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Form 720 Release Memo for TY2015v3.0

MeF Excise 720 Stakeholders:

The following updated Schemas and Business Rules have posted to irs.gov:

Schema Changes:

TY2015Q1v3.0
TY2015Q2v2.0
TY2015Q3v2.0
TY2015Q4v2.0

The above schemas include all tax forms for Form 720, Quarterly Federal Excise Tax Return, and are posted to the Production and Assurance Testing System (ATS) charts on the irs.gov website. All changes to the schemas can be found in the “Diff” files.

Business Rule Changes:

TY2015Q1v3.0
TY2015Q2v2.0
TY2015Q3v2.0
TY2015Q4v2.0

Business Rules are posted in two different formats that contain identical information – Adobe (.pdf), and Comma Separated File (.csv). A column within the file identifies changes made from the previous version to help clarify what changes were made.

The Internal Revenue Service is planning to identify and reduce refund fraud by implementing use of a unique identification number (Device ID) that will be transmitted as part of each electronically filed return.  The Service will utilize the Device ID in addition to the key return elements already collected, such as name/social security number/date of birth.  These schema packages include a new Element for a DeviceId entry.

IRS plans to implement a Device ID program for electronic return filers and preparers to be implemented effective January 2015. The Device ID will contain unique data that will be accessed and transmitted by the software used to electronically file the return; it will request unique information (i.e. serial number) of the device (i.e. Computer, Smart Phone, Tablet, etc.) used to submit an electronically filed return.  This unique ID will be masked and transmitted as part of the electronically filed return via IRS’ existing transmission processes.

Device ID was proposed to IRS by the American Coalition for Taxpayer Rights in December 2012 to combat fraudulent refunds. The IRS will not have access to, or store, any device serial numbers.  The serial numbers will be obtained and masked, using the hashing algorithm, as part of the industry’s software programming.  The masked results cannot be reversed to determine the serial number.  Notice of the use of these procedures will be provided to taxpayers in e-file transmitter guidelines (Publication 1345).

Note:
If you have any questions or comments, please contact the e-help Desk at 866-255-0654. For questions about excise tax forms or tax law, contact the Excise Hotline at 866-699-4096.

 

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Page Last Reviewed or Updated: 03-May-2016