Get Irs 6627 2022

Filling out the IRS Form 6627 is essential for reporting environmental taxes related to petroleum and ozone-depleting chemicals. This guide will provide you with a step-by-step approach to complete the form accurately and efficiently online.

Follow the steps to complete your IRS 6627 online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter your name as it appears on Form 720 in the designated field.
3. Fill in the quarter ending date to indicate the reporting period.
4. In Part I, report the quantities of crude oil received at the U.S. refinery in column (a) and the corresponding tax rates in column (b). Calculate the tax amounts and record them in column (c).
5. Proceed to Part II to report the taxes on ozone-depleting chemicals. Indicate the number of pounds in column (b) and calculate the tax per pound based on the tax rates provided, entering total taxes in column (d).
6. For Part III, fill in details regarding imported products and the applicable ozone-depleting chemicals. Repeat the process of entering data for the number of products, weights, and tax per pound.
7. Complete Part IV by reporting floor stocks of ozone-depleting chemicals. Ensure you adhere to the weight thresholds for reporting.
8. Once all sections are filled out, review your entries for accuracy. Save the completed form, and you may choose to download, print, or share it as necessary.

Start completing your IRS 6627 online today for accurate reporting.