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Products Superfund Tax
Products Superfund Tax

What Is the Imported Petroleum
Products Superfund Tax(IRS No 16)?

The Imported Petroleum Products Superfund Tax under Section 4611 is a federal environmental excise tax imposed on petroleum products when they are entered into the United States for consumption use or warehousing. The purpose of this tax is to fund the Hazardous Substance Superfund which supports the cleanup of contaminated sites across the country.

Key Points
  • The Imported Petroleum Products Superfund Tax is reported on Form 720 under environmental taxes and requires Form 6627 for calculation
  • The tax is calculated on each barrel of imported petroleum products with one barrel equal to forty two gallons
  • For tax periods in 2024 and 2025 the applicable Superfund petroleum tax rate is 17 cents per barrel and is subject to annual inflation adjustment
 
  • For 2026 the Superfund petroleum tax rate increases to 18 cents per barrel and the oil spill liability taxes expired after December thirty one two thousand twenty five
  • The tax on imported petroleum products is generally imposed only once
  • The tax applies to petroleum products and is separate from Superfund chemical excise taxes
Who Is Responsible for Paying This Tax?

The responsibility for paying the Imported Petroleum Products Superfund Tax generally falls on the person who enters the petroleum product into the United States for consumption use or warehousing. The liable party must file Form 720 on a quarterly basis and include Form 6627 to accurately calculate and report the tax amount.

Why Opt for Electronic Filing for Your Imported
Petroleum Products Superfund Tax(IRS No 16)?

Fast and Efficient Filing
Process
Electronic filing offers a quick and straightforward way to complete and submit your Imported Petroleum Products Superfund Tax. With guided steps and built in validations, you can file accurately while saving valuable time.
Cost Saving and Paperless
Filing
E filing helps reduce administrative costs by eliminating paper forms, printing, and mailing expenses. It also minimizes errors that could lead to costly corrections or resubmissions.
Easy and Organized Record
Maintenance
Electronic filing keeps all your Imported Petroleum Products Superfund Tax records securely organized in one place. You can access past filings, receipts, and acknowledgements anytime for audits or future.

Steps to Complete Your Imported petroleum products
superfund tax(IRS No 16) Filing with Simple720

STEP 1
Enter Business Details
Provide your business name, address, EIN, and contact information.
Filing Steps Image 1
Filing Steps Image 2
STEP 2
Tax Information
Navigate to Environmental Tax and select Imported petroleum products superfund tax (16).
Enter
  • Tax date
  • Barrels imported
  • Tax amount
STEP 3
Payment Information
Review the tax amount and select your preferred payment method to finalize the filing.
Filing Steps Image 3
File Form 720 Online

Why Choose Simple720 for Filing Your Imported
Petroleum Products Superfund Tax(IRS No 16)?

IRS Authorized Electronic Filing
Simple720 is an IRS approved e filing provider for Form 720, enabling you to submit your Imported Petroleum Products Superfund Tax electronically with confidence. Your return is transmitted securely and processed in accordance with IRS guidelines.
AICPA SOC Compliant and Secure Platform
Simple720 is built on an AICPA SOC compliant infrastructure that safeguards your sensitive business and tax information. Advanced security controls and compliance standards ensure your data remains protected at every stage of filing.
Accuracy Focused Filing with Built In Validations
Simple720 helps ensure accurate Superfund tax reporting by applying built in checks and structured calculations. This reduces errors, supports correct reporting of imported petroleum quantities, and helps you file with confidence.

Simple720 Vs Others

IRS Authorized e-Filer Brand X Brand Y Brand Z
Cloud-Based Yes No No No
Software Download None Yes-PC Only Yes Yes
License None Required Required Required
Annual Contract No Required Required Required
All Excise Taxes Yes Fuel Taxes Only No No
Cost $59.95/return $1,000+/yr. $1,500+/yr. $5,000+/yr.
Testimonial
What Clients Are Saying
- Williams, Texas

Accurate and Reliable Superfund Tax Filing
Filing the Imported Petroleum Products Superfund Tax requires precision, and Simple720 makes it easy to get it right. The system helps us report our imported quantities accurately and file with confidence every quarter.

- Patel, New Jersey

Well Organized Records and Easy Access
Simple720 keeps all our Imported Petroleum Products Superfund Tax filings neatly organized in one place. Having quick access to past returns and acknowledgements has been extremely helpful for our internal records and audits.

- Nguyen, California

Fast and Efficient Filing Experience
What used to take us hours now takes just minutes. Simple720's streamlined process allows us to file our Imported Petroleum Products Superfund Tax quickly without unnecessary steps or delays.

File Form 720 Online

Frequently Asked Questions

The Imported Petroleum Products Superfund Tax is a federal environmental excise tax imposed on petroleum products when they are entered into the United States for consumption use or warehousing. The tax helps fund the Hazardous Substance Superfund and is reported quarterly using Form 720 with Form 6627.

For recent tax years, the Superfund petroleum tax rate is calculated per barrel of imported petroleum products, with one barrel equal to forty two gallons. The rate is subject to change and may be adjusted annually for inflation, so filers should verify the applicable rate for the quarter being filed.

The responsibility to file and pay the Imported Petroleum Products Superfund Tax generally falls on the person who enters the petroleum product into the United States for consumption use or warehousing. This includes importers and other liable parties defined under IRS excise tax rules.

Electronic filing is the most efficient and reliable method. Filing Form 720 electronically with Form 6627 reduces errors, speeds up processing, and provides quicker IRS acknowledgement compared to paper filing.

This tax is filed and paid on a quarterly basis as part of the federal excise tax return. Each quarter requires accurate reporting of imported petroleum quantities and timely submission to remain compliant with IRS requirements.

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