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How To File Form 1040x

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How To File Form 1040x

How to file form 1040x Publication 3920 - Introductory Material Table of Contents Introduction Useful Items - You may want to see: Introduction This publication explains some of the provisions of the Victims of Terrorism Tax Relief Act of 2001. How to file form 1040x Under this Act, the federal income tax liability of those killed in the following attacks is forgiven for certain tax years. How to file form 1040x The April 19, 1995, attack on the Alfred P. How to file form 1040x Murrah Federal Building (Oklahoma City attack). How to file form 1040x The September 11, 2001, attacks on the World Trade Center, the Pentagon, and United Airlines Flight 93 in Somerset County, Pennsylvania (September 11 attacks). How to file form 1040x Terrorist attacks involving anthrax occurring after September 10, 2001, and before January 1, 2002 (anthrax attacks). How to file form 1040x The Act also provides other types of relief. How to file form 1040x For example, it provides that the following amounts are not included in income. How to file form 1040x Payments from the September 11th Victim Compensation Fund of 2001. How to file form 1040x Qualified disaster relief payments made after September 10, 2001, to cover personal, family, living, or funeral expenses incurred because of a terrorist attack. How to file form 1040x Certain disability payments received in tax years ending after September 10, 2001, for injuries sustained in a terrorist attack. How to file form 1040x Death benefits paid by an employer to the survivor of an employee if the benefits are paid because the employee died as a result of a terrorist attack. How to file form 1040x Debt cancellations made after September 10, 2001, and before January 1, 2002, because an individual died as a result of the September 11 attacks or anthrax attacks. How to file form 1040x Worksheet A. How to file form 1040x Figuring the Tax To Be Forgiven (For Decedents Who Filed a Return as Single, Married Filing Separately, Head of Household, or Qualifying Widow(er))         (A) First Eligible Year (1994 or 2000) (B) Second Eligible Year (1995 or 2001) (C) Third Eligible Year (1996 or 2002) 1 Enter the years eligible for tax forgiveness. How to file form 1040x 1       2 Enter the total tax from the decedent's income tax return. How to file form 1040x See Table 1 on page 5 for the line number for years before 2002. How to file form 1040x 2       3 Enter the following taxes, if any, shown on the decedent's income tax return. How to file form 1040x (These taxes are not eligible for forgiveness. How to file form 1040x )           a Self-employment tax. How to file form 1040x 3a         b Social security and Medicare tax on tip income not reported to employer. How to file form 1040x 3b         c Tax on excess contributions to IRAs, Coverdell education savings accounts (formerly Ed IRAs), or Archer MSAs (formerly medical savings accounts). How to file form 1040x 3c         d Tax on excess accumulation in qualified retirement plans. How to file form 1040x 3d         e Household employment taxes. How to file form 1040x 3e         f Uncollected social security and Medicare or RRTA tax on tips or group-term life insurance. How to file form 1040x 3f         g Tax on golden parachute payments. How to file form 1040x 3g       4 Add lines 3a through 3g. How to file form 1040x 4       5 Tax to be forgiven. How to file form 1040x Subtract line 4 from line 2. How to file form 1040x 5       Note. How to file form 1040x If the total of columns (A), (B), and (C) of line 5 (including any amounts shown on line 15 of Worksheet B) is less than $10,000, also complete Worksheet C. How to file form 1040x Attach the computation of the tax to be forgiven or a copy of this worksheet to the decedent's final income tax return or amended tax return (Form 1040X) for each year listed on line 1. How to file form 1040x If filing Form 1040X for an eligible year, enter the amount from line 5 above on Form 1040X in column B of line 10 as a decrease in tax. How to file form 1040x The IRS will determine the amount to be refunded. How to file form 1040x Worksheet A. How to file form 1040x Figuring the Tax To Be Forgiven (For Decedents Who Filed a Return as Single, Married Filing Separately, Head of Household, or Qualifying Widow(er))         (A) First Eligible Year (1994 or 2000) (B) Second Eligible Year (1995 or 2001) (C) Third Eligible Year (1996 or 2002) 1 Enter the years eligible for tax forgiveness. How to file form 1040x 1       2 Enter the total tax from the decedent's income tax return. How to file form 1040x See Table 1 on page 5 for the line number for years before 2002. How to file form 1040x 2       3 Enter the following taxes, if any, shown on the decedent's income tax return. How to file form 1040x (These taxes are not eligible for forgiveness. How to file form 1040x )           a Self-employment tax. How to file form 1040x 3a         b Social security and Medicare tax on tip income not reported to employer. How to file form 1040x 3b         c Tax on excess contributions to IRAs, Coverdell education savings accounts (formerly Ed IRAs), or Archer MSAs (formerly medical savings accounts). How to file form 1040x 3c         d Tax on excess accumulation in qualified retirement plans. How to file form 1040x 3d         e Household employment taxes. How to file form 1040x 3e         f Uncollected social security and Medicare or RRTA tax on tips or group-term life insurance. How to file form 1040x 3f         g Tax on golden parachute payments. How to file form 1040x 3g       4 Add lines 3a through 3g. How to file form 1040x 4       5 Tax to be forgiven. How to file form 1040x Subtract line 4 from line 2. How to file form 1040x 5       Note. How to file form 1040x If the total of columns (A), (B), and (C) of line 5 (including any amounts shown on line 15 of Worksheet B) is less than $10,000, also complete Worksheet C. How to file form 1040x Attach the computation of the tax to be forgiven or a copy of this worksheet to the decedent's final income tax return or amended tax return (Form 1040X) for each year listed on line 1. How to file form 1040x If filing Form 1040X for an eligible year, enter the amount from line 5 above on Form 1040X in column B of line 10 as a decrease in tax. How to file form 1040x The IRS will determine the amount to be refunded. How to file form 1040x Useful Items - You may want to see: Publication 547 Casualties, Disasters, and Thefts 559 Survivors, Executors, and Administrators Form (and Instructions) 706 United States Estate (and Generation- Skipping Transfer) Tax Return 1040 U. How to file form 1040x S. How to file form 1040x Individual Income Tax Return 1040NR U. How to file form 1040x S. How to file form 1040x Nonresident Alien Income Tax Return 1040X Amended U. How to file form 1040x S. How to file form 1040x Individual Income Tax Return 1041 U. How to file form 1040x S. How to file form 1040x Income Tax Return for Estates and Trusts 1310 Statement of Person Claiming Refund Due a Deceased Taxpayer 4506 Request for Copy or Transcript of Tax Form Prev  Up  Next   Home   More Online Publications
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IRS Report on Avoiding Troubled Tax-Advantaged Bonds

The Internal Revenue Service office of Tax Exempt Bonds (TEB) released the report, Avoiding Troubled Tax-Advantaged Bonds. This report produced by the TEB Compliance Practice Research Team seeks to provide aid to issuers of tax-advantaged bonds municipal bonds. It identifies some considerations for issuers of such bonds and is TEB’s initial step toward producing public resource products that assist issuers in avoiding troubled transactions. For more than a decade, TEB observed some of the worst problems in the municipal industry and then witnessed the efforts taken (by leaders in state and local government, the professional communities that support them, and various regulatory bodies) to address them. Many of these complex compliance issues facing issuers of tax-advantaged municipal debt still exist.  

