Instructions For Form 720 - 2017 (Page 3 of 20) in pdf

Rev. Rul. 2016-03 (foreign reinsurance), 2016-3 I.R.B.

Disregarded entities and qualified subchapter S subsid

282, at

iaries. Qualified subchapter S subsidiaries (QSubs) and

eligible single-owner disregarded entities are treated as

You may also call the Business and Specialty Tax line at

separate entities for excise tax and reporting purposes.

1-800-829-4933 with your excise tax questions. The hours of

QSubs and eligible single-owner disregarded entities must

operation are Monday-Friday, 7:00 a.m. to 7:00 p.m. local

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

time.

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

Private Delivery Services

refunds, credits, and payments under the EIN. These actions

cannot take place under the owner's taxpayer identification

You can use the following private delivery services

number (TIN). Some QSubs and disregarded entities may

designated by the IRS to meet the “timely mailing as timely

already have an EIN. However, if you are unsure, please call

filing/paying” rule for tax returns and payments.

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

DHL Express 9:00, DHL Express 10:30, DHL Express

Generally, QSubs and eligible single-owner disregarded

12:00, DHL Express Worldwide, DHL Express Envelope,

entities will continue to be treated as disregarded entities for

DHL Import Express 10:30, DHL Import Express 12:00, and

other federal tax purposes (other than employment taxes).

DHL Import Express Worldwide.

Thus, taxpayers filing Form 4136, with Form 1040, Individual

Federal Express (FedEx): FedEx First Overnight, FedEx

Income Tax Return, can use the owner's TIN. For more

Priority Overnight, FedEx Standard Overnight, FedEx 2 Day,

information, see Regulations section 301.7701-2(c)(2)(v).

FedEx International Next Flight Out, FedEx International

Priority, FedEx International First, and FedEx International

Signature

Economy.

Form 720 must be signed by a person authorized by the

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

entity to sign this return.

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

Air, UPS 2nd Day Air A.M., UPS Worldwide Express Plus,

Third Party Designee

and UPS Worldwide Express.

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

The private delivery service can tell you how to get written

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

proof of the mailing date.

the IRS, check the “Yes” box on Form 720 under Third Party

Designee. Also, enter the designee's name, phone number,

For the IRS mailing address to use if you are using a

and any five digits that person chooses as his or her personal

private delivery service, go to IRS.gov and enter “private

identification number (PIN).

delivery service” in the search box.

Private delivery services cannot deliver items to P.O.

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

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

speak with the designee to answer any questions relating to

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

the processing of, or the information reported on,

CAUTION

Form 720. You are also authorizing the designee to:

Photographs of Missing Children

Exchange information concerning Form 720 with the IRS,

and

The IRS is a proud partner with the

National Center for

Respond to certain IRS notices that you have shared with

Missing & Exploited Children®

(NCMEC). Photographs of

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

missing children selected by the Center may appear in

notices to your designee.

instructions on pages that would otherwise be blank. You can

help bring these children home by looking at the photographs

You are not authorizing the designee to receive any refund

and calling 1-800-THE-LOST (1-800-843-5678) if you

check, bind you to anything (including additional tax liability),

recognize a child.

or otherwise represent you before the IRS. If you want to

expand the designee's authority, see Pub. 947, Practice

Specific Instructions

Before the IRS and Power of Attorney.

The authorization will automatically expire 1 year from the

Name and Address

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

Type your name, address, and the quarter ending date

720. If you or your designee want to revoke this authorization,

(month and year). If your address changes, check the

send a written statement of revocation to:

address change box above Form 720, Part I.

Department of the Treasury

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

Internal Revenue Service

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

Cincinnati, OH 45999

instead of the street address.

Foreign address. Follow the country's practice for entering

See Pub. 947 for more information.

the postal code. Do not abbreviate the country name.

Paid Preparer Use Only

Employer Identification Number (EIN)

A paid preparer must sign Form 720 and provide the

Enter the correct EIN. If you are a one-time filer, you may not

information in the Paid Preparer Use Only section at the end

need an EIN. See Gas guzzler tax (IRS No. 40), later. If you

of the form if the preparer was paid to prepare the form and is

do not have an EIN, you may apply for one online. Go to the

not an employee of the filing entity. The preparer must give

IRS website at

and click on

you a copy of the form in addition to the copy to be filed with

the “Employer ID Numbers (EINs)” link. You may also apply

the IRS. If you are a paid preparer, enter your Preparer Tax

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

Identification Number (PTIN) in the space provided. Include

Employer Identification Number, to the IRS.

your complete address. If you work for a firm, you also must

Instructions for Form 720 (Rev. 12017)

Instructions For Form 720 - 2017 Page 3

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