TTB F 5300.26old Federal Firearms and Ammunition Excise Tax Return

OMB. No. 1513-0094 (8/31/2008)
FOR TTB USE ONLY

DEPARTMENT OF THE TREASURY

Tax
Penalty
Interest
Total
Examined

ALCOHOL AND TOBACCO TAX AND TRADE BUREAU

FEDERAL FIREARMS AND AMMUNITION
EXCISE TAX RETURN
(Please read below instructions before completing this form)
(Send us original - keep a copy for your records)
1.

$
$
$
$
by:

Date:

Other

PART I - GENERAL
My name, business name and business location (number, street, city, 2. My daytime telephone number is:
state and zip code)
My e-mail address is:
3.

My taxpayer identification number is:

4.

If this is a one-time or occasional return, check this box

5.

If this is a final return, check this box
My form of payment (if any) is: You must make your check or money order
Check
EFT

Check if above information has changed since you filed your last
return.

payable to the Alcohol and Tobacco Tax and
Trade Bureau and write your Taxpayer
Identification Number on your check or
money order.

Money Order
Other (Specify)

PART II - CALCULATION OF TAXES ON SALES OR USES DURING THIS TAX PERIOD
6.

My tax period begins

and ends on

(month, day, year)

(month, day, year)

For This Tax Period I Calculate My Taxes as Follows:

7.

The sales price of all articles that I sold

8.

The sales price of all articles that I sold tax-exempt or tax-free
(See Instruction #8)

Taxable Articles
(b)
Other Firearms
(Rifles, Shotguns,
Machine Guns, etc.)

(a)
Handguns
(Pistols and Revolvers)
$

$

(c)
Ammunition
(Shells and Cartridges)
$

When I make tax-free sales my tax-free registration number is:
9.

My taxable sales (Line 7 minus Line 8)

10. Eligible adjustments
11. My adjusted taxable sales (Line 9 plus or minus Line 10)
12. The sales price of all articles I used
13. My total taxable sales and uses (Line 11 plus Line 12)
14. Tax rate

10%

15. My total tax (multiply Line 13 by Line 14)

$

11%
$

11%
$

PART III - CALCULATION OF MY TAX LIABILITY FOR THIS TAX PERIOD
(Before making entries on Lines 17-23, complete Schedules A, B and C on the back of this form.)
16. My total of Lines 15 (a), (b) and (c)
17. My increasing adjustments from Line 33, Schedule B

$
$

18. My gross tax (Line 16 plus Line 17)

$

19. My decreasing adjustments from Line 39, Schedule C (Cannot be more than the amount on line 18.)

$

20. My net tax (Line 18 minus Line 19. Cannot be less than zero.)
21. My total deposits (Must agree with Line 27, Schedule A)

$
$

If Line 21 is the same as Line 20 - STOP HERE - PROCEED TO LINE 40
If Line 20 is more than Line 21 - complete Line 22
If Line 21 is more than Line 20 - complete Line 23
22. Amount I need to pay with this return

$

23. I will apply this amount to my next return (Show in Schedule C, Line 37 of next return.)
(If you are a one-time, occasional or final filer, see Instruction #23.)

$

TTB F 5300.26 (5/2005)

SCHEDULE A - STATEMENT OF MY NET TAX LIABILITY DURING THIS TAX PERIOD
(Line 27 (b) must be the same amount shown on Line 21)
(b)
(b)
(a)
(a)
NET TAX LIABILITY
NET TAX LIABILITY
DEPOSIT PERIOD
DEPOSIT PERIOD
24. First month
26. Third month
$
Day 1 through 15
Day 1 through 15
$
Day 16 through last day
Day 16 through last day
$
$
* September only
Day 16 through 25
$
* September only
$
Day 26 through 30
25. Second month
$
Day 1 through 15
27. Total of Columns (b)
$
Day 16 through last day
$

*For the period of September 16-30, show a separate amount for September 16-25 and September 26-30.
SCHEDULE B - MY INCREASING ADJUSTMENTS
Amount of Adjustments
(a)
Explain Your Increasing Adjustments
(b)
(c)
Tax
Interest
28.

