Instructions For Form 720-Cs - Carrier Summary Report (Page 2 of 7) in pdf

Form 637 Registration Number

“Corrected” box checked. On the corrected schedule(s), only

enter the information for the transaction you're correcting.

Enter the assigned IRS number. Regulations section

Recordkeeping

48.4101-1(c)(1) require pipeline operators, position holders,

terminal operators, and vessel operators to be registered by the

Keep copies of information returns you have filed with the IRS or

IRS. If you don't have a registration number, use Form 637,

the data to reconstruct them for at least 3 years from the date of

Application for Registration (For Certain Excise Tax Activities).

the return. Your records must be available at all times for

Form 637 has information on how to apply for a registration

inspection by the IRS.

number.

Penalty

Carrier and Consignor Names and EINs

Failure to file correct information returns by the due date.

EINs are used to associate and verify transactions you report to

If you fail to file a correct information return by the due date and

the IRS. Therefore, it's important that you furnish correct names

you cannot show reasonable cause, you may be subject to a

and EINs for carriers and consignors on the forms sent to the

penalty. The penalty applies if you fail to file timely, you fail to

IRS.

include all information required to be shown on a return, or you

You may use Form W-9, Request for Taxpayer Identification

include incorrect information on a return. The penalty also

Number and Certification, or your own form, to request an EIN

applies if you report an incorrect employer identification number

from a carrier or a consignor. You may be subject to a penalty for

(EIN) or fail to report an EIN where required.

an incorrect or missing EIN on an information return. See

Private Delivery Services

Penalty, earlier. You're required to maintain the confidentiality of

information obtained on a Form W-9 relating to the taxpayer's

You can use certain private delivery services (PDS) designated

identity and you may use such information only to comply with

by the IRS to meet the “timely mailing as timely filing/paying” rule

filing these information returns.

for tax returns and payments. Go to

IRS.gov/PDS

for the current

list of designated services.

Note. Foreign persons may use the appropriate Form W-8. See

The PDS can tell you how to get written proof of the mailing

the Instructions for the Requester of Forms W-8BEN, W-8ECI,

date. For the IRS mailing address to use if you’re using a PDS,

W-8EXP, and W-8IMY.

go to

IRS.gov/PDSstreetAddresses

Signature

A PDS can’t deliver items to P.O. boxes. You must use

Form 720-CS must be signed by a person who has authority to

the U.S. Postal Service to mail any item to an IRS P.O.

sign.

box address.

CAUTION

Definitions

Specific Instructions

Approved terminal. A terminal (see Terminal definition, later)

that is operated by a taxable fuel registrant that is a terminal

Name and Address

operator.

Include the suite, room, or other unit number after the street

Consignor. The person that hires the carrier to transport liquid

address.

product.

Exports. Reportable products leaving the United States. Only

P.O. Box

the mode codes listed are allowed. For example, EB, ES, or EP

If the post office does not deliver mail to the street address and

(for pipeline). Reporting the destination country is optional. See

you have a P.O. box, show the box number instead of the street

Table 3.

address.

Facility control number (FCN). A number that designates a

Foreign Address

storage location within the motor fuel distribution system, or the

bulk transfer/terminal system, or renewable fuel production

Enter the information in the following order: city, province or

facilities. Facilities include approved refineries (RCN), terminals

state, and country. Follow the country's practice for entering the

(TCN), biodiesel production facilities (BCN), or ethanol

postal code. Don't abbreviate the country's name.

production facilities (ECN). The list of facilities can be found at

IRS.gov/Excise.

Contact Information

Gross gallons. The total product measured in U.S. gallons

Enter the name, daytime telephone number, fax number, and

without temperature or barometric adjustments.

email address for the person who should be contacted to

discuss this information return.

Imports. Reportable liquid products entered into the United

Identification Numbers

States by an importer of record/enterer. Only the following mode

codes listed are allowed. For example, IB, IS, or IP (for pipeline).

Reporting the country of origin is optional. See Table 3.

Employer Identification Number (EIN)

Note. An import is only reported when the product is first

Enter your EIN. If you don’t have an EIN, you may apply for one

entered into the United States. Fuel is no longer characterized

online. Go to the IRS website at IRS.gov/EIN.You also may

as an import after the fuel product enters the United States.

apply for an EIN by faxing or mailing Form SS-4, Application for

Liquid product. Any liquid that is transported into storage at

Employer Identification Number, to the IRS. If you have applied

any facility. Liquid products are specifically identified and

for an EIN but you don’t have your EIN by the time you must file

reported separately by their product codes listed in Table 2.

your information return, enter “Applied for” in any space where

Product code 122 is used for any unlisted liquid that is used for

your EIN must be entered.

blending into other products. Product code 092 is used for other

unlisted liquids.

Mode Codes. The table below lists the mode codes.

-2-

Instructions for Form 720-CS (7-2017)

Instructions For Form 720-Cs - Carrier Summary Report Page 2

Related Articles

Related forms

Related Categories