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

Form 730 (Rev. 12-2013)

Page

Recordkeeping. Keep copies of your tax

Disclosure of information on wagering

You are not required to provide the

returns, records, and accounts of all

taxes. Except for administering or enforcing

information requested on a form that is

Internal Revenue taxes, neither the Treasury

subject to the Paperwork Reduction Act

transactions to show that the correct

tax has been paid. Keep records to support all

Department nor any of its employees may

unless the form displays a valid OMB control

adjustments claimed and all exemptions at

disclose documents, records, or information

number. Books or records relating to a form or

obtained through them that a taxpayer

least 4 years from the latest of the following

its instructions must be retained as long as

dates: when the tax became due, when

supplies in connection with wagering taxes.

their contents may become material in the

you paid the tax, when you claimed an

Also, certain documents related to wagering

administration of any Internal Revenue law.

adjustment, or when you filed a claim for

taxes and information obtained through them

Generally, tax returns and return information

refund. Always keep your records available for

that relates to wagering taxes may not be

are confidential, as required by section 6103.

used against the taxpayer in any nontax

IRS inspection.

The time needed to complete and file Form

criminal proceeding. See section 4424 for

Penalties. Avoid penalties and interest by

730 will vary depending on individual

more details.

filing returns and paying taxes when due. The

circumstances. The estimated average times

law provides penalties for filing a return late,

are: Recordkeeping, 6 hr., 27 min.; Learning

Paperwork Reduction Act Notice. We ask

about the law or the form, 47 min.;

paying taxes late, failing to file a return,

for the information on Form 730 to carry out

Preparing, copying, assembling, and

negligence, and fraud. These penalties are in

the Internal Revenue laws of the United

addition to the interest charge on late

sending the form to the IRS, 56 min.

States. You are required to give us the

payments. The penalty for filing a return late or

If you have comments concerning the

information. We need it to ensure that you are

paying the tax late will not be imposed if you

accuracy of these time estimates or

complying with these laws and to allow us to

can show that the failure to file a timely return

suggestions for making Form 730 simpler, we

figure and collect the right amount of tax.

or timely pay the tax is due to reasonable

would be happy to hear from you. You can

Section 4401 imposes a tax on wagering.

cause.

send your comments to:

Form 730 is used to determine the amount of

If you receive a notice about a penalty after

Internal Revenue Service

the tax. Routine uses of this information

you file this return, reply to the notice with an

Tax Forms and Publications

include giving it to the Department of Justice

explanation and we will determine if you meet

SE:W:CAR:MP:TFP

for civil and criminal litigation, and to cities,

reasonable-cause criteria. Do not attach an

1111 Constitution Ave. NW, IR-6526

states, and the District of Columbia, and U.S.

explanation when you file your return.

Washington, DC 20224

commonwealths and possessions for use in

Unresolved tax problems. The Taxpayer

Do not send Form 730 to this address.

administering their tax laws. We may also

Advocate’s office may assign a personal

Instead, see Where to file above.

disclose this information to other countries

advocate to taxpayers who have been unable

under a tax treaty, to federal and state

to resolve their problems with the IRS. You

agencies to enforce federal nontax criminal

can write to the Taxpayer Advocate at the IRS

laws, or to federal law enforcement and

office that last contacted you or call a toll-free

intelligence agencies to combat terrorism. If

assistance number, 1-877-777-4778. Persons

you fail to provide this information in a timely

who are deaf, hard of hearing, or have a

manner or provide false information, you may

speech disability and have access to TTY/

be liable for penalties and interest.

TDD equipment may call 1-800-829-4059 to

ask for help from the Taxpayer Advocate.

This office cannot change the law or technical

decisions, but it can help clear up problems

that resulted from previous contacts.

Form 730 - Monthly Tax Return For Wagers Page 4

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