$

$

$

$

$

$

(d)
Penalty

29.
30.
31.
32. My totals of Columns (b), (c) and (d)

$

33. My total of Lines 32 (b), (c) and (d)
SCHEDULE C - MY DECREASING ADJUSTMENTS
(a)
Explain Your Decreasing Adjustments

(b)
Tax

34.

Amount of Adjustments
(c)
Interest

$

$

$

$

35.
36.
37. My credit from Tax Period Ending
38. My totals of Columns (b) and (c)

$

39. My total of Lines 38 (b) and (c)
CERTIFICATION

Under penalties of perjury I declare that I have reported all transactions and tax liabilities required by law or regulations. I have examined this return
(including any attached explanations, statements, schedules and forms) and to the best of my knowledge and belief it is true, complete and correct.
If I took adjustments in Schedule C, I have met all the requirements of the Internal Revenue Code, Title 26, United States Code and the applicable
Federal regulations Title 27, Code of Federal Regulations, Part 53.
40. Date

41. Signature (Original signature only)

42. Title

TTB F 5300.26 (5/2005)

GENERAL INSTRUCTIONS
(Please detach these instructions before mailing return.)
A.

Why must I file this form? You must file this form to report Federal Firearms and Ammunition Excise Tax (FAET) required by Title 26, United
States Code (U.S.C.), Section 4181.

B.

Who must file this form? If you are the manufacturer, producer or importer of pistols, revolvers, other firearms and shells and cartridges
(articles) you are required to file a return.

C.

How do I determine how much tax I owe? You owe tax based on the sales price of the articles you sell or use.

D. How often and when do I file?
If you file:
Your tax return period is:

Your tax return is due by:

Comments:

January 1 to March 31

April 30

April 1 to June 30

July 31

July 1 to September 30

October 31

October 1 to December 31

January 31

* You must file a return for any calendar quarter that
you owe tax.
* You are not required to file a return in any quarter
that you do not owe tax.
* If you paid all taxes due and made timely deposits
for your return, you have an additional 10 days to
file the return.

Annually

January 1 to December 31

January 31st of the following year

You may file annually if you filed a return in the past
but do not owe tax for an entire calendar year.

Monthly

1st day of the month to the last day
of the month.

By the 15th day of the month
following the close of the monthly
period.

TTB will notify you in writing if you need to file a
monthly or semi-monthly return.

Semi-Monthly

1st day of the month to the 15th.

By the 10th day following the semimonthly period.

16th day of the month to the last day
of the month.

By the 10th day following the semimonthly period.

Quarterly

* If the due date falls on a Saturday, Sunday, or legal holiday, your return and payment is due on the next succeeding day that is not a Saturday,
Sunday, or legal holiday.
E. How and where do I file my return?
• You must prepare this form in duplicate. Keep one copy for your records and mail the original to:
Alcohol and Tobacco Tax and Trade Bureau
Excise Tax
P.O. Box 360804
Pittsburgh, PA 15251-6804
• Mail your return to the above address if you pay by Electronic Funds Transfer (EFT).
F.

Who must sign the return?

If you are filing this return as a(n):

Then the following person may sign your return:

Individual

you

Sole proprietorship

you

Partnership, LLC, etc.

a responsible and authorized member or officer having knowledge of your affairs

Corporation

the President, Vice-President, or other principal officer having knowledge of your affairs

Trust or estate

fiduciary

Any of the above

agent with an acceptable power of attorney on file with the Firearms and Ammunition Excise Tax (FAET) Unit,
National Revenue Center (NRC).

G. When are my returns timely?
• Your return is timely if it is mailed by the due date.
• We use the official postmark of the U.S. Postal Service on the envelope or your receipt of certified mail as proof of timeliness.
H.

