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Correction to Instructions for Form 720 (Rev. January 2013) -- 30-APR-2013

The Instructions for Form 720 (Rev. January 2013), page 5, under Gasoline (IRS No. 62), incorrectly refers to IRS No. 62(c). Please note the following corrected information.

IRS No. 62(c) was removed from Form 720. If you are liable for the gasoline tax because you have blended alcohol with taxed gasoline outside of the bulk transfer/terminal system, report these gallons of alcohol on the line for IRS No. 62(b). The tax rate per gallon is $.184.

Page Last Reviewed or Updated: 06-Nov-2013