Publishing Avoiding Troubled Tax-Advantaged Bonds is a part of TEB’s continuing effort to provide practical steps and products that may be helpful to issuers of tax-advantaged municipal bonds. As such, we welcome comments and feedback from the tax-advantaged municipal bond community that provide further tools and clarification for issuers. Please submit your comments and feedback to TaxExemptBondQuestions@irs.gov inserting “Avoiding Troubled Tax-Advantaged Bonds Question” on the Subject: line.

The report covers three phases of the life cycle of bonds, each with various considerations, of which an issuer should be aware. These three identified phases are 1) the transaction development phase, 2) the transaction execution phase, and 3) the post-issuance phase. Watch for the TEB presentation of phase one “Transaction Development,” in an upcoming Webinar scheduled for this fall.

TEB hopes that the tax-exempt bond community will use this information to create related products beneficial to their members. These products will provide additional tools that facilitate issuer adoption of practices and procedures that avoid abusive or questionable transactions.

 

 

Page Last Reviewed or Updated: 26-Mar-2014

The How To File Form 1040x

How to file form 1040x 5. How to file form 1040x   Manufacturers Taxes Table of Contents Importer. How to file form 1040x Use considered sale. How to file form 1040x Lease considered sale. How to file form 1040x Bonus goods. How to file form 1040x Taxable Event ExemptionsRequirements for Exempt Sales Credits or Refunds Sport Fishing EquipmentRelated person. How to file form 1040x Bows, Quivers, Broadheads, and Points Arrow ShaftsExemption for certain wooden arrows. How to file form 1040x CoalExported. How to file form 1040x Taxable TiresQualifying intercity or local bus. How to file form 1040x Qualifying school bus. How to file form 1040x Gas Guzzler TaxVehicles not subject to tax. How to file form 1040x Imported automobiles. How to file form 1040x VaccinesConditions to allowance. How to file form 1040x Taxable Medical Devices The following discussion of manufacturers taxes applies to the tax on: Sport fishing equipment; Fishing rods and fishing poles; Electric outboard motors; Fishing tackle boxes; Bows, quivers, broadheads, and points; Arrow shafts; Coal; Taxable tires; Gas guzzler automobiles; and Vaccines. How to file form 1040x Manufacturer. How to file form 1040x   The term “manufacturer” includes a producer or importer. How to file form 1040x A manufacturer is any person who produces a taxable article from new or raw material, or from scrap, salvage, or junk material, by processing or changing the form of an article or by combining or assembling two or more articles. How to file form 1040x If you furnish the materials and keep title to those materials and to the finished article, you are considered the manufacturer even though another person actually manufactures the taxable article. How to file form 1040x   A manufacturer who sells a taxable article in knockdown (unassembled) condition is liable for the tax. How to file form 1040x The person who buys these component parts and assembles a taxable article may also be liable for tax as a further manufacturer depending on the labor, material, and overhead required to assemble the completed article if the article is assembled for business use. How to file form 1040x Importer. How to file form 1040x   An importer is a person who brings a taxable article into the United States, or withdraws a taxable article from a customs bonded warehouse for sale or use in the United States. How to file form 1040x Sale. How to file form 1040x   A sale is the transfer of the title to, or the substantial incidents of ownership in, an article to a buyer for consideration that may consist of money, services, or other things. How to file form 1040x Use considered sale. How to file form 1040x   A manufacturer who uses a taxable article is liable for the tax in the same manner as if it were sold. How to file form 1040x Lease considered sale. How to file form 1040x   The lease of an article (including any renewal or extension of the lease) by the manufacturer is generally considered a taxable sale. How to file form 1040x However, for the gas guzzler tax, only the first lease (excluding any renewal or extension) of the automobile by the manufacturer is considered a sale. How to file form 1040x Manufacturers taxes based on sale price. How to file form 1040x   The manufacturers taxes imposed on the sale of sport fishing equipment, electric outboard motors, and bows are based on the sale price of the article. How to file form 1040x The taxes imposed on coal are based either on the sale price or the weight. How to file form 1040x   The price for which an article is sold includes the total consideration paid for the article, whether that consideration is in the form of money, services, or other things. How to file form 1040x However, you include certain charges made when a taxable article is sold and you exclude others. How to file form 1040x To figure the price on which you base the tax, use the following rules. How to file form 1040x Include both the following charges in the price. How to file form 1040x Any charge for coverings or containers (regardless of their nature). How to file form 1040x Any charge incident to placing the article in a condition packed ready for shipment. How to file form 1040x Exclude all the following amounts from the price. How to file form 1040x The manufacturers excise tax, whether or not it is stated as a separate charge. How to file form 1040x The transportation charges pursuant to the sale. How to file form 1040x The cost of transportation of goods to a warehouse before their bona fide sale is not excludable. How to file form 1040x Delivery, insurance, installation, retail dealer preparation charges, and other charges you incur in placing the article in the hands of the purchaser under a bona fide sale. How to file form 1040x Discounts, rebates, and similar allowances actually granted to the purchaser. How to file form 1040x Local advertising charges. How to file form 1040x A charge made separately when the article is sold and that qualifies as a charge for “local advertising” may, within certain limits, be excluded from the sale price. How to file form 1040x Charges for warranty paid at the purchaser's option. How to file form 1040x However, a charge for a warranty of an article that the manufacturer requires the purchaser to pay to obtain the article is included in the sale price on which the tax is figured. How to