Eades, Lin, and Smyth proposed A fast and effective heuristic for the feedback arc set problem. The original article is behind a paywall, but a free copy is available from here.
There’s an algorithm for topological sorting that builds the vertex order by selecting a vertex with no incoming arcs, recursing on the graph minus the vertex, and prepending that vertex to the order. (I’m describing the algorithm recursively, but you don’t have to implement it that way.) The Eades–Lin–Smyth algorithm looks also for vertices with no outgoing arcs and appends them. Of course, it can happen that all vertices have incoming and outgoing arcs. In this case, select the vertex with the highest differential between incoming and outgoing. There is undoubtedly room for experimentation here.
The algorithms with provable worst-case behavior are based on linear programming and graph cuts. These are neat, but the guarantees are less than ideal (log^2 n or log n log log n times as many arcs as needed), and I suspect that efficient implementations would be quite a project.