Instructions For Form 720 - Quarterly Federal Excise Tax Return (Page 3 of 18) in pdf

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Federal Express (FedEx): FedEx Priority Overnight,

other federal tax purposes (other than employment taxes).

FedEx Standard Overnight, FedEx 2Day, FedEx

Thus, taxpayers filing Form 4136, Credit for Federal Tax

International Priority, and FedEx International First.

Paid on Fuels, with Form 1040, Individual Income Tax

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United Parcel Service (UPS): UPS Next Day Air, UPS

Return, can use the owner’s TIN. For more information, see

Next Day Air Saver, UPS 2nd Day Air, UPS 2nd Day Air

Treasury Decision (T.D.) 9356. You can find T.D. 9356 on

A.M., UPS Worldwide Express Plus, and UPS Worldwide

page 675 of Internal Revenue Bulletin 2007-39 at

Express.

The private delivery service can tell you how to get

Signature

written proof of the mailing date.

Form 720 must be signed by a person authorized by the

Private delivery services cannot deliver items to P.O.

entity to sign this return.

boxes. You must use the U.S. Postal Service to mail

any item to an IRS P.O. box address.

CAUTION

Third Party Designee

If you want to allow an employee of your business, a return

Photographs of Missing Children

preparer, or other third party to discuss your Form 720 with

The Internal Revenue Service is a proud partner with the

the IRS, check the “Yes” box in the Third Party Designee

National Center for Missing and Exploited Children.

section of Form 720. Also, enter the designee’s name,

Photographs of missing children selected by the Center may

phone number, and any five digits that person chooses as

appear in instructions on pages that would otherwise be

his or her personal identification number (PIN).

blank. You can help bring these children home by looking at

By checking the “Yes” box, you are authorizing the IRS to

the photographs and calling 1-800-THE-LOST

speak with the designee to answer any questions relating to

(1-800-843-5678) if you recognize a child.

the processing of or the information reported on

Form 720. You are also authorizing the designee to:

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Exchange information concerning Form 720 with the IRS,

Specific Instructions

and

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Respond to certain IRS notices that you have shared with

your designee relating to Form 720. The IRS will not send

Name and Address

notices to your designee.

The first time you file Form 720, type or print your name,

You are not authorizing the designee to receive any

address (including the suite, room, or other unit number),

refund check, bind you to anything (including additional tax

and the quarter ending date (month and year). After that, the

liability), or otherwise represent you before the IRS. If you

IRS will mail you a Package 720 with a preaddressed Form

want to expand the designee’s authority, see Pub. 947,

720 every quarter. If your address changes, make the

Practice Before the IRS and Power of Attorney.

corrections on Form 720 and check the address change box

The authorization will automatically expire 1 year from the

above Part I of Form 720.

due date (without regard to extensions) for filing your Form

P.O. box. If the post office does not deliver mail to the

720. If you or your designee want to revoke this

street address and you have a P.O. box, show the box

authorization, send a written statement of revocation to the

number instead of the street address.

Department of the Treasury, Internal Revenue Service,

Foreign address. Enter the city, province or state, and

Cincinnati, OH 45999. See Pub. 947 for more information.

country. Follow the country’s practice for entering the postal

code. Do not abbreviate the country name.

Part I

Employer Identification Number (EIN)

Environmental Taxes

If the EIN on the preaddressed Form 720 is wrong or you

Use Form 6627, Environmental Taxes, to figure the

did not receive a preaddressed Form 720, enter the correct

environmental taxes on:

number. If you are a one-time filer, you may not need an

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Oil spill liability, IRS Nos. 18 and 21;

EIN. See Gas guzzler tax on page 6. If you do not have an

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Ozone-depleting chemicals (ODCs), IRS No. 98;

EIN, you may apply for one online. Go to the IRS website at

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Imported products that used ODCs as materials in the

and click on the “Employer ID

manufacture or production of the product, IRS No. 19; and

Numbers” link. You may also apply for an EIN by calling

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The floor stocks tax on ODCs, IRS No. 20 (reported in

1-800-829-4933 (hours of operation are Monday – Friday,

Part II).

7:00 a.m. to 10:00 p.m. local time), or you can fax or mail

Attach Form 6627 to Form 720. The tax rates for these

Form SS-4, Application for Employer Identification Number,

taxes are shown on Form 6627.

to the IRS.

Disregarded entities and qualified subchapter S

Communications Taxes

subsidiaries. Qualified subchapter S subsidiaries (QSubs)

and eligible single-owner disregarded entities are treated as

Who Must File

separate entities for excise tax and reporting purposes.

The person receiving the payment for communications

QSubs and eligible single-owner disregarded entities must

services must collect and pay over the tax and file the

pay and report excise taxes (other than IRS Nos. 31, 51,

return. Enter the amount of tax collected or considered

and 117), register for excise tax activities, and claim any

collected for the quarter.

refunds, credits, and payments under the entity’s employer

identification number (EIN). These actions cannot take place

Communications Services (IRS No. 22)

under the owner’s taxpayer identification number (TIN).

The tax is 3% of amounts paid for local telephone service

Some QSubs and disregarded entities may already have an

and teletypewriter exchange service.

EIN. However, if you are unsure, please call the IRS

Business and Specialty Tax line at 1-800-829-4933.

Credits or Refunds

Generally, QSubs and eligible single-owner disregarded

If tax is collected and paid over for nontaxable services from

entities will continue to be treated as disregarded entities for

the communications tax, the collector or taxpayer may

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Instructions For Form 720 - Quarterly Federal Excise Tax Return Page 3

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