file form 1040x Bonus goods. How to file form 1040x   Allocate the sale price if you give free nontaxable goods with the purchase of taxable merchandise. How to file form 1040x Figure the tax only on the sale price attributable to the taxable articles. How to file form 1040x Example. How to file form 1040x A manufacturer sells a quantity of taxable articles and gives the purchaser certain nontaxable articles as a bonus. How to file form 1040x The sale price of the shipment is $1,500. How to file form 1040x The normal sale price is $2,000: $1,500 for the taxable articles and $500 for the nontaxable articles. How to file form 1040x Since the taxable items represent 75% of the normal sale price, the tax is based on 75% of the actual sale price, or $1,125 (75% of $1,500). How to file form 1040x The remaining $375 is allocated to the nontaxable articles. How to file form 1040x Taxable Event Tax attaches when the title to the article sold passes from the manufacturer to the buyer. How to file form 1040x When the title passes depends on the intention of the parties as gathered from the contract of sale. How to file form 1040x In the absence of expressed intention, the legal rules of presumption followed in the jurisdiction where the sale occurs determine when title passes. How to file form 1040x If the taxable article is used by the manufacturer, the tax attaches at the time use begins. How to file form 1040x The manufacturer is liable for the tax. How to file form 1040x Partial payments. How to file form 1040x   The tax applies to each partial payment received when taxable articles are: Leased, Sold conditionally, Sold on installment with chattel mortgage, or Sold on installment with title to pass in the future. How to file form 1040x To figure the tax, multiply the partial payment by the tax rate in effect at the time of the payment. How to file form 1040x Exemptions The following sales by the manufacturer are exempt from the manufacturers tax. How to file form 1040x Sale of an article to a state or local government for the exclusive use of the state or local government. How to file form 1040x This exemption does not apply to the taxes on coal, gas guzzlers, and vaccines. How to file form 1040x State is defined in Definitions in chapter 1. How to file form 1040x Sale of an article to a nonprofit educational organization for its exclusive use. How to file form 1040x This exemption does not apply to the taxes on coal, gas guzzlers, and vaccines. How to file form 1040x Nonprofit educational organization is defined under Communications Tax in chapter 4. How to file form 1040x Sale of an article to a qualified blood collector organization. How to file form 1040x This exemption does not apply to gas guzzlers, recreational equipment, and vaccines. How to file form 1040x Qualified blood collector organizations are defined under Communications Tax in chapter 4. How to file form 1040x Sale of an article for use by the purchaser as supplies for vessels. How to file form 1040x This exemption does not apply to the taxes on coal and vaccines. How to file form 1040x Supplies for vessels means ships' stores, sea stores, or legitimate equipment on vessels of war of the United States or any foreign nation, vessels employed in the fisheries or whaling business, or vessels actually engaged in foreign trade. How to file form 1040x Sale of an article for use by the purchaser for further manufacture, or for resale by the purchaser to a second purchaser for use by the second purchaser for further manufacture. How to file form 1040x This exemption does not apply to the tax on coal and tires. How to file form 1040x Use for further manufacture means use in the manufacture or production of an article subject to the manufacturers excise taxes. How to file form 1040x If you buy articles tax free and resell or use them other than in the manufacture of another article, you are liable for the tax on their resale or use just as if you had manufactured and sold them. How to file form 1040x Sale of an article for export or for resale by the purchaser to a second purchaser for export. How to file form 1040x The article may be exported to a foreign country or to a possession of the United States. How to file form 1040x A vaccine shipped to a possession of the United States is not considered to be exported. How to file form 1040x If an article is sold tax free for export and the manufacturer does not receive proof of export, described later, the manufacturer is liable for the tax. How to file form 1040x Sales of articles of native Indian handicraft, such as bows and arrow shafts, manufactured by Indians on reservations, in Indian schools, or under U. How to file form 1040x S. How to file form 1040x jurisdiction in Alaska. How to file form 1040x For tire exemptions, see section 4221(e)(2). How to file form 1040x Requirements for Exempt Sales The following requirements must be met for a sale to be exempt from the manufacturers tax. How to file form 1040x Registration requirements. How to file form 1040x   The manufacturer, first purchaser, and second purchaser in the case of resales must be registered. How to file form 1040x See the Form 637 instructions for more information. How to file form 1040x Exceptions to registration requirements. How to file form 1040x   Registration is not required for: State or local governments, Foreign purchasers of articles sold or resold for export, The United States, or Parties to a sale of supplies for vessels and aircraft. How to file form 1040x Certification requirement. How to file form 1040x   If the purchaser is required to be registered, the purchaser must give the manufacturer its registration number and certify the exempt purpose for which the article will be used. How to file form 1040x The information must be in writing and may be noted on the purchase order or other document furnished by the purchaser to the seller in connection with the sale. How to file form 1040x   For a sale to a state or local government, an exemption certificate must be signed by an officer or employee authorized by the state or local government. How to file form 1040x See Regulations section 48. How to file form 1040x 4221-5(c) for the certificate requirements. How to file form 1040x   For sales for use as supplies for vessels and aircraft, if the manufacturer and purchaser are not registered, the owner or agent of the vessel must provide an exemption certificate to the manufacturer before or at the time of sale. How to file form 1040x See Regulations section 48. How to file form 1040x 4221-4(d) for the certificate