Form 730

Form 730

A tax return that one files with the IRS to declare the tax liability on bets and wagers. Companies that takes wagers and organizations that conduct lotteries are required to file Form 730 on a monthly basis.
References in periodicals archive ?
Excise tax returns include the following four return types: Form 11C, Occupational Tax and Registration Return for Wagering, Form 720, Quarterly Federal Excise Tax Return; Form 730, Tax on Wagering; and Form 2290, Heavy Vehicle Use Tax Return.