Fill - Free fillable Form 730 2017 Monthly Tax Return for Wagers PDF form

Form 730

(Rev. December 2017)

Department of the Treasury

Internal Revenue Service

Monthly Tax Return for Wagers

(Section 4401 of the Internal Revenue Code)

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Go to www.irs.gov/Form730 for the latest information.

OMB No. 1545-0235

For IRS Use Only

Enter your

name,

address,

employer

identification

number,

and

month and

year of

return.

▲

Name

Number, street, and room or suite no.

City or town, state or province, country, and ZIP or foreign postal code

Month and year

Employer identification number

Check applicable boxes: Final return Address change

Gross amount of wagers accepted during month (not including laid-off wagers) (see instructions) . .

2 Gross amount of laid-off wagers accepted during month (see instructions) . . . . . . . .

3 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . .

Tax on wagers authorized under the law of the state in which

accepted. Enter the amount of these wagers included in line

3; multiply by the amount shown and enter the result . . .

$ ×

0.0025 =

Tax on wagers other than wagers described on line 4a. Enter

the amount of these wagers included in line 3; multiply by the

amount shown and enter the result . . . . . . . . .

$ × 0.02 = 4b

c Tax on wagers. Add lines 4a and 4b . . . . . . . . . . . . . . . . . . . . . 4c

5 Credits. No credit is allowed unless supported by evidence (see instructions) . . . . . . .

6 Balance due. Subtract line 5 from line 4c (see instructions) . . . . . . . . . . . . . 6

File this return, your payment, and voucher with the IRS as shown under Where to file in the instructions. Make your check or money

order payable to “United States Treasury.” Write your name, address, EIN, “Form 730,” and the tax period on it.

Sign

Here

Under penalties of perjury, I declare that I have examined this return, including any accompanying certificates and statements, and to the best of my

knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any

knowledge.

Keep a copy

of this return

for your

records.

▲

Signature

Type or print your name below signature.

▲

Date

Paid

Preparer

Use Only

Print/Type preparer’s name Preparer’s signature Date

Check if

self-employed

PTIN

Firm’s name

▶

Firm’s address

▶

Firm’s EIN

▶

Phone no.

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 20585U

Form 730 (Rev. 12-2017)

▼

Detach Here and Mail With Your Payment and Form 730.

▼

Form 730-V

Form

730-V

(Rev. December 2017)

Department of the Treasury

Internal Revenue Service

Payment Voucher

▶

Don’t staple or attach this voucher to your payment.

OMB No. 1545-0235

Enter your employer identification

number.

Enter the amount of your payment.

▶

Make your check or money order payable to “United States Treasury”

Dollars Cents

Enter year and month as shown on Form 730.

Y Y Y Y M

Send Form 730, this voucher, and payment to:

Department of the Treasury

Internal Revenue Service

Ogden, UT 84201-0100

Enter your business name (individual name if sole proprietor).

Enter your address.

Enter your city, state, and ZIP code.

Form 730 (Rev. 12-2017)

Page 2

Form 730-V, Payment Voucher

Purpose of Form

Complete Form 730-V if you’re making a

payment by check or money order with

Form 730. We will use the completed voucher

to credit your payment more promptly and

accurately, and to improve our service to you.

If you have your return prepared by a third

party and a payment is required, provide this

payment voucher to the return preparer.

Don’t file Form 730-V if you’re paying the

balance due on Form 730, line 6, using the

Electronic Federal Tax Payment System

(EFTPS). See Line 6, later, for more

information.

Specific Instructions

Box 1. If you don’t have an EIN, you may

apply for one online. Go to the IRS website at

www.irs.gov/EIN. You also may apply for an

EIN by faxing or mailing Form SS-4,

Application for Employer Identification

Number, to the IRS.

Box 2. Enter the amount paid from line 6 of

Form 730.

Box 3. Enter the same date you entered on

page 1 of Form 730.

Box 4. Enter your name and address as

shown on Form 730.