requirements. How to file form 1040x Proof of export requirement. How to file form 1040x   Within 6 months of the date of sale or shipment by the manufacturer, whichever is earlier, the manufacturer must receive proof of exportation. How to file form 1040x See Regulations section 48. How to file form 1040x 4221-3(d) for evidence that qualifies as proof of exportation. How to file form 1040x Proof of resale for further manufacture requirement. How to file form 1040x   Within 6 months of the date of sale or shipment by the manufacturer, whichever is earlier, the manufacturer must receive proof that the article has been resold for use in further manufacture. How to file form 1040x See Regulations section 48. How to file form 1040x 4221-2(c) for evidence that qualifies as proof of resale. How to file form 1040x Information to be furnished to purchaser. How to file form 1040x   The manufacturer must indicate to the purchaser that the articles normally would be subject to tax and are being sold tax free for an exempt purpose because the purchaser has provided the required certificate. How to file form 1040x Credits or Refunds The manufacturer may be eligible to obtain a credit or refund of the manufacturers tax for certain uses, sales, exports, and price readjustments. How to file form 1040x The claim must set forth in detail the facts upon which the claim is based. How to file form 1040x Uses, sales, and exports. How to file form 1040x   A credit or refund (without interest) of the manufacturers taxes may be allowable if a tax-paid article is, by any person: Exported, Used or sold for use as supplies for vessels (except for coal and vaccines), Sold to a state or local government for its exclusive use (except for coal, gas guzzlers, and vaccines), Sold to a nonprofit educational organization for its exclusive use (except for coal, gas guzzlers, and vaccines), Sold to a qualified blood collector organization for its exclusive use (except for gas guzzlers, recreational equipment, and vaccines), or Used for further manufacture of another article subject to the manufacturers taxes (except for coal). How to file form 1040x Export. How to file form 1040x   If a tax-paid article is exported, the exporter or shipper may claim a credit or refund if the manufacturer waives its right to claim the credit or refund. How to file form 1040x In the case of a tax-paid article used to make another taxable article, the subsequent manufacturer may claim the credit or refund. How to file form 1040x Price readjustments. How to file form 1040x   In addition, a credit or refund (without interest) may be allowable for a tax-paid article for which the price is readjusted by reason of return or repossession of the article or a bona fide discount, rebate, or allowance for taxes based on price. How to file form 1040x Conditions to allowance. How to file form 1040x   To claim a credit or refund in the case of export; supplies for vessels; or sales to a state or local government, nonprofit educational organization, or qualified blood collector organization; the person who paid the tax must certify on the claim that one of the following applies and that the claimant has the required supporting information. How to file form 1040x The claimant sold the article at a tax-excluded price. How to file form 1040x The person has repaid, or agreed to repay, the tax to the ultimate vendor of the article. How to file form 1040x The person has obtained the written consent of the ultimate vendor to make the claim. How to file form 1040x The ultimate vendor generally is the seller making the sale that gives rise to the overpayment of tax. How to file form 1040x Claim for further manufacture. How to file form 1040x   To claim a credit or refund for further manufacture, the claimant must include a statement that contains the following. How to file form 1040x The name and address of the manufacturer and the date of payment. How to file form 1040x An identification of the article for which the credit or refund is claimed. How to file form 1040x The amount of tax paid on the article and the date on which it was paid. How to file form 1040x Information indicating that the article was used as material in the manufacture or production of, or as a component part of, a second article manufactured or produced by the manufacturer, or was sold on or in connection with, or with the sale of a second article manufactured or produced by the manufacturer. How to file form 1040x An identification of the second article. How to file form 1040x   For claims by the exporter or shipper, the claim must contain the proof of export and a statement signed by the person that paid the tax waiving the right to claim a credit or refund. How to file form 1040x The statement must include the amount of tax paid, the date of payment, and the office to which it was paid. How to file form 1040x Claim for price readjustment. How to file form 1040x   To claim a credit or refund for a price readjustment, the person who paid the tax must include with the claim, a statement that contains the following. How to file form 1040x A description of the circumstances that gave rise to the price readjustment. How to file form 1040x An identification of the article whose price was readjusted. How to file form 1040x The price at which the article was sold. How to file form 1040x The amount of tax paid on the article and the date on which it was paid. How to file form 1040x The name and address of the purchaser. How to file form 1040x The amount repaid to the purchaser or credited to the purchaser's account. How to file form 1040x Sport Fishing Equipment A tax of 10% of the sale price is imposed on many articles of sport fishing equipment sold by the manufacturer. How to file form 1040x This includes any parts or accessories sold on or in connection with the sale of those articles. How to file form 1040x Pay this tax with Form 720. How to file form 1040x No tax deposits are required. How to file form 1040x Sport fishing equipment includes all the following items. How to file form 1040x Fishing rods and poles (and component parts), fishing reels, fly fishing lines, and other fishing lines not over 130 pounds test, fishing spears, spear guns, and spear tips. How to file form 1040x Items of terminal tackle, including leaders, artificial lures, artificial baits, artificial flies, fishing hooks, bobbers, sinkers, snaps, drayles, and swivels (but not including natural bait or any item of terminal tackle designed for use and ordinarily used on fishing lines not described in (1)). How to file form 1040x The following