When must I make deposits of tax?
• You must deposit your tax on TTB F 5300.27, Federal Firearms and Ammunition Excise Tax Deposit, once your tax liability exceeds $2,000
during a calendar quarter (January to March, April to June, July to September and October to December).
Refer to TTB F 5300.27 for additional instructions on how to make deposits.
• If you are required to deposit taxes, you must complete Schedule A, Statement of My Net Tax Liability during this Tax Period. Enter the tax you
owe for each semi-monthly period through the end of the quarter.

Note: You are not required to make a deposit if you are filing a one-time or occasional return.
TTB F 5300.26 (5/2005)

I.

What can I do if I overpay, overdeposit or underpay my taxes?

If you overpay you may:

If you overdeposit you may:

If you underpay you may:

• pay the underpayment through an entry in
• claim this overdeposit as a credit in
• claim the overpayment as a credit in
Schedule B, My Increasing Adjustments.
Schedule C on the next return or you can file
Schedule C, My Decreasing Adjustments, or
a claim on TTB F 5620.8.
you can file a claim on TTB F 5620.8, Claim.
Note: You should not file amended returns for overpayments and underpayments under any circumstances.
Interest: The law allows the payment of interest on underpayments and on some overpayments of tax. We compute your interest at the rate found in
Title 26, U.S.C., Section 6621.
J.

How long must I keep my FAET records? You must keep records to support all entries made on this return for at least 3 years from the date
you filed this tax return.

K.

When must I file a final return or a one-time or occasional return?
• You must file a final return when you permanently cease FAET operations.
• You must check the appropriate box in Line 4 and attach a statement containing the following information:
1. Person (name) who kept the records.
2. Location (address) of the records.
3. Whether the business was transferred to another person.
4. To whom (name and address) the business was transferred.
• You must file a one-time or occasional return if you owe tax but are not engaged in the FAET business.
• Check the appropriate box in Line 4 and attach your payment.

L.

Where do I go for additional information?
• If you have any questions about filing returns, you may contact:
Alcohol and Tobacco Tax and Trade Bureau
National Revenue Center (NRC)
FAET Unit
550 Main St, Ste 8002
Cincinnati, OH 45202-5215
Telephone Nos: 877-882-3277 / 513-684-3817
E-mail Address: [email protected]
Specific Instructions
Part I - General

Line 3.
• You are required to have an Employer Identification Number (EIN) if you file FAET returns.
Exception: Occasional or one-time filers are not required to obtain an EIN. You may use your Social Security Number (SSN).
• You may obtain an EIN from the Internal Revenue Service (IRS) using Form SS-4. You may obtain a Form SS-4 by contacting any IRS office.
Line 5. If you pay tax by Electronic Fund Transfer (EFT), contact the FAET Unit at the NRC for specific information.
Line 6. See General Instruction D.
Part II - Calculation of Taxes on Sales or Uses During This Tax Period
General
• Entries you make on the lines in Part II are limited to the sales and uses occurring during the tax period specified in Line 6.
• You can use Schedule B for tax on sales or uses that occurred in a previous tax period if you did not include them on the return for that period.
• You can use Schedule C to show tax decreases for sales or uses reported as taxable in this or previous tax returns that are resold for certain
tax-free purposes or determined later to qualify as tax-free.
Taxable Articles, Column (b). Enter the sales price of any portable weapons such as rifles, carbines, machine guns, shotguns, or fowling pieces,
from which a shot, bullet, or other projectile may be discharged by an explosive.
Line 7.
•
•
•
•

Enter the dollar amount of your total sales of taxable articles, including tax-exempt or tax-free sales during the tax period stated in Line 6.
Do not include articles if you are not the manufacturer, producer or importer for purposes of this tax.
Except for leases and certain installment sales, you must include all sales regardless of whether your customers paid you.
The sales price is usually stated on the customer’s invoices. You should also include the dollar value of things other than money given as
consideration for the article. This includes services, personal property, and articles traded in.
• Do not include the sales price of a non-taxable article unless you sold it as a unit with the taxable article.
TTB F 5300.26 (5/2005)

