Include the suite, room, or other unit number after the street address.
If the post office does not deliver mail to the street address and you have a P.O. box, show the box number instead of the
street address.
Enter the information in the following order: city, province or state, and country. Follow the country's practice for entering
the postal code. Do
not abbreviate the country's name.
Enter the name, daytime telephone number, fax number, and email address for the person who should be contacted to discuss
this information return.
Employer Identification Number (EIN)
Enter your EIN. If you do not have an EIN, use Form SS-4, Application for Employer Identification Number, to apply for one.
You can get this form
at Social Security Administration offices or by calling 1-800-TAX-FORM (1-800-829-3676). You can apply for an EIN online or
by telephone, fax, or
mail. See the Instructions for Form SS-4 for more information. If you have applied for an EIN but you do not have your EIN
by the time you must file
your information return, enter “Applied for” in any space where your EIN must be entered.
Form 637 Registration Number
Enter the assigned IRS number. Regulations sections 48.4101-1(c)(1)(iii)(iv)(vi) and (vii) require pipeline operators, position
holders, terminal
operators, and vessel operators to be registered by the IRS. If you do not have a registration number, use Form 637, Application
for Registration (For
Certain Excise Tax Activities). Form 637 has information on how to apply for a registration number.
Carrier and Consignor Names and EINs
EINs are used to associate and verify transactions you report to the IRS. Therefore, it is important that you furnish correct
names and EINs for
carriers and consignors on the forms sent to the IRS.
You may use Form W-9, Request for Taxpayer Identification Number and Certification, or your own form, to request an EIN from
a carrier or a
consignor. You may be subject to a penalty for an incorrect or missing EIN on an information return. See Penalty on page 1. You are
required to maintain the confidentiality of information obtained on a Form W-9 relating to the taxpayer's identity and you
may use such information
only to comply with filing these information returns.
Note.
Foreign persons may use the appropriate Form W-8. See the Instructions for the Requester of Forms W-8BEN, W-8ECI, W-8EXP, and W-8IMY.
Terminal.
A taxable fuel storage and distribution facility that is supplied by pipeline or vessel and from which liquid products,
such as taxable fuel, may
be removed at a rack. However, the term does not include any facility at which gasoline blendstocks are used in the manufacture
of products other than
finished gasoline and from which no gasoline is removed. Also, the term does not include any facility where finished gasoline,
undyed diesel fuel, or
undyed kerosene is stored if the facility is operated by a taxable fuel registrant and all such taxable fuel stored at the
facility has been
previously taxed under section 4081 upon removal from a refinery or terminal.
Approved terminal.
A terminal that is operated by a taxable fuel registrant that is a terminal operator.
Position holder.
For IRS Excise information reporting only, with respect to a liquid product in a terminal, the person that holds
the inventory position in the
liquid product as reflected on the records of the terminal operator. A person holds the inventory position in a liquid product
when that person has a
contractual agreement with the terminal operator for the use of storage facilities and terminaling services at a terminal
with respect to the liquid
product. The term also includes a terminal operator that owns a liquid product in its terminal.
Net gallons.
Liquid product measured in U.S. gallons corrected to a temperature of 60° Fahrenheit or 15° Celsius and to a pressure
of 14.7 pounds per
square inch (psi).
Gross gallons.
The total product measured in U.S. gallons without temperature or barometric adjustments.
Consignor.
The person that hires the carrier to transport liquid product.
Transport carriers (bulk).
Includes pipelines, barges, or vessels delivering or removing liquid product at approved terminals.
Transport carriers (non-bulk).
Includes trucks or railcars delivering or removing liquid product at approved terminals and removals from terminals
(other than by truck or rail)
for sale or use.
Mode of Transportation/Book Adjustment Codes.
The table below lists the mode of transportation codes. See book adjustments (Code BA) below for use of code BA instead
of a transportation code.
Table 1. Mode of Transportation Codes
| Non-bulk |
Bulk |
| J Truck
|
B Barge
|
| R Rail
|
PL Pipeline
|
| RT Removal from terminal (other than by truck or rail) for sale or consumption. See RT-Removal from
terminal below.
|
S Ship (great lake or ocean)
|
BA-Book adjustments
are product reclassifications or conversions of products at the terminal that result in a product code change. Examples include
conversion of
diesel fuel #2 low sulfur undyed to diesel fuel low sulfur dyed and reclassification of jet fuel to kerosene high sulfur dyed,
or diesel fuel high
sulfur #1 undyed. Book adjustments itemize changes, in volume, of at least one liquid product and another liquid product,
with no physical movement of
the product. Book adjustments must be reported in summary. For book adjustments, summary reporting means the combining of
all book adjustment
transactions by product code for the reporting period.