items of fishing supplies and accessories: fish stringers, creels, bags, baskets, and other containers designed to hold fish, portable bait containers, fishing vests, landing nets, gaff hooks, fishing hook disgorgers, and dressing for fishing lines and artificial flies. How to file form 1040x Fishing tip-ups and tilts. How to file form 1040x Fishing rod belts, fishing rodholders, fishing harnesses, fish fighting chairs, fishing outriggers, and fishing downriggers. How to file form 1040x See Revenue Ruling 88-52 in Cumulative Bulletin 1988-1 for a more complete description of the items of taxable equipment. How to file form 1040x Fishing rods and fishing poles. How to file form 1040x   The tax on fishing rods and fishing poles (and component parts) is 10% of the sales price not to exceed $10 per article. How to file form 1040x The tax is paid by the manufacturer, producer, or importer. How to file form 1040x Fishing tackle boxes. How to file form 1040x   The tax on fishing tackle boxes is 3% of the sales price. How to file form 1040x The tax is paid by the manufacturer, producer, or importer. How to file form 1040x Electric outboard boat motors. How to file form 1040x   A tax of 3% of the sale price is imposed on the sale by the manufacturer of electric outboard motors. How to file form 1040x This includes any parts or accessories sold on or in connection with the sale of those articles. How to file form 1040x Certain equipment resale. How to file form 1040x   The tax on the sale of sport fishing equipment is imposed a second time under the following circumstances. How to file form 1040x If the manufacturer sells a taxable article to any person, the manufacturer is liable for the tax. How to file form 1040x If the purchaser or any other person then sells it to a person who is related (discussed next) to the manufacturer, that related person is liable for a second tax on any subsequent sale of the article. How to file form 1040x The second tax, however, is not imposed if the constructive sale price rules under section 4216(b) apply to the sale by the manufacturer. How to file form 1040x   If the second tax is imposed, a credit for tax previously paid by the manufacturer is available provided the related person can document the tax paid. How to file form 1040x The documentation requirement is generally satisfied only through submission of copies of actual records of the person that previously paid the tax. How to file form 1040x Related person. How to file form 1040x   For the tax on sport fishing equipment, a person is a related person of the manufacturer if that person and the manufacturer have a relationship described in section 465(b)(3)(C). How to file form 1040x Bows, Quivers, Broadheads, and Points The tax on bows is 11% (. How to file form 1040x 11) of the sales price. How to file form 1040x The tax is paid by the manufacturer, producer, or importer. How to file form 1040x It applies to bows having a peak draw weight of 30 pounds or more. How to file form 1040x The tax is also imposed on the sale of any part or accessory suitable for inclusion in or attachment to a taxable bow and any quiver, broadhead, or point suitable for use with arrows described below. How to file form 1040x Pay this tax with Form 720. How to file form 1040x No tax deposits are required. How to file form 1040x Arrow Shafts The tax on arrow shafts is listed on Form 720. How to file form 1040x The tax is paid by the manufacturer, producer, or importer of any arrow shaft (whether sold separately or incorporated as part of a finished or unfinished product) of a type used in the manufacture of any arrow that after its assembly meets either of the following conditions. How to file form 1040x It measures 18 inches or more in overall length. How to file form 1040x It measures less than 18 inches in overall length but is suitable for use with a taxable bow, described earlier. How to file form 1040x Exemption for certain wooden arrows. How to file form 1040x   After October 3, 2008, the tax does not apply to any shaft made of all natural wood with no laminations or artificial means of enhancing the spine of such shaft (whether sold separately or incorporated as part of a finished or unfinished product) and used in the manufacture of any arrow that after its assembly meets both of the following conditions. How to file form 1040x It measures 5/16 of an inch or less in diameter. How to file form 1040x It is not suitable for use with a taxable bow, described earlier. How to file form 1040x Pay this tax with Form 720. How to file form 1040x No tax deposits are required. How to file form 1040x Coal A tax is imposed on the first sale of coal mined in the United States. How to file form 1040x The producer of the coal is liable for the tax. How to file form 1040x The producer is the person who has vested ownership of the coal under state law immediately after the coal is severed from the ground. How to file form 1040x Determine vested ownership without regard to any contractual arrangement for the sale or other disposition of the coal or the payment of any royalties between the producer and third parties. How to file form 1040x A producer includes any person who extracts coal from coal waste refuse piles (or from the silt waste product that results from the wet washing of coal). How to file form 1040x The tax is not imposed on coal extracted from a riverbed by dredging if it can be shown that the coal has been taxed previously. How to file form 1040x Tax rates. How to file form 1040x   The tax on underground-mined coal is the lower of: $1. How to file form 1040x 10 a ton, or 4. How to file form 1040x 4% of the sale price. How to file form 1040x   The tax on surface-mined coal is the lower of: 55 cents a ton, or 4. How to file form 1040x 4% of the sale price. How to file form 1040x   Coal will be taxed at the 4. How to file form 1040x 4% rate if the selling price is less than $25 a ton for underground-mined coal and less than $12. How to file form 1040x 50 a ton for surface-mined coal. How to file form 1040x Apply the tax proportionately if a sale or use includes a portion of a ton. How to file form 1040x Example. How to file form 1040x If you sell 21,000 pounds (10. How to file form 1040x 5 tons) of coal from an underground mine for $525, the price per ton is $50. How to file form 1040x The tax is $1. How to file form 1040x 10 × 10. How to file form 1040x 5 tons ($11. How to file form 1040x 55). How to file form 1040x Coal production. How to file form 1040x   Coal is produced from surface mines if all geological matter (trees, earth, rock) above