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ITG FAQ #1 Answer-What is Form 6627, Environmental Taxes, and what is its purpose?

Environmental taxes are imposed on ozone-depleting chemicals (ODCs). Form 6627, Environmental Taxes, is the form on which the environmental tax is computed, and then that figure is entered on the appropriate lines of Form 720, Quarterly Federal Excise Tax Return. Attach Form 6627 to Form 720 as a supporting schedule.

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Page Last Reviewed or Updated: 08-Dec-2015