, and its result lands on one specific line: IRS No. 150, "Repurchase of corporate stock. Attach Form 7208," in Form 720, Part II. So the Form 7208 due date is simply the due date of that Form 720. This guide covers the mechanics of joining the two forms. If you're still working out whether the 1% tax applies, begin with our stock repurchase excise tax page.
Which quarter's Form 720 takes your Form 7208?
The trap is the word "first full." A corporation whose tax year ends in December doesn't use the fourth quarter return, even though December is in the fourth quarter. It uses the first quarter return of the next year, because that's the first quarter that begins after the year closed.
Here is the IRS table, with the next real date for each row. Where the printed date falls on a weekend, the Form 720 instructions let you file on the next business day.
| Tax year ends in | Attach to | IRS date | Next example |
|---|---|---|---|
| Jul, Aug, Sep | 4th quarter Form 720 | January 31 (following year) | Year ended Sep 30, 2026: Monday, Feb 1, 2027 |
| Oct, Nov, Dec | 1st quarter Form 720 | April 30 (following year) | Year ended Dec 31, 2026: Friday, Apr 30, 2027 |
| Jan, Feb, Mar | 2nd quarter Form 720 | July 31 (same year) | Year ended Mar 31, 2027: Monday, Aug 2, 2027 |
| Apr, May, Jun | 3rd quarter Form 720 | October 31 (same year) | Year ended Jun 30, 2027: Monday, Nov 1, 2027 |
For penalties and what happens if a date is missed, see our separate Form 7208 due date guide.
Moving the number to the IRS No. 150 line
Only one figure carries across. The Form 720 instructions say to enter the amount from Form 7208, Part V, line 11 on the line for IRS No. 150.
- Complete Form 7208 for your tax year, entering that tax year in the Period Covered section, along with your name and EIN.
- Take line 11 (line 10 times 1%) to Form 720, Part II, IRS No. 150.
- Include that amount in the Part II total on line 2, which feeds Part III of Form 720.
- Attach Form 7208 and any continuation sheets to the Form 720.
- Sign the Form 720 under penalties of perjury. The Form 7208 instructions specifically require that.
There's a timing link worth planning around. Stock contributed to an employer-sponsored retirement plan can count for the tax year on Form 7208 if it's contributed by the filing deadline of this same Form 720. So the Form 720 date you identified above is also your last day for those contributions to reduce the base.
Do you still attach Form 7208 when no tax is due?
In two common cases, yes. The instructions tell you to attach the form even though line 11 won't show any tax.
- Repurchases of $1 million or less on line 3: complete Part I only, and attach the form to Form 720.
- Line 10 is zero or less: enter -0- and attach the form to Form 720.
A RIC, a REIT, or a non-RIC '40 Act fund that is a covered corporation doesn't need to file Form 7208 at all, so nothing attaches in that case.
What the IRS e-file rules check on Form 7208
If you file Form 720 electronically, the IRS applies published business rules, and a failure rejects the return. These are the ones written for this attachment in the 2026 Q4 publication:
| IRS rule | What it requires | Rejected as |
|---|---|---|
| F720-222 | A non-zero IRS No. 150 amount must equal the sum of the excise tax amounts on all Form 7208 attachments | Data mismatch |
| F7208-002 | The year of the Form 7208 tax period end date must be the same as or before the tax year in the return header | Incorrect data |
| F7208-003 | The tax period end date must not be before the begin date | Incorrect data |
| F7208-004 | The period on Form 7208 must not exceed twelve months | Incorrect data |
F720-222 says "all Form 7208 attachments" because a return can carry more than one. The instructions mention this for tax years ending before final regulations were published, when two Forms 7208 could be attached to a single Form 720.
Paying the tax and fixing a mistake later
IRS No. 150 is a Part II tax, and Part II taxes other than the floor stocks tax don't call for semimonthly deposits. They're payable with the return. That means the balance on Form 720, Part III, line 10 includes the buyback tax for that quarter. You don't have to pay if line 10 is under $1.00.
If your corporation has no other excise taxes, this may be the only Form 720 with an amount on it for the year. That doesn't change how the form attaches. It does matter which return you pick, so check the table above rather than defaulting to the current quarter.
Corrections don't go on a later Form 720. Enter "Amended" at the top of a corrected Form 7208 and attach it to Form 720-X for the quarter the original went with. Form 720-X has its own process, explained in our guide to amending a filed Form 720.
Filing this quarter's return online
Before you begin, have the finished Form 7208 figures in front of you, especially line 11, plus the Form 720 quarter from the table above. Then you can start your Form 720 online with EasyFile720, an IRS-authorized e-file provider that covers Part II categories, including IRS No. 150. You enter your figures, the math is calculated for you, and validations catch common mistakes before you submit. You sign electronically and get an IRS acknowledgment once the return is accepted.
An account is free to create with no credit card, and you pay $39.95 when you file. The pricing page shows the Full Year Plan if you also file other quarters. Past returns stay saved in your account, so last year's return is there to check against. For a broader starting point, see filing Form 720 online.
FAQ
Do I file Form 7208 with all four quarterly returns?▼
No. Form 7208 is an annual return, so it goes on one Form 720 a year: the return for the first full quarter after your tax year closes.
Do I need a separate payment voucher or deposit for IRS No. 150?▼
IRS No. 150 is in Form 720, Part II, and Part II taxes other than the floor stocks tax do not require deposits. The tax is payable with the return.
We use a fiscal year ending June 30. Which return is it?▼
A tax year ending in April, May, or June goes on the third quarter Form 720. For a tax year ending June 30, 2027, October 31, 2027 is a Sunday, so that return is due Monday, November 1, 2027.
How do I correct a Form 7208 I already attached?▼
File a corrected Form 7208 with "Amended" entered at the top, and attach it to Form 720-X for the quarter the original was attached to.
File Form 720 online
Create a free account with no credit card and build your return. You pay $39.95 only when you file. EasyFile720 is an IRS-authorized e-file provider, and you get an acknowledgment when the IRS accepts your return.
Sources: Instructions for Form 7208 (Rev. December 2025); Instructions for Form 720 (Rev. June 2026); Form 720 (Rev. June 2026); IRS Form 720 Business Rules Publication 2026Q4 v1.0; Pub. 510 (Rev. December 2025). General information, not tax advice. Confirm how the rules apply to you with a qualified advisor or the IRS.