• Enclose your check or money order made

payable to “United States Treasury.” Be sure

to enter your name, address, EIN, “Form

730,” and the tax period on your check or

money order. Don’t send cash. Don’t staple

this voucher or your payment to Form 730 (or

to each other).

• Detach the completed voucher and send it

with your payment and Form 730. See Where

to file, later.

Section references are to the Internal Revenue

Code unless otherwise noted.

Future developments. For the latest

information about developments related to

Form 730 and its instructions, such as

legislation enacted after they were published,

go to www.irs.gov/Form730.

What’s New

Effective January 2018, send Form 730 and/or

Form 730-V, Payment Voucher, to Ogden, UT.

See Where to file, later, for the updated

address.

General Instructions

Who must file. You must file Form 730 and

pay the tax on wagers under section 4401(a) if

you:

• Are in the business of accepting wagers,

• Conduct a wagering pool or lottery, or

• Are required to be registered and you

received wagers for or on behalf of another

person but didn’t report that person’s name

and address.

Use Form 11-C, Occupational Tax and

Registration Return for Wagering, to register.

Exempt organizations. Organizations

exempt from income tax under section 501 or

521 are generally not exempt from the tax on

wagering or the occupational tax. However,

see Lottery, later, for an exception.

Completing Form 730. If you aren’t using

the preaddressed Form 730, enter your name,

address, employer identification number (EIN),

and the month (MM) and year (YYYY) for

which this form is filed.

Rounding. You may round amounts to

whole dollars. If you do round, leave the entry

for the cents amounts blank. You can drop

amounts that are less than 50 cents, and

increase amounts that are 50 cents or more to

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

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

more amounts to figure the amount to enter

on a line, include cents when adding and only

round off the total.

When to file. If you’re liable for the tax, file

Form 730 for each month by the last day of

the month following the month for which

you’re reporting taxable wagers. The IRS

won’t send you a notice that a return is due.

File a return each month whether or not you

have taxable wagers to report. If you have no

tax to report, write “None” in the entry space

for line 6 and sign and date Form 730. If you

stop accepting wagers, check the final return

box above line 1.

Where to file. Send your return to:

Department of Treasury

Internal Revenue Service

Ogden, UT 84201-0100

Specific Instructions

Name and address. Enter the name shown

on the eligible entity’s most recently filed

federal income tax return. Include the suite,

room, or other unit number after the street

address. If the Post Office doesn’t deliver mail

to the street address and the entity has a P.O.

box, show the box number instead of the

street address.

Foreign address. Follow the country’s

practice for entering the postal code. In some

countries the postal code may come before

the city or town name. Enter the full name of

the country using uppercase letters in English.

Line 1. Enter the gross amount of wagers

accepted during the month. Gross wagers are

the total of those wagers that are authorized

and those wagers that aren’t authorized by

the state in which they are accepted. Include

all charges connected with placing the wager,

including any fee or charge incident to placing

the wager. If you can prove that the person

placing the wager has paid a separate charge

equal to the tax, don’t include that amount in

the amount of the wager. Don’t include

laid-off wagers in this amount.

What is taxed. The tax applies only to

wagers accepted in the United States or

placed by a person who is in the United

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

resident.

Taxable wagers include those placed:

• On a sports event or contest with a person

engaged in the business of accepting wagers

on a sports event or contest;

• In a wagering pool on a sports event or

contest if the pool is conducted for profit; or

• In a lottery conducted for profit, including

the numbers game, policy, punch boards, and

similar types of wagering.

Form 730 (Rev. 12-2017)

Page 3

Sports event. A sports event includes

every type of amateur, scholastic, or

professional sports competition, such as auto

racing, baseball, basketball, billiards, bowling,

boxing, cards, checkers, cricket, croquet, dog

racing, football, golf, gymnastics, hockey,

horse racing, lacrosse, rugby, soccer, squash,

tennis, track, tug of war, and wrestling.

