This section explains the excise taxes you may have to pay and the
forms you have to file if you do any of the following.
- Manufacture or sell certain products.
- Operate certain kinds of businesses.
- Use various kinds of equipment, facilities, or
products.
- Receive payment for certain services.
For more information on excise taxes, see Publication 510,
Excise Taxes for 2002.
Form 720.
The federal excise taxes reported on Form 720, Quarterly
Federal Excise Tax Return, consist of several broad categories
of taxes, including the following.
- Environmental taxes on the sale or use of ozone-depleting
chemicals and imported products containing or manufactured with these
chemicals.
- Communications and air transportation taxes.
- Fuel taxes.
- Tax on the first retail sale of heavy trucks, trailers, and
tractors.
- Luxury tax on the first retail sale of passenger vehicles.
- Manufacturers taxes on the sale or use of a variety of
different articles.
Form 2290.
There is a federal excise tax on the use of certain trucks, truck
tractors, and buses on public highways. The tax applies to vehicles
having a taxable gross weight of 55,000 pounds or more. Report the tax
on Form 2290, Heavy Highway Vehicle Use Tax Return. For
more information, see the instructions for Form 2290.
ATF forms.
If you produce, sell, or import guns, tobacco, or alcohol products,
or if you manufacture equipment for their production, you may be
liable for one or more excise taxes. Report these taxes on forms filed
with the Bureau of Alcohol, Tobacco, and Firearms (ATF).
Depositing excise taxes.
If you have to file a quarterly excise tax return on Form 720, you
may have to deposit your excise taxes before the return is
due. For details on depositing excise taxes, see Publication 510.
Table 1-2. Checklists for going out of business
Previous | First | Next
Publication Index | 2001 Tax Help Archives | Tax Help Archives | Home
