Fillable Form 6627 - Environmental Taxes (Page 2 of 4) in pdf

Form 6627 (Rev. 1-2016)

Page

ODC Tax on Imported Products, IRS No. 19

Part III

Election. If you elect to report the tax on imported products at the time you import the products instead of when you sell or use

the products, check this box .

▶

(a)

(b)

(c)

(f)

(d)

(e)

Imported product and the

Number of

ODC weight of

Tax

Tax per pound

Entry value

applicable ODC

products

product

(see Part III instructions)

Total ODC tax on imported products. Add all amounts in column (f), include amounts from any

additional sheets. Enter the total here and on Form 720 on the line for IRS No. 19 .

▶

Tax on Floor Stocks of ODCs, IRS No. 20

Part IV

(c)

(d)

(a)

(b)

Tax per pound

Tax (multiply column (b)

ODC

Number of pounds

(see Part IV instructions)

by column (c))

Total floor stocks tax. Add all amounts in column (d), include amounts from any additional

sheets. Enter the total here and on Form 720 on the line for IRS No. 20

▶

General Instructions

For ODCs:

• The manufacturer or importer of ODCs who sells or uses

Section references are to the Internal Revenue Code unless

those ODCs;

otherwise noted.

• The importer of taxable products who sells or uses those

Future Developments

products; and

For the latest information about developments related to

• The person other than the manufacturer or importer of

Form 6627 and its instructions, such as legislation enacted

ODCs who holds ODCs for sale or use in manufacturing on

after they were published, go to

January 1, 2016.

What’s New

Specific Instructions

The tax rates for ozone-depleting chemicals (ODCs)

Part I. Tax on Petroleum (IRS Nos. 18 and 21)

in Parts II and III have increased for 2016. See the listing

below.

Crude oil. Tax is imposed on domestic crude oil when

it is received at a U.S. refinery. Crude oil includes crude oil

Purpose of Form

condensates and natural gasoline. The operator of

Use this form to figure the environmental tax on petroleum,

the refinery is liable for the tax. Tax is imposed on imported

ODCs, imported products that used ODCs as materials in

crude oil received at a U.S. refinery unless the imported

the manufacture or production of the product, and the floor

petroleum products tax was imposed when the imported

stocks tax on ODCs. If you need more lines for any part of

crude oil was entered into the United States. The operator of

the form, prepare additional sheets using the same format as

a U.S. refinery that receives imported crude oil must

the part. Attach the additional sheets with Form 6627 to

establish that tax was previously imposed on the imported

Form 720, Quarterly Federal Excise Tax Return. See Pub.

crude oil.

510, Excise Taxes, for more information on environmental

User or exporter of crude oil. Tax is imposed on domestic

taxes. See the Instructions for Form 720 for information on

crude oil used or exported before it is received at a U.S.

when and where to file Form 6627.

refinery. The user or exporter is liable for the tax. Crude oil

Who Must File

used for extracting oil or natural gas on the premises where

the crude oil is produced is not taxable.

For petroleum:

Imported petroleum products. Tax is imposed on

• The operator of the refinery that receives crude oil;

imported petroleum products when they are entered into the

United States for use, consumption, or warehousing.

• The user or exporter of crude oil before tax is imposed; and

Petroleum products include crude oil, refined and residual

• The person entering the petroleum products for

consumption, use, or warehousing.

6627

Form

(Rev. 1-2016)

Form 6627 - Environmental Taxes Page 2

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