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Publication 510 2003 Tax Year

Publication 510
Introductory Material

This is archived information that pertains only to the 2003 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

Table of Contents

Important Changes

New tax rates. The tax rates for gasohol and for gasoline removed or entered for the production of gasohol have increased for 2003. See Form 720 for the new rates that apply to these fuels.

Air transportation taxes. For amounts paid during 2003, the tax on the use of international air travel facilities is $13.40 for flights that begin or end in the United States or $6.70 for domestic segments that begin or end in Alaska or Hawaii (applies only to departures).

Termination of luxury car tax. The luxury tax on a passenger vehicle does not apply after 2002.

Important Reminders

Deposit threshold. You do not have to deposit excise taxes for a calendar quarter if the net tax liability for the quarter is not more than $2,500.

Deposit due dates. One deposit rule, the regular method, applies for all taxes that have to be deposited other than those deposited under the alternative method. See When To Make Deposits under Paying the Taxes, later.

Amount to deposit and safe harbor rule. Your deposit of taxes for a semimonthly period generally must be at least 95% of your net tax liability incurred during that period, unless the safe harbor rule applies. See Amount of Deposits and Safe Harbor Rule under Paying the Taxes, later.

Amended Form 720. Use Form 720X to make adjustments to liability reported on Forms 720 filed for previous quarters.

Photographs of missing children. The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. You can help bring these children home by looking at the photographs and calling 1–800–THE–LOST (1–800–843– 5678) if you recognize a child.

Introduction

This publication covers the excise taxes for which you may be liable during 2003. It covers the excise taxes reported on Form 720. It also provides information on wagering activities reported on Forms 11–C and 730.

Comments and suggestions.

We welcome your comments about this publication and your suggestions for future editions.

You can e-mail us while visiting our web site at www.irs.gov.

You can write to us at the following address:


Internal Revenue Service
Tax Forms and Publications
W:CAR:MP:FP
1111 Constitution Ave. NW
Washington, DC 20224

We respond to many letters by telephone. Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence.

Useful Items - You may want to see:

Publication

  • 378 Fuel Tax Credits and Refunds
  • 509 Tax Calendars for 2003

Form (and Instructions)

  • 11–C Occupational Tax and Registration Return for Wagering
  • 637 Application for Registration (For Certain Excise Tax Activities)
  • 720 Quarterly Federal Excise Tax Return
  • 720–TO Terminal Operator Report
  • 720–CS Carrier Summary Report
  • 720X Amended Quarterly Federal Excise Tax Return
  • 730 Monthly Tax Return on Wagering
  • 1363 Export Exemption Certificate
  • 2290 Heavy Highway Vehicle Use Tax Return
  • 2290–EZ Heavy Highway Vehicle Use Tax Return for Filers With a Single Vehicle
  • 4136 Credit for Federal Tax Paid on Fuels
  • 6197 Gas Guzzler Tax
  • 6478 Credit for Alcohol Used as Fuel
  • 6627 Environmental Taxes
  • 8849 Claim for Refund of Excise Taxes

See How To Get Tax Help near the end of this publication for information about getting publications and forms.

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