Excise Table Warranty For Free

Use Form 8949 to report sales and exchanges of capital assets. Form 8949 allows you and the IRS to reconcile amounts that were reported to you and the IRS on Forms 1099-B or 1099-S (or substitute statements) with the amounts you report on your return.

What are excise taxes? Excise taxes are federal or state taxes placed on commodities such as alcohol, tobacco, and gasoline.

(15) The provision reduced the tax rate applicable to new highway tires to 9.75 cents per pound and for non-highway tires to 4.875 cents per pound....Legislative History and Rationale. Weight of TireTax40 -70 lbs15 cents per lb. over 40 lbs.70 -90 lbs.$4.50 plus 30 cents per lb. over 70 lbs.2 more rows ?

A person who has paid and reported a section 4081 tax to the government on taxable fuel uses Schedule 5 (Form 8849) to claim a refund of that tax if a prior section 4081 tax on that fuel has also been paid and reported to the government. Schedule 5 (Form 8849)

IRS is currently accepting electronically-filed Form 8849, Schedules 1, 2, 3, 5, 6 and 8. Check with approved e-file transmitters for which schedules they offer.

Key Takeaways An excise tax is similar to a sales tax, but it's levied only on certain products or services. The most common excise taxes are imposed on tobacco, alcohol, and gasoline.The tax is generally payable by the manufacturer.

Who Must File IRS Form 8849? Form 8849 can be e-filed by anyone who needs to claim a refund, or credit, for sold/stolen/destroyed vehicles, or for vehicles that did not exceed the mileage limit, on heavy vehicle use taxes that have been previously paid.