Fillable Form 720x - Amended Quarterly Federal Excise Tax Return (Page 3 of 3) in pdf

Form 720X (Rev. 1-2009)

Page

Communications excise tax, toll telephone service. Collectors stopped

Line 3a

collecting and paying over the tax on nontaxable service billed after July

Collectors using the alternative method for deposits must adjust their

31, 2006. See Pub. 510 for the definition of nontaxable service. Collectors

separate accounts for any credits or refunds made to customers of the

using the regular method for deposits must use Form 720X to claim a

collector. Form 720X cannot be used for this purpose. For more

credit or refund for nontaxable service if the collector has repaid the tax to

information, see Alternative method in the Instructions for Form 720.

the person from whom the tax was collected, or obtained the consent of

that person to the allowance of the credit or refund. The refund period is

Line 5

for nontaxable service that was billed after February 28, 2003, and before

August 1, 2006. Collectors using the alternative method for deposits must

If you want your overpayment refunded to you, check the box for

adjust their separate accounts. For more information, see the Instructions

line 5a.

for Form 720, Notice 2006-50, and Notice 2007-11. You can find Notice

If you want your overpayment applied to your next Form 720, check the

2006-50 on page 1141 of Internal Revenue Bulletin 2006-25 at

box for line 5b and enter the quarter ending date of your next Form 720.

You can find Notice 2007-11 on

You can file Form 720X separately or you can attach it to your next

page 405 of Internal Revenue Bulletin 2007-5 at

Form 720.

Caution. If you checked the box on line 5b, be sure to include the

The above paragraph applies to nontaxable service billed to customers

overpayment amount on lines 6 and 7 on your next Form 720. See Form

of the collector. All Form 720 taxpayers, including collectors, must request

720 for details. If you owe other federal tax, interest, or penalty, the

a credit or refund on their 2006 federal income tax return for nontaxable

overpayment will first be applied to the unpaid amounts.

service paid by the taxpayer.

Line 6

Column (a). Enter the quarter ending date of the Form 720 you are

amending. If you are amending more than one quarter, make sure each

You can use line 6 for your explanation or you can attach additional sheets

quarter is clearly identified. Enter the date in the MMDDYYYY format. For

with your name and EIN as needed.

example, if you are adjusting the first quarter return for 2009, enter

Adjustments on line 1. For each adjustment, you must include a detailed

“03312009.”

description of the adjustment and the computation of the amount.

Column (d). Enter the tax amount for the IRS No. entered in column (b)

Adjustments on line 2. Any section 6426 credits must first be applied

as originally reported on Form 720 or as later adjusted by you or the IRS.

against your section 4041 or 4081 liability. To make an adjustment, you

Column (e). Enter the adjusted tax liability that should have been

must follow the instructions for lines 12, 13, and 14 in the Instructions for

reported for the IRS No. in column (b).

Form 720. For each adjustment you must attach a detailed explanation of

Column (f). If column (e) is greater than column (d), subtract column (d)

the adjustment, including your registration number, and the computation of

from column (e). This is an increase. If column (d) is greater than column

the amount. Your computation must include the number of gallons (or

(e), subtract column (e) from column (d). This is a decrease. Show the

gasoline gallon equivalents for compressed gas) and credit rate (as shown

decrease in parentheses.

above). You must include any information that is requested in the

Instructions for Form 720, lines 12, 13, and 14. For example, the Certificate

Line 2

for Biodiesel and, if applicable, Statement of Biodiesel Reseller must be

attached to Form 720X if it is the first claim filed that is supported by the

4051(d) tire credit. You must use line 2 to report any adjustment to the

certificate or statement. See the Instructions for Form 720 for more

section 4051(d) tire credit for a prior quarter. For example, if you report an

information.

additional taxable vehicle on line 1 for IRS No. 33, the applicable tire credit

is reported on line 2. Enter CRN 366 in column 2(b). See the Instructions

Certifications. On line 6 or a separate sheet of paper, you must include

for Form 720 for more information on the tire credit.

the applicable statement shown below.