Contest. A contest is any competition

involving speed, skill, endurance, popularity,

politics, strength, or appearance, such as

elections, the outcome of nominating

conventions, dance marathons, log-rolling

contests, wood-chopping contests,

weightlifting contests, beauty contests, and

spelling bees.

Wagering pool. A wagering pool

conducted for profit includes any method or

scheme for giving prizes to one or more

winning bettors based on the outcome of a

sports event, a contest, or a combination or

series of these events or contests if the

wagering pool is managed and conducted for

the purpose of making a profit. A wagering

pool or lottery may be conducted for profit

even if a direct profit doesn’t occur. If you

operate the wagering pool or lottery with the

expectation of a profit in the form of increased

sales, attendance, or other indirect benefits,

you conduct it for profit.

Lottery. This includes the numbers game,

policy, punch boards, and similar types of

wagering. In general, a lottery conducted for

profit includes any method or scheme for the

distribution of prizes among persons who

have paid or promised to pay for a chance to

win the prizes. The winning prizes are usually

determined by the drawing of numbers,

symbols, or tickets from a wheel or other

container, or by the outcome of a given event.

It doesn’t include either of the following

kinds of events.

• Games of a type in which usually the wagers

are placed, winners are determined, and the

prizes are distributed in the presence of

everyone who placed a wager. Card games,

roulette games, dice games, bingo, keno, and

gambling wheels usually fall within this

exception.

• Drawings conducted by a tax-exempt

organization, if the net proceeds of the

drawing don’t benefit a private shareholder or

individual.

What isn’t taxed. The tax isn’t imposed on

the following five items.

• Parimutuel wagering, including horse racing,

dog racing, and jai alai, when it’s licensed

under state law.

• Coin-operated devices, such as slot

machines, pinball machines, or video games.

• Sweepstakes, wagering pools, or lotteries

that are conducted by an agency of a state, if

the wager is placed with the state agency or

its authorized agents or employees.

• Games of the type in which all persons

placing wagers in the game are present when

wagers are placed, winners are determined,

and prizes or other property are distributed.

• Drawings conducted by an organization

exempt from tax under sections 501 and 521,

as long as the net proceeds of the drawing

don’t benefit a private shareholder or

individual.

Line 2. Enter the gross amount of any laid-off

wagers accepted during the month. Gross

laid-off wagers are the total of those laid-off

wagers that are authorized and those that

aren’t authorized by the state in which they

are accepted.

Lines 4a and 4b. Enter the applicable amount

included in line 3. Multiply the amount by the

rate shown and enter the result. The rate of

tax depends on whether the wager is

authorized by the laws of the state in which

the wager was accepted. The lower rate

applies to wagers that are authorized by state

law.

Line 5. You may be able to claim a credit for

the amount of any overpayment of tax or for

the amount of tax imposed with respect to a

wager that you laid off. You may also use

Schedule 6 (Form 8849), Other Claims, to

make a claim for refund.

Credit for an overpayment of tax.

Generally, you may claim a credit for any

overpayment of tax. The claim must be filed

within 3 years from the time the Form 730

reporting the tax was filed or 2 years from the

time the tax was paid, whichever is later. No

credit is allowed unless a statement of the

facts involving the overpayment is attached

that includes the following information.

• An explanation of the reason for claiming a

credit.

• The date of payment and the amount of the

tax.

• Whether any previous claim covering the

amount involved, or any part, has been filed.

• A statement that you:

1. Haven’t collected (whether as a separate

charge or otherwise) the amount of the tax

from the person that placed the wager on

which the tax was imposed, or

2. Have repaid the amount of the tax to the

person that placed the wager, or

3. Have the written consent of the person

that placed the wager to the allowance of the

credit. The consent must be attached to the

return.

Note. If the overpayment relates to a laid-off

wager accepted by you, one of the three

statements in the previous bullet must be

attached for both the person who placed the

laid-off wager with you and the person who

placed the original wager.