-
Schedule A. Report the book adjustments for a product code along with the other transactions for the product code.
-
Schedule B. Do not report book adjustments on any position holder's schedule. Instead, use a separate Schedule B with “book
adjustment” as the position holder.
CE-Summary code
is used when reporting product codes 092 and 122 in summary. See Optional Summary Reporting Instructions for Product Codes 092 and 122, and
Disbursements Using Mode of Transportation Code “RT” on page 4.
RT-Removal from terminal.
Monthly disbursement transactions for any product code using “
RT” may be reported using the
Optional Summary Reporting Instructions for
Product Codes 092 and 122 (Schedule B), and Disbursements Using Mode of Transportation Code “RT” on page 4, or may be reported in detail.
Terminal Operator Report, Form 720-TO
Use Form 720-TO to report receipts and disbursements of all liquid products to and from all approved terminals.
A separate Schedule B must be prepared for each position holder and for each related product code that is destined for more
than one state or has
more than one mode of transportation.
Each terminal operator is required to file a separate Form 720-TO for each approved terminal.
Name and location of terminal.
Enter the name and location of the terminal as published on the IRS website.The list of terminals can be found at
www.irs.gov/excise under topic Terminal Control Number (TCN)
Database.
Terminal control number (TCN).
Enter the TCN assigned to the terminal's physical location by the IRS.
Part III. Transactions for the Month
Part III is for the terminal operator to provide a monthly summary of the terminal receipts and disbursements by product code.
Line 1.
Enter the physical inventory of net gallons by product code at the beginning of the reporting period. This should
be the same number as reported
for actual ending inventory the previous month.
Line 2.
If you have more than one Schedule A, Terminal Operator Receipts, for a product code, combine the totals from each
column (f) for the product code
and enter the total on
line 2.
Line 4.
If you have more than one Schedule B, Terminal Operator Disbursements by Position Holder, for a product code, combine
the totals from each column
(e) for the product code and enter the total on line 4.
Line 6.
Enter all gains and losses by product code. The amount entered on line 6 will show any difference, plus or (minus),
between lines 5 and 7. Book
adjustments or other known transactions are not considered gains or losses.
Line 7.
Enter the actual physical ending inventory at the terminal.
Transaction Reporting Instructions for All Product Codes
Schedule A. Terminal Operator Receipts
Use this schedule to report each receipt of product (bulk and non-bulk) by the terminal operator. A separate Schedule A must
be used for each
product code.
Note.
Non-bulk receipts of product code 092 or 122 can be reported in summary by month instead of reporting them as separate transactions.
If you wish to
summarize these transactions by month, use the optional reporting instructions for Schedule A below instead of these instructions.
Enter the product code from Table 2 on page 6. Product code 122 (blending components) includes gasoline blendstocks as defined
in Regulations
section 48.4081-1(c)(3)(i) but not listed in the product code table.
Column (a).
Enter the name of the carrier that transports the product into the terminal.
Column (b).
Enter the carrier's EIN. If the carrier is a foreign flag vessel and the EIN is unknown, enter 88-8888888.
Column (c).
Enter the mode of transportation code from
Table 1 on page 3.
Column (d).
Enter the date the product was received into the terminal (mmddyyyy).
Column (e).
Enter the identifying number from the document provided by the carrier that reflects the details of the transaction.
This could be the terminal
receipts document, pipeline ticket number, pump order number, bill of lading, barge ticket number, inspection report, etc.
Both the carrier and
terminal operator must report the same document number.
Column (f).
Enter the actual net gallons received into the terminal. For non-bulk deliveries to a terminal where net gallons are
not measured, enter gross
gallons.
Schedule B. Terminal Operator Disbursements by Position Holder
Use this schedule to report each disbursement of product (bulk and non-bulk) by the terminal operator by position holder.
A separate Schedule B for
each position holder, separating bulk from non-bulk, must be used for each product code that is destined for more than one
state or has more than one
mode of transportation.
Note.