the coal is removed before the coal is mined. How to file form 1040x Treat coal removed by auger and coal reclaimed from coal waste refuse piles as produced from a surface mine. How to file form 1040x   Treat coal as produced from an underground mine when the coal is not produced from a surface mine. How to file form 1040x In some cases, a single mine may yield coal from both surface mining and underground mining. How to file form 1040x Determine if the coal is from a surface mine or an underground mine for each ton of coal produced and not on a mine-by-mine basis. How to file form 1040x Determining tonnage or selling price. How to file form 1040x   The producer pays the tax on coal at the time of sale or use. How to file form 1040x In figuring the selling price for applying the tax, the point of sale is f. How to file form 1040x o. How to file form 1040x b. How to file form 1040x (free on board) mine or f. How to file form 1040x o. How to file form 1040x b. How to file form 1040x cleaning plant if you clean the coal before selling it. How to file form 1040x This applies even if you sell the coal for a delivered price. How to file form 1040x The f. How to file form 1040x o. How to file form 1040x b. How to file form 1040x mine or f. How to file form 1040x o. How to file form 1040x b. How to file form 1040x cleaning plant is the point at which you figure the number of tons sold for applying the applicable tonnage rate, and the point at which you figure the sale price for applying the 4. How to file form 1040x 4% rate. How to file form 1040x   The tax applies to the full amount of coal sold. How to file form 1040x However, the IRS allows a calculated reduction of the taxable weight of the coal for the weight of the moisture in excess of the coal's inherent moisture content. How to file form 1040x Include in the sale price any additional charge for a freeze-conditioning additive in figuring the tax. How to file form 1040x   Do not include in the sales price the excise tax imposed on coal. How to file form 1040x Coal used by the producer. How to file form 1040x   The tax on coal applies if the coal is used by the producer in other than a mining process. How to file form 1040x A mining process means the same for this purpose as for percentage depletion. How to file form 1040x For example, the tax does not apply if, before selling the coal, you break it, clean it, size it, or apply any other process considered mining under the rules for depletion. How to file form 1040x In this case, the tax applies only when you sell the coal. How to file form 1040x The tax does not apply to coal used as fuel in the coal drying process since it is considered to be used in a mining process. How to file form 1040x However, the tax does apply when you use the coal as fuel or as an ingredient in making coke since the coal is not used in a mining process. How to file form 1040x   You must use a constructive sale price to figure the tax under the 4. How to file form 1040x 4% rate if you use the coal in other than a mining process. How to file form 1040x Base your constructive sale price on sales of a like kind and grade of coal by you or other producers made f. How to file form 1040x o. How to file form 1040x b. How to file form 1040x mine or cleaning plant. How to file form 1040x Normally, you use the same constructive price used to figure your percentage depletion deduction. How to file form 1040x Blending. How to file form 1040x   If you blend surface-mined coal with underground-mined coal during the cleaning process, you must figure the excise tax on the sale of the blended, cleaned coal. How to file form 1040x Figure the tax separately for each type of coal in the blend. How to file form 1040x Base the tax on the amount of each type in the blend if you can determine the proportion of each type of coal contained in the final blend. How to file form 1040x Base the tax on the ratio of each type originally put into the cleaning process if you cannot determine the proportion of each type of coal in the blend. How to file form 1040x However, the tax is limited to 4. How to file form 1040x 4% of the sale price per ton of the blended coal. How to file form 1040x Exemption from tax. How to file form 1040x   The tax does not apply to sales of lignite and imported coal. How to file form 1040x The only other exemption from the tax on the sale of coal is for coal exported as discussed next. How to file form 1040x Exported. How to file form 1040x   The tax does not apply to the sale of coal if the coal is in the stream of export when sold by the producer and the coal is actually exported. How to file form 1040x   Coal is in the stream of export when sold by the producer if the sale is a step in the exportation of the coal to its ultimate destination in a foreign country. How to file form 1040x For example, coal is in the stream of export when: The coal is loaded on an export vessel and title is transferred from the producer to a foreign purchaser, or The producer sells the coal to an export broker in the United States under terms of a contract showing that the coal is to be shipped to a foreign country. How to file form 1040x   Proof of export includes any of the following items. How to file form 1040x A copy of the export bill of lading issued by the delivering carrier. How to file form 1040x A certificate signed by the export carrier's agent or representative showing actual exportation of the coal. How to file form 1040x A certificate of landing signed by a customs officer of the foreign country to which the coal is exported. How to file form 1040x If the foreign country does not have a customs administrator, a statement of the foreign consignee showing receipt of the coal. How to file form 1040x Taxable Tires Taxable tires are divided into three categories for reporting and figuring the tax as described below. How to file form 1040x A tax is imposed on taxable tires sold by the manufacturer, producer, or importer at the rate of $. How to file form 1040x 0945 ($. How to file form 1040x 04725 in the case of a biasply tire or super single tire) for each 10 pounds of the maximum rated load capacity over 3,500 pounds. How to file form 1040x The three categories for reporting the tax and the tax rate are listed below. How to file form 1040x Taxable tires other than biasply or super single tires at $. How to file form 1040x 0945. How to file form 1040x Taxable tires, biasply or super single tires (other than super single tires designed for steering) at $. How to file form 1040x 04725. How to file form 1040x Taxable tires, super single