Fillable Form 730 - Monthly Tax Return For Wagers (Page 2 of 4) in pdf

Form 730 (Rev. 12-2017)

Page

Specific Instructions

Form 730-V, Payment Voucher

• Enclose your check or money order made

payable to “United States Treasury.” Be sure

Box 1. If you don’t have an EIN, you may

Purpose of Form

to enter your name, address, EIN, “Form

apply for one online. Go to the IRS website at

730,” and the tax period on your check or

Complete Form 730-V if you’re making a

You also may apply for an

money order. Don’t send cash. Don’t staple

payment by check or money order with

EIN by faxing or mailing Form SS-4,

this voucher or your payment to Form 730 (or

Form 730. We will use the completed voucher

Application for Employer Identification

to each other).

to credit your payment more promptly and

Number, to the IRS.

• Detach the completed voucher and send it

accurately, and to improve our service to you.

Box 2. Enter the amount paid from line 6 of

with your payment and Form 730. See Where

If you have your return prepared by a third

Form 730.

to file, later.

party and a payment is required, provide this

Box 3. Enter the same date you entered on

payment voucher to the return preparer.

page 1 of Form 730.

Don’t file Form 730-V if you’re paying the

Box 4. Enter your name and address as

balance due on Form 730, line 6, using the

shown on Form 730.

Electronic Federal Tax Payment System

(EFTPS). See Line 6, later, for more

information.

Section references are to the Internal Revenue

Rounding. You may round amounts to

Foreign address. Follow the country’s

Code unless otherwise noted.

whole dollars. If you do round, leave the entry

practice for entering the postal code. In some

for the cents amounts blank. You can drop

countries the postal code may come before

Future developments. For the latest

amounts that are less than 50 cents, and

the city or town name. Enter the full name of

information about developments related to

increase amounts that are 50 cents or more to

the country using uppercase letters in English.

Form 730 and its instructions, such as

the next whole dollar. If you do round, do so

Line 1. Enter the gross amount of wagers

legislation enacted after they were published,

for all amounts. But if you have to add two or

go to

accepted during the month. Gross wagers are

more amounts to figure the amount to enter

the total of those wagers that are authorized

What’s New

on a line, include cents when adding and only

and those wagers that aren’t authorized by

round off the total.

the state in which they are accepted. Include

Effective January 2018, send Form 730 and/or

When to file. If you’re liable for the tax, file

all charges connected with placing the wager,

Form 730-V, Payment Voucher, to Ogden, UT.

Form 730 for each month by the last day of

including any fee or charge incident to placing

See Where to file, later, for the updated

the month following the month for which

the wager. If you can prove that the person

address.

you’re reporting taxable wagers. The IRS

placing the wager has paid a separate charge

General Instructions

won’t send you a notice that a return is due.

equal to the tax, don’t include that amount in

File a return each month whether or not you

the amount of the wager. Don’t include

Who must file. You must file Form 730 and

have taxable wagers to report. If you have no

laid-off wagers in this amount.

pay the tax on wagers under section 4401(a) if

tax to report, write “None” in the entry space

What is taxed. The tax applies only to

you:

for line 6 and sign and date Form 730. If you

wagers accepted in the United States or

stop accepting wagers, check the final return

• Are in the business of accepting wagers,

placed by a person who is in the United

box above line 1.

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

• Conduct a wagering pool or lottery, or

Where to file. Send your return to:

resident.

• Are required to be registered and you

Department of Treasury

Taxable wagers include those placed:

received wagers for or on behalf of another

Internal Revenue Service

person but didn’t report that person’s name

• On a sports event or contest with a person

Ogden, UT 84201-0100

and address.

engaged in the business of accepting wagers

on a sports event or contest;

Use Form 11-C, Occupational Tax and

Specific Instructions

Registration Return for Wagering, to register.

• In a wagering pool on a sports event or

contest if the pool is conducted for profit; or

Exempt organizations. Organizations

Name and address. Enter the name shown

exempt from income tax under section 501 or

• In a lottery conducted for profit, including

on the eligible entity’s most recently filed

521 are generally not exempt from the tax on

the numbers game, policy, punch boards, and

federal income tax return. Include the suite,

wagering or the occupational tax. However,

similar types of wagering.

room, or other unit number after the street

see Lottery, later, for an exception.

address. If the Post Office doesn’t deliver mail

to the street address and the entity has a P.O.

Completing Form 730. If you aren’t using

box, show the box number instead of the

the preaddressed Form 730, enter your name,

street address.

address, employer identification number (EIN),

and the month (MM) and year (YYYY) for

which this form is filed.

Form 730 - Monthly Tax Return For Wagers Page 2

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