• When you sell a taxable article as a unit with a non-taxable article (for example, a pistol and holster) or with extra parts or accessories, then
enter the sales price of the unit. If a taxable sale, you should adjust the unit’s sales price on Line 10 to exclude the non-taxable article, part or
accessory.
Line 8. You must enter the sales price of all articles included in Line 7 that you sold tax-free or tax-exempt. Please use the following chart to
determine whether your entry is tax-free or tax-exempt.
Tax-Exempt Sales

Tax-Free Sales
• If you are selling articles tax-free, you and your
customer may need an approved TTB F 5300.28,
Application for Registration for Tax-Free Transactions
Under 26 U.S.C. 4221.

• If you are selling articles tax-exempt, an approved
TTB F 5300.28 is not required.
• Please refer to Title 27, Code of Federal Regulations
(CFR), Section 53.62 for tax exemptions.

• This registration number must be listed in Line 8.
• Please refer to Title 27, Code of Federal Regulations
(CFR), Section 53.131 for tax-free sales and Section
53.140 for registration requirements.
Do not include the sales of articles sold taxpaid to customers who later resell or use the articles for tax-free purposes; however, you may take a credit
in Schedule C or file a claim for refund on TTB F 5620.8.
You may refer to Industry Circular 93-5 for more information about selling articles tax-free or tax-exempt.
Your failure to follow requirements or to be properly registered may result in additional taxes, penalties and interest.
Line 10.
• You must enter the net amount of adjustments to the sales prices of taxable sales for this tax period from Line 9.
• Eligible adjustments are allowed for certain items only when included in the sales price to your customer. (Please see below chart.)
• Price readjustments in the same tax period in which the sale occurs may also be taken in this line, as an adjustment to the tax in Schedule C,
or used in determining the sales price (Line 7).
• Do not use Line 10 to subtract the sales price (including excise tax) that you paid to another manufacturer or importer. If you further manufacture articles on which excise tax was paid by another person, you may take a credit in Schedule C or file a claim for refund on TTB F 5620.8.

Exclusions (Decreasing Adjustments)

Eligible Adjustments
Inclusions (Increasing Adjustments)

You may take decreasing adjustments for the
following items when included in the sales price of
the article and not as a separate charge:

You may have to increase the sales price of a
taxable article from the amount shown on your
invoice.

• This excise tax
• Any charges for transportation, delivery,
insurance, installation and other expenses
actually incurred in connection with the delivery
of an article to a purchaser in connection with a
bona fide sale
• Local advertising charges when certain
conditions are met
• Extra and identical parts and accessories
• Non-taxable articles when sold in combination
with a taxable article
Please refer to 27 CFR, Sections 53.61(b), .92, .93,
.100, .101 and .102 for further information on
exclusions from the sale price.

Constructive Sale Price (CSP)

Certain types of sales require increasing
or decreasing adjustments (also referred
to as a constructive sale price) because
the manufacturer, producer or importer is
When calculating your sales price you must include constructing a new taxable price for the
the following:
taxable article.
• Any charge which is required by the
manufacturer, producer or importer to be paid
as a condition of the sale - which is not an
expense falling within one of the allowable
exclusions.
• Any charges for tools and dies used in
production
• A charge for a warranty. This depends on
whether the warranty is optional or required.
(See 27 CFR, Section 53.91(c) for specific
information.)
• Any charges for coverings, containers and
packing
• Taxable and nontaxable articles sold as a unit
Please refer to 27 CFR, Section 53.91 for further
information on inclusions.

• Use of a CSP will arise where the
taxable article is not sold at wholesale.
• A manufacturer, producer or importer
may elect or will be required to use a
CSP so that its taxable sale price for
various types of sales are at or near
the established wholesale price of the
taxable article.
• When a manufacturer, producer or
importer makes a sale at retail or to
retailers, he may elect to base the
FAET on either the actual sale price or
a CSP, which will be a percentage of
the actual sale price to either retailers
or at retail.
• When a manufacturer, producer or
importer makes a sale “not at arms
length and at less than fair market
value” he is required to use a CSP in
lieu of its actual sale price.
• There are other circumstances which
may require a CSP to be used. See
the regulations listed below for these
circumstances.

