Form 6069
Forms

Form 6069: Return of Excise Tax on Excess Contributions to Black Lung Benefit Trust Under Section 4953 and Computation of Section 192 Deduction

With the Black Lung Benefits Revenue Act of 1977, those responsible for black lung benefit trusts and coal mine operators must file Form 6069 by the 15th day of the 5th month after the end of the tax year in order to pay any excise tax or to report the amount of contributions made.

What is Form 6069?

Form 6069 is used by black lung benefit trusts, certain other persons, and coal mine operators. If initial taxes are imposed, trusts and related parties will use Parts II and/or III to report, whereas coal mine operators will use Part IV to determine the maximum allowable deductions. These entities may also use Form 6069 to pay excise taxes incurred under sections 4951 (self-dealing) and 4952 (taxable expenditures), or to report the amount of excise tax imposed by section 4953 due to excess contributions by mine operators. Form 6069 must be filed by the 15th day of the 5th month after the end of the tax year with possible extensions available by filing Form 8868. Penalties and interest may be applied to any late or fraudulent returns.

See also:  Form 8804: Annual Return for Partnership Withholding Tax (Section 1446)

IRS Form 6069 – Who Needs to Fill It Out?

Form 6069 must be filled out by coal mine operators, trustees of a black lung benefit trust, black lung benefit trusts, and disqualified persons with respect to a black lung benefit trust who have incurred liability for the excise tax on self-dealing transactions or taxable expenditures. The form allows trustees to complete Parts II and III of the form to provide complete information about the self-dealing and taxable expenditure transactions and to determine the taxable period and amount involved. Coal mine operators are to complete Part III to figure the amount of allowable contributions and must file Form 6069 only if contributions exceed the allowed contribution amount. Penalty and interest rates may be imposed for fraudulent or late filing and interest is charged for any unpaid tax. File the form by the 15th day of the 5th month after the end of the taxpayer’s tax year with the Internal Revenue Service Center.

See also:  Form 4768: Application for Extension of Time To File a Return and/or Pay U.S. Estate (and Generation-Skipping Transfer) Taxes

Step-by-Step: Form 6069 Instructions For Filling Out the Document

Form 6069 is used for reporting requirements under section 6033 by individuals with black lung benefit trusts and coal mine operators after January 1, 2021. A black lung beneft trust will use Parts II and III to report initial taxes and a coal mine operator will use Part IV to figure the maximum deduction and pay any imposed excise taxes. Self-dealers and trustees liable for taxes will complete Parts I, II, and III while a coal mine operator will complete Part III and I to provide the information needed for filing. This form is due by the 15th day of the 5th month after the end of the tax year and should be filed with the Internal Revenue Service accompanied by Form 8868 for extensions. Penalties and interests may be assessed for late filing, willful failure to file, or fraudulent returns and statements.

Below, we present a table that will help you understand how to fill out Form 6069.

Form 6069 Instructions
Form 6069 is used for reporting requirements under section 6033 by individuals with black lung benefit trusts and coal mine operators after January 1, 2021.
  • Complete the appropriate parts of the form based on your status as a black lung benefit trust or coal mine operator.
  • File the form by the due date with the Internal Revenue Service and consider requesting extensions using Form 8868 if needed.
  • Be aware of potential penalties and interest for late filing, willful failure to file, or fraudulent returns and statements.
See also:  Form 8814: Parents' Election to Report Child's Interest and Dividends

Do You Need to File Form 6069 Each Year?

Yes, if you are a disqualified person with respect to a black lung benefit trust and have incurred liability for the excise tax on self-dealing transactions under section 4951, or are a trustee of a black lung benefit trust liable for excise taxes or a black lung benefit trust liable for the excise tax on taxable expenditures under section 4952, or are a coal mine operator making excess contributions under section 4953, you must file Form 6069 by the 15th day of the 5th month after the end of the tax year. Extensions can be requested using Form 8868, and penalties and interest may apply for late, willful, or fraudulent filing.

Download the official IRS Form 6069 PDF

On the official IRS website, you will find a link to download Form 6069. However, to make it easier for you, we are providing the link in our article, which comes directly from the official irs.gov website! Click to download: Form 6069

Sources:

https://www.irs.gov/forms-pubs/about-form-6069

https://www.irs.gov/instructions/i6069

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