Instructions For Form 720-To - Terminal Operator Report printable pdf download

Instructions for Form 720-TO

Department of the Treasury

Internal Revenue Service

(Rev. July 2017)

For Use With Form 720-TO (Rev. September 2010)

Terminal Operator Report

Where To File

Section references are to the Internal Revenue Code unless

otherwise noted.

Send Form 720-TO to:

Future Developments

Internal Revenue Service

For the latest information about developments related to Form

Attn: Excise Unit

720-TO and its instructions, such as legislation enacted after

Stop 5701G

they were published, go to IRS.gov/Form720TO.

Cincinnati, OH 45999

Reminders

Send the forms in a flat mailing (not folded). Don’t staple, tear, or

These instructions are for paper filers. Electronic filing is

tape any of these forms. If you’re sending a large number of

required for each return reporting 25 or more transactions a

forms in conveniently sized packages, write your name and EIN

month. However, all taxpayers are encouraged to electronically

on each package and number the packages consecutively.

file. File Form 720-TO electronically through the Excise

Postal regulations require forms and packages to be sent by

Summary Terminal Activity Reporting System (ExSTARS). For

First-Class Mail.

more information on e-file and ExSTARS, visit the IRS website at

IRS.gov/Excise. Also, see Pub. 3536, Motor Fuel Excise Tax EDI

How To Complete Form 720-TO

Guide.

Below are suggestions that will allow the IRS to process the

Photographs of Missing Children

submitted forms in the most economical manner.

1. If you need additional forms or schedules, you may use

The IRS is a proud partner with the

National Center for Missing

photocopies.

& Exploited Children®

(NCMEC). Photographs of missing

children selected by the Center may appear in instructions on

2. Although handwritten forms are acceptable, the IRS

pages that would otherwise be blank. You can help bring these

prefers that you type or machine print data entries using 10-pitch

children home by looking at the photographs and contacting

(pica) or 12-pitch (elite) black type. Use block print, not script

1-800-THE-LOST (1-800-843-5678) or

characters. Insert data in the middle of the blocks not touching

home

if you recognize a child.

other printing and guidelines, and take other measures to

guarantee a dark black, clear, sharp image.

General Instructions

3. Don't enter 0 (zero) or “None” in data entry boxes when

no entry is required. Leave the boxes blank unless the

Purpose of Form

instructions specifically require that you enter a 0 (zero).

Use Form 720-TO if you're a terminal operator to report monthly

Substitute Form 720-TO

receipts and disbursements of all liquid products to and from all

If you want to prepare and use a substitute Form 720-TO, see

approved terminals.

Pub. 1167, General Rules and Specifications for Substitute

Reporting is required for inactive terminals. A separate

Forms and Schedules. If your substitute Form 720-TO is

Schedule B must be prepared for each position holder

approved, the form approval number must be printed in the

and for each related product code that is destined for

lower left margin of each substitute form you file with the IRS.

CAUTION

more than one state or has more than one mode of

Extension of Time To File

transportation.

A first time request for a 30-day extension will be granted, if

A liquid product is any liquid that’s transported into storage at

received in writing on or before the due date of the report.

a terminal or delivered out of a terminal. See Table 2.

Additional extensions may be considered if received prior to the

Who Must File

due date of the return. Send your request to:

Each terminal operator is required to file a separate Form

Internal Revenue Service

720-TO for each approved terminal.

Attn: Excise Unit

Stop 5701G

When To File

Cincinnati, OH 45999

Form 720-TO must be filed monthly. The report is due the last

day of the month following the month in which the transaction

Requests also may be faxed to 859-669-5788.

occurs.

Corrected Returns

If any due date for filing a return falls on a Saturday, Sunday,

If you filed a return with the IRS and later discover you made an

or legal holiday, you may file the return on the next business day.

error, you must correct it as soon as possible. If you filed your

return electronically, see Pub. 3536 for instructions.

Send your information return using the U.S. Postal Service or

a designated private delivery service to meet the “timely mailing

When making a correction to a paper filed return, you must

as timely filing/paying” rule. See Private Delivery Services, later.

send in the first page of Form 720-TO and the schedule(s) that

needs to be corrected with the “Void” box checked. Identify the

Jul 27, 2017

Cat. No. 54564T

Instructions For Form 720-To - Terminal Operator Report

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