Credit for wagers laid off by you. If you

accept a wager and lay off all or a part of that

wager with a person who is liable for tax,

follow the rules below to claim a credit

depending on whether or not you paid the tax.

If you haven’t paid the tax, you may claim a

credit on Form 730 in the amount of the tax

due for the laid-off wager, if the certificate

described in Regulations section 44.6419-2(d)

is attached to Form 730 for the month during

which the wager was accepted and laid off.

If you have paid the tax, you may claim a

credit for the tax paid on the laid-off amount.

The claim must be filed within 3 years from

the time the return reporting the tax was filed

or 2 years from the time the tax was paid,

whichever is later. Interest won’t be allowed

on a credit for the tax imposed on a wager

that you laid off.

No credit is allowed unless the following

information is attached to the return for each

laid-off wager:

• The certificate described in Regulations

section 44.6419-2(d).

• A statement that includes (a) the reason for

the credit, (b) the month in which the tax was

paid, (c) the date of payment, and (d) whether

any previous claim covering all or part of the

amount involved has been filed.

Line 6. If line 4c is more than line 5, enter the

difference on line 6. You don’t have to pay if

line 6 is under $1.00. You may pay the

amount shown on line 6 using the Electronic

Federal Tax Payment System (EFTPS) or by

check or money order. If you pay using

EFTPS, don’t file Form 730-V, Payment

Voucher.

Electronic payment. Now, more than ever

before, businesses can enjoy the benefits of

paying their federal taxes electronically.

Whether you rely on a tax professional or

handle your own taxes, the IRS offers you a

convenient program to make it easier. Spend

less time on taxes and more time running your

business. Use EFTPS to your benefit. For

information on EFTPS, visit www.eftps.gov or

call EFTPS Customer Service at

1-800-555-4477.

Paid Preparer Use Only

A paid preparer must sign Form 730 and

provide the information in the Paid Preparer

Use Only section at the end of the form if the

preparer was paid to prepare the form and

isn’t an employee of the filing entity. The

preparer must give you a copy of the form in

addition to the copy to be filed with the IRS.

If you’re a paid preparer, enter your

Preparer Tax Identification Number (PTIN) in

the space provided. If you work for a tax

preparation firm, you must also enter the

firm’s name, address, and EIN. However, you

can’t use the PTIN of the tax preparation firm

in place of your PTIN.

You can apply for a PTIN online or by filing

Form W-12, IRS Paid Preparer Tax

Identification Number (PTIN) Application and

Renewal. For more information about applying

for a PTIN online, visit the IRS website at

www.irs.gov/PTIN.

Form 730 (Rev. 12-2017)

Page 4

Recordkeeping. Keep copies of your tax

returns, records, and accounts of all

transactions to show that the correct

tax has been paid. Keep records to support

all adjustments claimed and all exemptions at

least 4 years from the latest of the following

dates: when the tax became due, when

you paid the tax, when you claimed an

adjustment, or when you filed a claim for

refund. Always keep your records available for

IRS inspection.

Penalties. Avoid penalties and interest by

filing returns and paying taxes when due. The

law provides penalties for filing a return late,

paying taxes late, failing to file a return,

negligence, and fraud. These penalties are in

addition to the interest charge on late

payments. The penalty for filing a return late

or paying the tax late won’t be imposed if you

can show that the failure to file a timely return

or timely pay the tax is due to reasonable

cause.

If you receive a notice about a penalty after

you file this return, reply to the notice with an

explanation and we will determine if you meet

reasonable-cause criteria. Don’t attach an

explanation when you file your return.

Taxpayer Advocate Service

Is Here To Help You

What Is the Taxpayer Advocate

Service?

The Taxpayer Advocate Service (TAS) is an

independent organization within the IRS that

helps taxpayers and protects taxpayer rights.

Our job is to ensure that every taxpayer is

treated fairly and that you know and

understand your rights under the Taxpayer Bill

of Rights.

What Can the Taxpayer Advocate

Service Do For You?

