ANNUAL REPORT, FORM 1482, USER'S REPORT
OF DENATURED ALCOHOL OR RUM
Users of specially denatured alcohol
or rum and others concerned:
This Industry Circular is issued to inform you of the provisions
of a Revenue Procedure which will be published in the Internal Revenue
Bulletin in the near future. Under the provisions of the Revenue Procedure the preparation of the annual report is simplified. Form 1482
is being revised but will not be available for use in preparing annual
reports for fiscal 1962. For that reason the Revenue Procedure is
being issued to furnish instructions for modifying the present form
when you prepare your annual report for the period July 1, 1961,
through June 30, 1962.
(a) Preparation of annual reports by permittees who also file
Cumulative totals for the fiscal year will be entered in column (g)
of Part I, lines 1 through 13. The heading of the column will be
appropriately modified to read "Cumulative Total." No entries need be
made in columns (a) through (f), Part of the annual report and no
entries are required in Part II. It will still be necessary to complete
all columns of Parts I, II, and III of the monthly reports.
(b) Preparation of annual and monthly reports by all permittees.
The entry at line 19, Part III, "Total Since July 1," may be omitted.
Line 19 of Part III has been eliminated on the revised Form 1482. All of
the other entries required in Part III must be made. A single entry will be
made for the total quantity of alcohol of one formula used under one code
Inquiries concerning this circular should refer to its number and be
Addressed to your Assistant Regional Commissioner (Alcohol and Tobacco Tax).
Harold A. Serr
Acting Director, Alcohol and Tobacco Tax Division