6627-2025

Show details

4.3 out of 5

68 votes

The document is Form 6627, used to calculate environmental taxes on petroleum and ozone-depleting chemicals (ODCs) for the IRS. It outlines the tax rates, filing requirements, and specific instructions for reporting taxes on crude oil received at U.S. refineries, imported petroleum products, and ODCs. The form includes sections for calculating taxes based on quantities received or imported, as well as options for electing different reporting methods.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to modify 6627 online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

With DocHub, making adjustments to your documentation takes just a few simple clicks. Follow these fast steps to modify the PDF 6627 online free of charge:

Sign up and log in to your account. Log in to the editor using your credentials or click on Create free account to examine the tool’s functionality.
Add the 6627 for redacting. Click the New Document option above, then drag and drop the document to the upload area, import it from the cloud, or using a link.
Change your template. Make any adjustments required: insert text and images to your 6627, underline important details, erase sections of content and substitute them with new ones, and add symbols, checkmarks, and areas for filling out.
Finish redacting the template. Save the updated document on your device, export it to the cloud, print it right from the editor, or share it with all the parties involved.

Our editor is super user-friendly and efficient. Try it now!

See more 6627 versions

We've got more versions of the 6627 form. Select the right 6627 version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2024	4.2 Satisfied (30 Votes)
2023	4.4 Satisfied (55 Votes)
2022	4.6 Satisfied (23 Votes)
2022	4.8 Satisfied (67 Votes)
2021	4.3 Satisfied (68 Votes)
2016	4.3 Satisfied (50 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is Form 6627 for environmental taxes?

The form 6627 is an attachment to Form 720 and used to figure the quarterly excise taxes under environmental tax on: Petroleum. Ozone-depleting chemicals (ODCs) Imported products that used ODCs as materials in the manufacture or production of the product, and.

Who needs to file form 720?

Who files Form 720? Whether you are a manufacturer, retailer, airline or any other business that deals in goods for which excise taxes are due, you have a responsibility to file a Quarterly Federal Excise Tax Return on Form 720 up to four times per year, depending on the circumstances.

What is the federal oil spill tax?

The petroleum oil spill tax rate is $0.09 per barrel. For 2024 and 2025, the petroleum Superfund tax rate is $0.17 per barrel. Although the domestic crude oil or imported petroleum products are reported separately, there is no difference in tax rates.

What is the IRS Superfund tax rate?

The Superfund Tax rate for chemicals range from $048 per ton for nitric acid to $9.74 per ton for Benzene. The list of 42 chemicals and their respective excise tax rates is found in Internal Revenue Code (IRC) 4661(b). The Superfund tax is assessed on the manufacturer or importer of these chemicals.

What are environmental income taxes?

The term, environmental tax, encompasses an array of different types of taxes used to internalize negative environmental externalities, promote sustainable development, support environmental preservation, and generate revenue.

Related forms

be ready to get more

Complete this form in 5 minutes or less

Get form

What is an environmental tax credit?

The climate credit provides ratepayers with their share of the benefits of Californias Cap-and-Trade Program. These credits are typically distributed twice a year: a natural gas credit in April and electric credits in April and October.

What is the Superfund tax on imported petroleum products?

The Inflation Reduction Act (Pub. L. 117-169), which was signed into law on August 16, 2022, reinstated the Petroleum Superfund Tax at a rate of 16.4 cents per barrel.

What is the tax form for farm expenses?

Sole proprietor farming businesses use IRS Schedule F, Profit or Loss from Farming to report income and expenses of the farming business. Schedule F can be used by partnerships, Corporations, Trusts and Estates to report farming activities.

6627-2025

Here's how it works

How to modify 6627 online

See more 6627 versions

Complete this form in 5 minutes or less

Got questions?

What is Form 6627 for environmental taxes?

Who needs to file form 720?

What is the federal oil spill tax?

What is the IRS Superfund tax rate?

What are environmental income taxes?

Complete this form in 5 minutes or less

People also ask

What is an environmental tax credit?

What is the Superfund tax on imported petroleum products?

What is the tax form for farm expenses?

Related links

Try more PDF tools