Rev. Proc. 62-20

SECTION 1. PURPOSE.

The purpose of this Revenue Procedure is to furnish instructions for modifying the present Form 1482, User's Report of Denatured Alcohol or Rum (Rev. 1-62), in order to simplify the preparation of the annual report. Form 1482 is being revised but will not be available for use in preparing annual reports for the fiscal year 1962.

SEC. 2. PROCEDURE.

.01 Preparation of annual reports by permittees who also file monthly reports .-Cumulative totals for the fiscal year will be entered in column (g) of Part I, lines 1 through 13 of the form. The heading of the column will be appropriately modified to read `Cumulative Total.' No entries need be made in columns (a) through (f), Part I, 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.

.02 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 number.

SEC. 3. INQUIRIES.

Inquiries regarding this Revenue Procedure should refer to its number and be addressed to the Office of the appropriate Assistant Regional Commissioner, Alcohol and Tobacco Tax.

¹ Based on Industry Circular No. 62-21, dated June 11, 1962.