We can help you resolve problems that you

can’t resolve with the IRS. And our service is

free. If you qualify for our assistance, you will

be assigned to one advocate who will work

with you throughout the process and will do

everything possible to resolve your issue. TAS

can help you if:

• Your problem is causing financial difficulty

for you, your family, or your business,

• You face (or your business is facing) an

immediate threat of adverse action, or

• You’ve tried repeatedly to contact the IRS

but no one responded, or the IRS hasn’t

responded by the date promised.

How Can You Reach Us?

We have offices in every state, the District of

Columbia, and Puerto Rico. Your local

advocate’s number is in your local directory

and at www.irs.gov/advocate/local-taxpayer-

advocate. You also can call us at

1-877-777-4778.

How Can You Learn About Your

Taxpayer Rights?

The Taxpayer Bill of Rights describes 10 basic

rights that all taxpayers have when dealing

with the IRS. Our Tax Toolkit at

TaxpayerAdvocate.IRS.gov can help you

understand what these rights mean to you

and how they apply. These are your rights.

Know them. Use them.

How Else Does the Taxpayer

Advocate Service Help Taxpayers?

TAS works to resolve large-scale problems

that affect many taxpayers. If you know of one

of these broad issues, please report it to us at

IRS.gov/SAMS.

Low Income Taxpayer Clinics

Low Income Taxpayer Clinics (LITCs) are

independent from the IRS. LITCs represent

individuals whose income is below a certain

level and need to resolve tax problems with

the IRS, such as audits, appeals, and tax

collection disputes. In addition, clinics can

provide information about taxpayer rights and

responsibilities in different languages for

individuals who speak English as a second

language. Services are offered for free or a

small fee. To find a clinic near you, visit

TaxpayerAdvocate.IRS.gov/LITCmap or see

IRS Publication 4134, Low Income Taxpayer

Clinic List.

Disclosure of information on wagering

taxes. Except for administering or enforcing

Internal Revenue taxes, neither the Treasury

Department nor any of its employees may

disclose documents, records, or information

obtained through them that a taxpayer

supplies in connection with wagering taxes.

Also, certain documents related to wagering

taxes and information obtained through them

that relates to wagering taxes may not be

used against the taxpayer in any nontax

criminal proceeding. See section 4424 for

more details.

Paperwork Reduction Act Notice. We ask

for the information on Form 730 to carry out

the Internal Revenue laws of the United

States. You’re required to give us the

information. We need it to ensure that you’re

complying with these laws and to allow us to

figure and collect the right amount of tax.

Section 4401 imposes a tax on wagering.

Form 730 is used to determine the amount of

the tax. Routine uses of this information

include giving it to the Department of Justice

for civil and criminal litigation, and to cities,

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

commonwealths and possessions for use in

administering their tax laws. We may also

disclose this information to other countries

under a tax treaty, to federal and state

agencies to enforce federal nontax criminal

laws, or to federal law enforcement and

intelligence agencies to combat terrorism. If

you fail to provide this information in a timely

manner or provide false information, you may

be liable for penalties and interest.

You aren’t required to provide the

information requested on a form that is

subject to the Paperwork Reduction Act

unless the form displays a valid OMB control

number. Books or records relating to a form

or its instructions must be retained as long as

their contents may become material in the

administration of any Internal Revenue law.

Generally, tax returns and return information

are confidential, as required by section 6103.

The time needed to complete and file

Form 730 will vary depending on individual

circumstances. The estimated average times

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

about the law or the form, 47 min.;

Preparing, copying, assembling, and

sending the form to the IRS, 56 min.

If you have comments concerning the

accuracy of these time estimates or

suggestions for making Form 730 simpler, we

would be happy to hear from you. You can

send us comments from www.irs.gov/

FormComments. Or you can write to:

Internal Revenue Service

Tax Forms and Publications

SE:W:CAR:MP:TFP

1111 Constitution Ave. NW, IR-6526

Washington, DC 20224

Don’t send Form 730 to this office. Instead,

see Where to file, earlier.

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