Fillable Form 730 - Monthly Tax Return For Wagers printable pdf download

730

Form

Monthly Tax Return for Wagers

OMB No. 1545-0235

(Rev. July 2005)

Department of the Treasury

(Section 4401 of the Internal Revenue Code)

For IRS Use Only

Internal Revenue Service

Enter your

name,

address,

Name

Month and year

employer

identification

number,

Number, street, and room or suite no.

Employer identification number

and

month and

year of

return.

City, state, and ZIP code

Check applicable boxes:

Final return

Address change

Gross amount of wagers accepted during month (not including laid-off wagers) (see instructions)

Gross amount of laid-off wagers accepted during month (see instructions)

Add lines 1 and 2

4a Tax on wagers authorized under the law of the state in which

accepted. Enter the amount of these wagers included in line

× .0025

3; multiply by the amount shown and enter the result

b Tax on wagers other than wagers described on line 4a. Enter

the amount of these wagers included in line 3; multiply by the

amount shown and enter the result

.02

c Tax on wagers. Add lines 4a and 4b

Credits. No credit is allowed unless supported by evidence (see instructions)

Balance due. Subtract line 5 from line 4c. Complete Form 730-V, Payment Voucher.

File this return, your payment, and voucher with the IRS as shown under Where to file below. Make your check or money order

payable to the “United States Treasury.” Write your name, address, EIN, and “Form 730” on it.

Sign

Under penalties of perjury, I declare that I have examined this return and any accompanying certificates and statements, and, to the best of my

knowledge and belief, they are true, correct, and complete.

Here

Keep a copy

of this return

Signature

Date

for your records.

Type or print your name below signature.

Instructions

can drop amounts that are less than 50

authorized and those wagers that are not

cents, and increase amounts that are 50

authorized by the state in which they are

Section references are to the Internal

cents or more to the next whole dollar. If

accepted. Include all charges connected

Revenue Code unless otherwise noted.

you do round, do so for all amounts. But if

with placing the wager. If you can prove

you have to add two or more amounts to

that the person placing the wager has paid

Who must file. You must file Form 730

figure the amount to enter on a line,

a separate charge equal to the tax, do not

and pay the tax on wagers under section

include cents when adding and only round

include that amount in the amount of the

4401(a) if you:

off the total.

wager. Do not include laid-off wagers in

Are in the business of accepting wagers,

this amount.

When to file. If you are liable for tax, file

Conduct a wagering pool or lottery, or

What is taxed. The tax applies only to

Form 730 for each month by the last day

Are required to be registered and you

wagers accepted in the United States or

of the month following the month for which

received wagers for or on behalf of another

placed by a person who is in the United

you are reporting taxable wagers. The IRS

person but did not report that person’s

States with a person who is a U.S. citizen

will not send you a notice that a return is

name and address.

or resident.

due. Once you file a return reporting tax,

Use Form 11-C, Occupational Tax and

file a return each month whether or not

Taxable wagers include those placed:

Registration Return for Wagering, to

you have taxable wagers to report. If you

On a sports event or contest with a

have no tax to report, write “None” in the

person engaged in the business of

entry space for line 6; sign and date Form

Completing Form 730. If you are not

accepting wagers on a sports event or

730. If you stop accepting wagers, check

using the preaddressed Form 730, enter

contest.

the final return box above line 1.

your name, address, employer

In a wagering pool on a sports event or

identification number (EIN), and the month

Where to file. Mail your return to the

contest if the pool is conducted for profit.

(MM) and year (YYYY) for which this form

Internal Revenue Service, Cincinnati, OH

In a lottery conducted for profit,

is filed.

45999-0100.

including the numbers game, policy, punch

Line 1. Enter the gross amount of wagers

Rounding. You may round amounts to

boards, and similar types of wagering.

whole dollars. If you do round, leave the

accepted during the month. Gross wagers

boxes for the cents amounts blank. You

are the total of those wagers that are

730

For Privacy Act and Paperwork Reduction Act Notice, see page 2.

Cat. No. 20585U

Form

(Rev. 7-2005)

Form 730 - Monthly Tax Return For Wagers

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