Rev. Rul. 55-755

The Internal Revenue Service will continue after 1955 to accept excise tax returns on Form 720, Quarterly Federal Excise Tax Return, even though all of the data required by the return have not been furnished. The return will be acceptable if the taxpayer completes the information called for in items one through five and shows the amount of tax in column six of the appropriate schedule on the form. If the taxpayer omits other data, a statement is required to explain such omission. This is a continuation of the policy stated in Revenue Ruling 54-539, C.B. 1954-2, 403, and the Revenue Rulings cited therein. An appropriate announcement will be made prior to any termination of this policy or any change in the data called for in Form 720