Form 730

What Is Form 730?

Form 730 is the form used for reporting and paying the tax on wagers accepted in the US or placed by an individual who lives in/is a citizen of the US. If you’re in the wagering business (running or participating in profit-based lotteries, game contests, or sports events), you are liable for this particular tax.  

What I Need Form 730 for

• you need it to report the tax on wagers;
• to pay the tax on wagers;
• to claim a credit for the tax paid on the laid-off amount;
• upon filing a return reporting the tax, the IRS will send you a Package 730 with your data on it. Focus on filing a return each month irrespective of whether you have taxable wages for reporting or not;
• note that the fillable 730 blanks must be filed on a monthly basis.

How to Fill Out Form 730

Form 730 is fairly straightforward in terms of its completion. It’s a four-page doc that requires:

• your personal data (name and address);
• your employer identification number;
• details on the amount of wagers accepted within the current month, as well as other related info (see the form instructions for a point-by-point guide of what exactly you should indicate when filling it out).

You no longer have to scan or print out your business or tax-lated PDF files. Just feel free to complete them online with PDFLiner — or have your bookkeeper fill them out and e-sign them for you here. Need to download form 730 for storage? PDFLiner allows you to do that. Our service is your go-to platform for going paperless with ease and speed.

Organizations That Work With Form 730

The Internal Revenue Service (IRS).