6426 credits. You must use line 2 to report any adjustment to section 6426

Alcohol fuel mixture credit. Claimant produced an alcohol fuel mixture

credits, if (a) you are reporting a change to certain taxable fuel liability

by mixing taxable fuel with alcohol. The alcohol fuel mixture was sold by

(section 4081 liability in the case of mixtures or section 4041 liability in the

the claimant to any person for use as a fuel or was used as a fuel by the

case of alternative fuel) on line 1, or (b) you were unable to claim the

claimant.

credits against the section 4041 or 4081 liability on a prior Form 720

Biodiesel mixture credit. Claimant produced a mixture by mixing

because you were not registered. Section 6426 credits include the alcohol

biodiesel with diesel fuel. The biodiesel used to produce the mixture met

fuel mixture credit, biodiesel or renewable diesel mixture credit, alternative

ASTM D6751 and met EPA’s registration requirements for fuels and fuel

fuel credit, and alternative fuel mixture credit. Use a separate line for each

additives. The mixture was sold by the claimant to any person for use as a

adjustment. Enter the CRN from the table below in column 2(b). You must

fuel or was used as a fuel by the claimant. Claimant has attached the

also complete line 6.

Certificate for Biodiesel and, if applicable, the Statement of Biodiesel

Reseller.

Credit

CRN

Credit Rate

Renewable diesel mixture credit. Claimant produced a mixture by

Alcohol fuel mixture credit

mixing renewable diesel with liquid fuel (other than renewable diesel). The

renewable diesel used to produce the renewable diesel mixture was

Alcohol fuel mixtures containing ethanol

393

$ .51/.45*

derived from biomass, met EPA’s registration requirements for fuels and

.60

Alcohol fuel mixtures containing alcohol

394

fuel additives, and met ASTM D975, D396, or other equivalent standard

(other than ethanol)

approved by the IRS. The mixture was sold by the claimant to any person

for use as a fuel or was used as a fuel by the claimant. Claimant has

Biodiesel or renewable diesel mixture credit

attached the Certificate for Biodiesel and, if applicable, Statement of

Biodiesel (other than agri-biodiesel)

388

.50/1.00*

Biodiesel Reseller, both of which have been edited as discussed in the

mixtures

Instructions for Form 720.

Alternative fuel mixture credit. Claimant produced a mixture by mixing

390

1.00

Agri-biodiesel mixtures

taxable fuel with alternative fuel. Claimant certifies that it (a) produced the

307

1.00

Renewable diesel mixtures

alternative fuel, or (b) has in its possession the name, address, and EIN of

the person(s) that sold the alternative fuel to the claimant; the date of

Alternative fuel credit and alternative fuel mixture credit

purchase; and an invoice or other documentation identifying the amount of

426

.50

Liquefied petroleum gas (LPG)

the alternative fuel. The claimant also certifies that it made no other claim

for the amount of the alternative fuel, or has repaid the amount to the

.50

“P Series” fuels

427

government. The alternative fuel mixture was sold by the claimant to any

.50

Compressed natural gas (CNG)

428

person for use as a fuel or was used as a fuel by the claimant.

Liquefied hydrogen

429

.50

Signature

Any liquid fuel derived from coal (including

Form 720X must be signed by a person authorized by the entity to sign this

peat) through the Fischer-Tropsch process

430

.50

return. You must sign Form 720X even if it is filed with Form 720 to apply

Liquid fuel derived from biomass

431

.50

an overpayment.

.50

Liquefied natural gas (LNG)

432

Liquefied gas derived from biomass

436

.50

437

.50

Compressed gas derived from biomass

* This rate applies after December 31, 2008.

Form 720x - Amended Quarterly Federal Excise Tax Return Page 3

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