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

Form 730 (Rev. 12-2013)

Page

Specific Instructions

Form 730-V, Payment

• Enclose your check or money order made

payable to “United States Treasury.” Be sure

Voucher

to enter your name, address, EIN, “Form 730,”

Box 1. If you do not have an EIN, you may

and the tax period on your check or money

apply for one online. Go to the IRS website at

Purpose of Form

order. Do not send cash. Do not staple this

and click on the

voucher or your payment to Form 730 (or to

“Employer ID Numbers (EINs)” link. You may

each other).

also apply for an EIN by telephone by calling

Complete Form 730-V if you are making a

1-800-829-4933, or you can fax or mail Form

payment by check or money order with Form

• Detach the completed voucher and send it

SS-4, Application for Employer Identification

with your payment and Form 730. See Where

730, Monthly Tax Return for Wagers. We will

Number, to the IRS.

use the completed voucher to credit your

to file, later.

payment more promptly and accurately, and

Box 2. Enter the amount paid from line 6 of

to improve our service to you.

Form 730.

If you have your return prepared by a third

Box 3. Enter the same date you entered on

party and a payment is required, provide this

page 1of Form 730.

payment voucher to the return preparer.

Box 4. Enter your name and address as

Do not file Form 730-V if you are paying the

shown on Form 730.

balance due on Form 730, line 6, using the

Electronic Federal Tax Payment System

(EFTPS). See Line 6 for more information.

Rounding. You may round amounts to

Section references are to the Internal Revenue

room, or other unit number after the street

Code unless otherwise noted.

whole dollars. If you do round, leave the entry

address. If the Post Office does not deliver

for the cents amounts blank. You can drop

mail to the street address and the entity has a

Future developments. For the latest

amounts that are less than 50 cents, and

P.O. box, show the box number instead of the

information about developments related to

increase amounts that are 50 cents or more to

street address.

Form 730 and its instructions, such as

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

Foreign address. Follow the country's

legislation enacted after they were published,

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

practice for entering the postal code. In some

go to

more amounts to figure the amount to enter

countries the postal code may come before

General Instructions

on a line, include cents when adding and only

the city or town name. Enter the full name of

round off the total.

the country using uppercase letters in English.

Who must file. You must file Form 730 and

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

Line 1. Enter the gross amount of wagers

pay the tax on wagers under section 4401(a)

Form 730 for each month by the last day of

accepted during the month. Gross wagers

if you:

the month following the month for which you

are the total of those wagers that are

• Are in the business of accepting wagers,

are reporting taxable wagers. The IRS will not

authorized and those wagers that are not

send you a notice that a return is due. File a

authorized by the state in which they are

• Conduct a wagering pool or lottery, or

return each month whether or not you have

accepted. Include all charges connected with

• Are required to be registered and you

taxable wagers to report. If you have no tax to

placing the wager, including any fee or charge

received wagers for or on behalf of another

report, write “None” in the entry space for line

incident to placing the wager. If you can prove

person but did not report that person’s name

6 and sign and date Form 730. If you stop

that the person placing the wager has paid a

and address.

accepting wagers, check the final return box

separate charge equal to the tax, do not

Use Form 11-C, Occupational Tax and

above line 1.

include that amount in the amount of the

Registration Return for Wagering, to register.

wager. Do not include laid-off wagers in this

Where to file. Send your return to:

amount.

Exempt organizations. Organizations

Department of Treasury

exempt from income tax under section 501 or

What is taxed. The tax applies only to

Internal Revenue Service

521 are generally not exempt from the tax on

wagers accepted in the United States or

wagering or the occupational tax. However,

Cincinnati, OH 45999-0100

placed by a person who is in the United

see Lottery, later, for an exception.

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

resident.

Completing Form 730. If you are not using

Specific Instructions

Taxable wagers include those placed:

the preaddressed Form 730, enter your

name, address, employer identification

Name and address. Enter the name shown

• On a sports event or contest with a person

number (EIN), and the month (MM) and year

on the eligible entity's most recently filed

engaged in the business of accepting wagers

(YYYY) for which this form is filed.

federal income tax return. Include the suite,

on a sports event or contest;

Form 730 - Monthly Tax Return For Wagers Page 2

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