tires designed for steering at $. How to file form 1040x 0945. How to file form 1040x A taxable tire is any tire of the type used on highway vehicles if wholly or partially made of rubber and if marked according to federal regulations for highway use. How to file form 1040x A biasply tire is a pneumatic tire on which the ply cords that extend to the beads are laid at alternate angles substantially less than 90 degrees to the centerline of the tread. How to file form 1040x A super single tire is a tire greater than 13 inches in cross section width designed to replace 2 tires in a dual fitment. How to file form 1040x Special rule, manufacturer's retail stores. How to file form 1040x   The excise tax on taxable tires is imposed at the time the taxable tires are delivered to the manufacturer-owned retail stores, not at the time of sale. How to file form 1040x Tires on imported articles. How to file form 1040x   The importer of an article equipped with taxable tires is treated as the manufacturer of the tires and is liable for the taxable tire excise tax when the article is sold (except in the case of an automobile bus chassis or body with tires). How to file form 1040x Tires exempt from tax. How to file form 1040x   The tax on taxable tires does not apply to the following items. How to file form 1040x Domestically recapped or retreaded tires if the tires have been sold previously in the United States and were taxable tires at the time of sale. How to file form 1040x Tire carcasses not suitable for commercial use. How to file form 1040x Tires for use on qualifying intercity, local, and school buses. How to file form 1040x For tax-free treatment, the registration requirements discussed earlier under Requirements for Exempt Sales apply. How to file form 1040x Tires sold for the exclusive use of the Department of Defense or the Coast Guard. How to file form 1040x Tires of a type used exclusively on mobile machinery. How to file form 1040x A taxable tire used on mobile machinery is not exempt from tax. How to file form 1040x Qualifying intercity or local bus. How to file form 1040x   This is any bus used mainly (more than 50%) to transport the general public for a fee and that either operates on a schedule along regular routes or seats at least 20 adults (excluding the driver). How to file form 1040x Qualifying school bus. How to file form 1040x   This is any bus substantially all the use (85% or more) of which is to transport students and employees of schools. How to file form 1040x Credit or refund. How to file form 1040x   A credit or refund (without interest) is allowable on tax-paid tires if the tires have been: Exported; Sold to a state or local government for its exclusive use; Sold to a nonprofit educational organization for its exclusive use (as defined under Communications Tax in chapter 4); Sold to a qualified blood collector organization (as defined under Communications Tax in chapter 4) for its exclusive use in connection with a vehicle the organization certifies will be primarily used in the collection, storage, or transportation of blood; Used or sold for use as supplies for vessels; or Sold in connection with qualified intercity, local, or school buses. How to file form 1040x   Also, a credit or refund (without interest) is allowable on tax-paid tires sold by any person on, or in connection with, any other article that is sold or used in an activity listed above. How to file form 1040x   The person who paid the tax is eligible to make the claim. How to file form 1040x Gas Guzzler Tax Tax is imposed on the sale by the manufacturer of automobiles of a model type that has a fuel economy standard as measured by the Environmental Protection Agency (EPA) of less than 22. How to file form 1040x 5 miles per gallon. How to file form 1040x If you import an automobile for personal use, you may be liable for this tax. How to file form 1040x Figure the tax on Form 6197, as discussed later. How to file form 1040x The tax rate is based on fuel economy rating. How to file form 1040x The tax rates for the gas guzzler tax are shown on Form 6197. How to file form 1040x A person that lengthens an existing automobile is the manufacturer of an automobile. How to file form 1040x Automobiles. How to file form 1040x   An automobile (including limousines) means any four-wheeled vehicle that is: Rated at an unloaded gross vehicle weight of 6,000 pounds or less, Propelled by an engine powered by gasoline or diesel fuel, and Intended for use mainly on public streets, roads, and highways. How to file form 1040x Vehicles not subject to tax. How to file form 1040x   For the gas guzzler tax, the following vehicles are not considered automobiles. How to file form 1040x Limousines with a gross unloaded vehicle weight of more than 6,000 pounds. How to file form 1040x Vehicles operated exclusively on a rail or rails. How to file form 1040x Vehicles sold for use and used primarily: As ambulances or combination ambulance-hearses, For police or other law enforcement purposes by federal, state, or local governments, or For firefighting purposes. How to file form 1040x Vehicles treated under 49 U. How to file form 1040x S. How to file form 1040x C. How to file form 1040x 32901 (1978) as non-passenger automobiles. How to file form 1040x This includes limousines manufactured primarily to transport more than 10 persons. How to file form 1040x   The manufacturer can sell a vehicle described in item (3) tax free only when the sale is made directly to a purchaser for the described emergency use and the manufacturer and purchaser (other than a state or local government) are registered. How to file form 1040x   Treat an Indian tribal government as a state only if the police or other law enforcement purposes are an essential tribal government function. How to file form 1040x Model type. How to file form 1040x   Model type is a particular class of automobile as determined by EPA regulations. How to file form 1040x Fuel economy. How to file form 1040x   Fuel economy is the average number of miles an automobile travels on a gallon of gasoline (or diesel fuel) rounded to the nearest 0. How to file form 1040x 1 mile as figured by the EPA. How to file form 1040x Imported automobiles. How to file form 1040x   The tax also applies to automobiles that do not have a prototype-based fuel economy rating assigned by the EPA. How to file form 1040x An automobile imported into the United States without a certificate of conformity to United States emission standards and that has no assigned fuel economy rating must be either: Converted by installation of