Fillable Form 6627 - Environmental Taxes (Page 4 of 4) in pdf

Page

Form 6627 (Rev. 1-2013)

Part III. ODC Tax on Imported Products,

Column (e). If you are using the value method to figure the

tax, enter the entry value of the total number of imported

IRS No. 19

products.

An imported taxable product is any product entered into the

Column (f). Figure the tax due by multiplying the number

United States for consumption, use, or warehousing if any

of products in column (b) by the ODC weight in column (c) by

ODC was used as material in the manufacture or production

the tax per pound in column (d). If you are using the value

of the product. The product must also be listed in the

method, multiply the 1% (.01) rate in column (d) by the entry

imported products table issued by the IRS. See Regulations

value in column (e).

section 52.4682-3(f)(6). The tax is based on the weight of

ODCs used in the manufacture of the product. If the weight

Part IV. Tax on Floor Stocks of ODCs, IRS

cannot be determined under the exact method or table

No. 20

method (see below), the tax is 1% of the entry value of the

The floor stocks tax for 2013 is imposed on the

product (value method).

following ODCs.

Importer election. Generally, an imported taxable product

Tax Per

is taxed when it is sold or used by the importer. However, an

ODCs:

Pound in 2013

importer may elect to treat the entry of products into the

United States as the use of such products. This election

CFC-11 .

. $0.45

applies to all products held by the importer when the

CFC-12 .

0.45

election becomes effective. It also applies to all products the

CFC-113 .

0.36

importer enters into the United States after the election

CFC-114 .

0.45

becomes effective. If an election applies to an imported

CFC-115 .

0.27

taxable product, tax is imposed on the product on the date

of entry. To make the election, check the box in Part III,

Halon-1211

1.35

under Election. This election may be revoked only with the

Halon-1301

4.50

consent of the IRS.

Halon-2402

2.70

Figure the ODC weight of the product as follows:

Carbon tetrachloride .

0.495

Methyl chloroform

0.045

Exact method. If you determine the weight of each ODC

CFC-13, CFC-111, CFC-112, and CFC-211 through

used as a material in the manufacture of the product and you

CFC-217 .

0.45

can support this determination, the ODC weight is the weight

you determine.

The tax per pound rates above are figured using

▲

the ozone-depletion factor. Do not multiply the tax

Table method. If you do not use the exact method and

per pound by the ozone-depletion factor.

the ODC weight is listed in the imported products table, use

CAUTION

the ODC weight listed to figure the tax. See Pub. 510 for

more information.

For 2013, you are liable for the floor stocks tax if, on

January 1, you hold any of the following:

Figure the tax for Part III:

1. At least 400 pounds of ODCs, other than halons or

Column (a). Enter the imported product and the

methyl chloroform, subject to the floor stocks tax,

applicable ODC. Use additional lines if there is more than

one ODC.

2. At least 50 pounds of halons, or

Column (b). Enter the number of taxable products

3. At least 1,000 pounds of methyl chloroform.

imported.

Report the tax on Form 6627 and Form 720 for the

Column (c). Enter the ODC weight of the product in

second calendar quarter of 2013. Payment of the tax is due

pounds. If you are using the value method, do not complete

by June 30, 2013.

this column.

Column (c). Enter the tax per pound using the chart above.

Column (d). Enter the tax per pound from the chart in the

instructions for Part II, earlier. If you are using the value

method, enter 1% (.01).

Form 6627 - Environmental Taxes Page 4

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