Fillable Form 8906 - Distilled Spirits Credit

8906

Distilled Spirits Credit

OMB No. 1545-1982

2013

Form

Attach to your tax return.

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Department of the Treasury

Attachment

Information about Form 8906 and its instructions is at

150

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Internal Revenue Service

Sequence No.

Identifying number

Name(s) shown on return

Total number of cases of distilled spirits (see instructions) .

Average tax-financing cost per case .

0.08433

Multiply line 1 by line 2 .

Distilled spirits credit from partnerships and S corporations

Add lines 3 and 4. Partnerships and S corporations, report this amount on Schedule K. All others,

report this amount on Form 3800, line 1n

Instructions

2. Multiply the result by a fraction, the numerator of which is

the stated proof of the lot and the denominator of which is 80.

Section references are to the Internal Revenue Code.

3. The result is the number of cases in the lot.

Future Developments

Example. You purchased a lot of ninety 500-milliliter bottles of

150-proof rum. The number of liters in the lot is 45 (0.5 liters x

For the latest information about developments related to Form

90). Divide 45 by 9 and the result is 5. Multiply 5 by 150/80

8906 and its instructions, such as legislation enacted after they

(1.875). The result is 9.375, which is the number of cases in the

were published, go to

lot.

Purpose of Form

Use Form 8906 to claim the distilled spirits credit. The credit is

Paperwork Reduction Act Notice. We ask for the information

part of the general business credit.

on this form to carry out the Internal Revenue laws of the United

States. You are required to give us the information. We need it

Taxpayers that are not partnerships or S corporations, and

to ensure that you are complying with these laws and to allow

whose only source of this credit is from those pass-through

us to figure and collect the right amount of tax.

entities, are not required to complete or file this form. Instead,

they can report this amount directly on Form 3800.

You are not required to provide the information requested on

a form that is subject to the Paperwork Reduction Act unless

How To Figure the Credit

the form displays a valid OMB control number. Books or

Generally, the credit for the tax year is figured by multiplying the

records relating to a form or its instructions must be retained as

number of cases of bottled distilled spirits purchased or stored

long as their contents may become material in the

during the tax year by the average tax-financing cost per case

administration of any Internal Revenue law. Generally, tax

for the most recent calendar year ending before the beginning of

returns and return information are confidential, as required by

the tax year. See the instructions for line 1 below.

section 6103.

Line 1

The time needed to complete and file this form will vary

depending on individual circumstances. The estimated burden

If you are an eligible wholesaler, enter the number of cases of

for individual taxpayers filing this form is approved under OMB

distilled spirits that were bottled in the United States and

control number 1545-0074 and is included in the estimates

purchased by you during the tax year directly from the bottler of

shown in the instructions for their individual income tax return.

the spirits. An eligible wholesaler is any person who holds a

The estimated burden for all other taxpayers who file this form is

permit under the Federal Alcohol Administration Act as a

shown below.

wholesaler of distilled spirits and is not a state or political

Recordkeeping

. 1 hr., 25 min.

subdivision thereof, or an agency of either.

If you are not an eligible wholesaler, but you are subject to

Learning about the law or the form .

. 12 min.

section 5005, enter the number of cases of bottled distilled

Preparing and sending the form to the IRS .

. 13 min.

spirits which are stored in a warehouse operated by, or on

If you have comments concerning the accuracy of these time

behalf of, a state or any political subdivision thereof, or an

estimates or suggestions for making this form simpler, we would

agency of either, and for which title has not passed on an

be happy to hear from you. See the instructions for the tax

unconditional sale basis.

return with which this form is filed.

For purposes of this line, a case consists of twelve 80-proof

750-milliliter bottles. For any lot of distilled spirits that does not

consist of cases of 80-proof 750-milliliter bottles, figure the

number of cases in the lot as follows.

1. Divide the number of liters in the lot by 9.

8906

For Paperwork Reduction Act Notice, see instructions.

Form

(2013)

Cat. No. 37715M

Form 8906 - Distilled Spirits Credit - 2013

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