Please refer to 27 CFR, Sections 53.94,
.95, .96, .97, .99(c), 104(d)(1) & (e). and
.143 for further information on constructive
sale price.
TTB F 5300.26 (5/2005)

Line 12. You must pay the tax on your business use of taxable articles that you manufactured or imported. If you regularly sell the articles, you must:
• Compute the tax based on the lowest established wholesale price.
• Enter the sum of the prices for articles used.
Use includes:
• Loans of articles for display.
• Demonstration or familiarization, or
• Further manufacture of an article not subject to any FAET.
Please refer to 27 CFR, Section 53.111-115 for more information.
Part III - Calculation of My Tax Liability for this Tax Period
Line 17. Include all increasing adjustments reflected on Schedule B.
Use Schedule B to report adjustments increasing the amount of tax you owe.
Examples include:
• Errors you made in calculating the tax you owed in a previous tax return period which resulted in an underpayment of your tax.
• Penalties and/or interest you owe on increasing adjustments.
Line 19. The amount you show on this line cannot exceed the amount on Line 18. Any excess must be carried over as a credit on your next tax
return in Schedule C, Line 37 or you can file a claim for refund on TTB Form 5620.8.
Use Schedule C to report adjustments decreasing the amount you owe.
Examples include:
• Errors you made in calculating the tax you owed in a previous tax return period that resulted in an overpayment of tax.
• Interest we owe you on decreasing adjustments.
You must fully explain any adjustments you list in Schedules B and C and you may not make adjustments earlier than the period in which they arose.
You must explain and submit documentation on any claim for credit that you file as required by 27 CFR, Part 53 and 27 CFR, Part 70, Section 70.123.
Line 21. You must enter the total amount of deposits made on TTB F 5300.27 for the tax return period. This amount should agree with Schedule A,
Line 27.
Line 23. If you are unable to apply your overpayment to your next return because you are filing a one-time, occasional or final return, you may file a
TTB F 5620.8, Claim with the FAET Unit at the NRC.
Line 41. Form must have an original, authorized signature.
PAPERWORK REDUCTION ACT NOTICE
This request is in accordance with the Paperwork Reduction Act of 1995. We use this information collection to identify taxpayers, the period covered,
and the amount of tax due for each tax return period. This information also ensures the correct tax payment was made and received. The information
we request is mandatory by law (26 U.S.C., Section 6302).
We estimate the average burden associated with this collection of information is 7 hours per respondent or recordkeeper, depending on your individual
circumstances. Address your comments concerning the accuracy of this burden estimate and suggestions to reduce this burden to: Reports
Management Officer, Regulations and Rulings Division, Alcohol and Tobacco Tax and Trade Bureau, Washington, DC 20220.
TTB may not conduct or sponsor and you are not required to respond to, a collection of information unless it displays a currently valid OMB control
number.
PRIVACY ACT STATEMENT
We provide this information to comply with Section 3 of the Privacy Act of 1974 (5 U.S.C., 552(a)(e)(3)).
We require this information under the authority of 26 U.S.C. 6302. You must disclose this information so we may identify you as a taxpayer, the period
covered and the amount of tax due for each return. This information also ensures the correct tax payment was made and received.
We use this information to make determinations for the purposes described in paragraph 2. Also, we may disclose the information to other Federal,
State, foreign and local law enforcement and regulatory agency personnel to verify information on the form where law does not prohibit such disclosure. We may disclose the information to the Justice Department if it appears that the furnishing of false information may constitute a violation of
Federal law. Finally, we may disclose the information to members of the public in order to verify information on the form where law does not prohibit
such disclosure.
If you fail to supply complete information then there will be a delay in the processing of your return.
TTB F 5300.26 (5/2005)