Instructions For Forms 720-To And 720-Cs - (March 2001) Page 16

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Internal Revenue law. Generally, tax returns and return
Privacy Act and Paperwork Reduction Act Notice. We ask
information are confidential, as required by section 6103.
for the information on these forms in order to carry out the
The time needed to complete and file these forms will vary
Internal Revenue laws of the United States. Section 4101 and
depending on individual circumstances. The estimated average
its regulations require you to file an information return with the
times are:
IRS. Forms 720-TO and 720-CS are used to report the
Learning about
Preparing and
information. Section 6109 requires you to provide your taxpayer
Form
Recordkeeping
the law or
sending the
identification number. Routine uses of tax information include
the form
form to the IRS
giving it to the Department of Justice for civil and criminal
720-TO
18 hr., 52 min.
30 min.
49 min.
litigation, and to cities, states, and the District of Columbia for
720-CS
12 hr., 25 min.
30 min.
43 min.
use in administering their tax laws. If you fail to provide this
If you have comments concerning the accuracy of these time
information in a timely manner, you may be subject to penalties.
estimates or suggestions for making this form simpler, we would
You are not required to provide the information requested on
be happy to hear from you. You can write to the Tax Forms
a form that is subject to the Paperwork Reduction Act unless the
Committee, Western Area Distribution Center, Rancho Cordova,
form displays a valid OMB control number. Books or records
CA 95743-0001. Do not send the tax form to this address.
relating to a form or its instructions must be retained as long as
Instead, see Where To File on page 1.
their contents may become material in the administration of any
Page 16

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