emission controls to conform in all material respects to an automobile already certified for sale in the United States, or Modified by installation of emission control components and individually tested to demonstrate emission compliance. How to file form 1040x   An imported automobile that has been converted to conform to an automobile already certified for sale in the United States may use the fuel economy rating assigned to that certified automobile. How to file form 1040x   A fuel economy rating is not generally available for modified imported automobiles because the EPA does not require a highway fuel economy test on them. How to file form 1040x A separate highway fuel economy test would be required to devise a fuel economy rating (otherwise the automobile is presumed to fall within the lowest fuel economy rating category). How to file form 1040x   For more information about fuel economy ratings for imported automobiles, see Revenue Ruling 86-20 and Revenue Procedure 86-9 in Cumulative Bulletin 1986-1, and Revenue Procedure 87-10 in Cumulative Bulletin 1987-1. How to file form 1040x Exemptions. How to file form 1040x   No one is exempt from the gas guzzler tax, including the federal government, state and local governments, qualified blood collector organizations, and nonprofit educational organizations. How to file form 1040x However, see Vehicles not subject to tax, earlier. How to file form 1040x Form 6197. How to file form 1040x   Use Form 6197 to figure your tax liability for each quarter. How to file form 1040x Attach Form 6197 to your Form 720 for the quarter. How to file form 1040x See the Form 6197 instructions for more information and the one-time filing rules. How to file form 1040x Credit or refund. How to file form 1040x   If the manufacturer paid the tax on a vehicle that is used or resold for an emergency use (see item (3) under Vehicles not subject to tax), the manufacturer can claim a credit or refund. How to file form 1040x For information about how to file for credits or refunds, see the Instructions for Form 720 or Form 8849. How to file form 1040x Vaccines Tax is imposed on certain vaccines sold by the manufacturer in the United States. How to file form 1040x A taxable vaccine means any of the following vaccines. How to file form 1040x Any vaccine containing diphtheria toxoid. How to file form 1040x Any vaccine containing tetanus toxoid. How to file form 1040x Any vaccine containing pertussis bacteria, extracted or partial cell bacteria, or specific pertussis antigens. How to file form 1040x Any vaccine containing polio virus. How to file form 1040x Any vaccine against measles. How to file form 1040x Any vaccine against mumps. How to file form 1040x Any vaccine against rubella. How to file form 1040x Any vaccine against hepatitis A. How to file form 1040x Any vaccine against hepatitis B. How to file form 1040x Any vaccine against chicken pox. How to file form 1040x Any vaccine against rotavirus gastroenteritis. How to file form 1040x Any HIB vaccine. How to file form 1040x Any conjugate vaccine against streptococcus pneumoniae. How to file form 1040x Any trivalent vaccine against influenza or any other vaccine against influenza. How to file form 1040x Any meningococcal vaccine. How to file form 1040x Any vaccine against the human papillomavirus. How to file form 1040x The effective date for the tax on any vaccine against influenza, other than trivalent influenza vaccines, is the later of August 1, 2013, or the date the Secretary of Health and Human Services lists a vaccine against seasonal influenza for purposes of compensation for any vaccine-related injury or death through the Vaccine Injury Compensation Trust Fund. How to file form 1040x The tax is $. How to file form 1040x 75 per dose of each taxable vaccine. How to file form 1040x The tax per dose on a vaccine that contains more than one taxable vaccine is $. How to file form 1040x 75 times the number of taxable vaccines. How to file form 1040x Taxable use. How to file form 1040x   Any manufacturer (including a governmental entity) that uses a taxable vaccine before it is sold will be liable for the tax in the same manner as if the vaccine was sold by the manufacturer. How to file form 1040x Credit or refund. How to file form 1040x   A credit or refund (without interest) is available if the vaccine is: Returned to the person who paid the tax (other than for resale), or Destroyed. How to file form 1040x The claim for a credit or refund must be filed within 6 months after the vaccine is returned or destroyed. How to file form 1040x Conditions to allowance. How to file form 1040x   To claim a credit or refund, the person who paid the tax must have repaid or agreed to repay the tax to the ultimate purchaser of the vaccine or obtained the written consent of such purchaser to allowance of the credit or refund. How to file form 1040x Taxable Medical Devices Taxable medical devices. How to file form 1040x   The tax on the sale of certain medical devices by the manufacturer, producer, or importer of the device is 2. How to file form 1040x 3% (. How to file form 1040x 023) of the sales price. How to file form 1040x A taxable medical device is a device that is listed as a device with the Food and Drug Administration (FDA) under section 510(j) of the Federal Food, Drug, and Cosmetic Act and 21 CFR part 807, pursuant to FDA requirements. How to file form 1040x There are specific exemptions for eyeglasses, contact lenses, and hearing aids. How to file form 1040x There is also an exemption for devices that are determined by the Secretary to be of a type that are generally purchased by the general public at retail for individual use (this exemption is known as the retail exemption). How to file form 1040x See T. How to file form 1040x D. How to file form 1040x 9604 for information on how to determine whether a device falls within the retail exemption, and examples of how a taxpayer might evaluate a given device. How to file form 1040x More information. How to file form 1040x   For more information on the medical device tax, see section 4191, T. How to file form 1040x D. How to file form 1040x 9604, and Notice 2012-77. How to file form 1040x You can find T. How to file form 1040x D. How to file form 1040x 9604 and Notice 2012-77 on pages 730 and 781, respectively, of I. How to file form 1040x R. How to file form 1040x B. How to file form 1040x 2012-52 at www. How to file form 1040x irs. How to file form 1040x gov/pub/irs-irbs/irb12-52. How to file form 1040x pdf. How to file form 1040x Prev  Up  Next   Home   More Online Publications