Bulk and non-bulk disbursements of product code 092
or 122 can be reported in summary instead of reporting them as separate transactions. If you wish to summarize these transactions,
use the
optional reporting instructions for Schedule B below instead of these instructions.
Position holder (PH) name.
Enter the name of the entity holding the inventory position in the terminal.
Enter the product code from Table 2 on page 6.
Enter the destination state code from Table 3 on page 7. The destination state code is required for non-bulk (truck or rail
car) disbursements
only. If a fuel transport truck is receiving fuel destined for different states, the terminal operator will issue a bill of
lading, manifest, or other
shipping document for each state of destination. You are required to report each separate shipping document as a separate
transaction.
Enter the code from Table 1 on page 3.
Example.
ABC Terminal is preparing Schedule B for disbursements made by position holder XYZ. XYZ disburses gasoline (PC 065),
diesel fuel #2 low sulfur
undyed (PC 167), and jet fuel (PC 130) during the month destined for two states. ABC must prepare six Schedules B to report
XYZ's transactions (three
product codes x two destination states).
Column (a).
Enter the name of the carrier that transports the product out of the terminal.
Column (b).
Enter the carrier's EIN. If the carrier is a foreign flag vessel and the EIN is unknown, enter 88-8888888. If the
carrier is a military vehicle and
you cannot obtain proper EIN, enter 77-7777777.
Column (c).
Enter the date the product was removed from the terminal (mmddyyyy).
Column (d).
Enter the identifying number from the document provided by the terminal operator to the carrier that reflects the
details of the transaction. This
could be a bill of lading, manifest, inspection report, or other shipping document. Both the carrier and terminal operator
must report the same
document number.
Column (e).
Enter the actual net gallons disbursed from the terminal.
Column (f).
Enter the gross gallons disbursed from the terminal as shown on the document listed in column (d). No entry is required
for product codes 092 and
122.
Optional Summary Reporting Instructions for Product Codes 092 and 122, and Disbursements Using Mode of Transportation Code
“RT”
Schedule A. Terminal Operator Receipts
Use these instructions to report in summary by month the non-bulk receipts of product codes 092 and 122 into the terminal.
If you have bulk
receipts for product codes 092 and 122, you must use the instructions for Schedule A above and report these transactions in
detail. Use separate
Schedules A for product codes 092 and 122. Do not combine product code 092 with product code 122.
Product code.
If the product is a blending component and not listed in Table 2, enter 122. If the product is not a blending component,
enter 092.
Column (a).
Enter “
Various.”
Column (b).
Enter “
99-9999999.”
Column (d).
Enter the month ending date (mmddyyyy).
Column (e).
Enter “
Summary.”
Column (f).
Add the net gallons for all transactions for the month and enter the total.
Schedule B. Terminal Operator Disbursements by Position Holder
Use these instructions to report in summary the total disbursements (bulk and non-bulk) of product codes 092 and 122 for each
position holder. Use
separate Schedules B for product codes 092 and 122. Do not combine product code 092 with product code 122.
Product code.
If the product is a blending component and not listed in Table 2, enter 122. If the product is not a blending component,
enter 092.
Destination state.
Enter the destination state code from Table 3 on page 7.
Mode of transportation.
Enter “
CE” or “
RT,” if applicable.
Column (a).
Enter “
Various.”
Column (b).
Enter “
99-9999999.”
Column (c).
Enter the month ending date (mmddyyyy).
Column (d).
Enter “
Summary.”
Column (e).
Add the total net gallons for all transactions for the month by the terminal for each position holder and product
code, and enter the total.
Column (f).
Not required for product codes 092 and 122.
Carrier Summary Report, Form 720-CS
Form 720-CS is required to be filed by bulk transport carriers (barges, vessels, and pipelines) who receive liquid product
from an approved
terminal or deliver liquid product to an approved terminal.
Part II. Transactions for the Month
Part II is used by the carrier to report a monthly summary of the receipts from terminals and disbursements to terminals by
product code. Use
only the product codes listed in Table 2 on page 6.
Schedule A. Carrier Receipts From a Terminal
Use this schedule to report each bulk receipt of liquid product by the carrier from a terminal. A separate Schedule A must
be used for each product
code.
TCN.
Enter the TCN assigned to the terminal's physical location by the IRS. The list of terminals by TCN is available on
the IRS website at
www.irs.gov/excise.
Enter the product code from Table 2 on page 6. Product code 122 (blending components, other) includes gasoline blendstocks
as defined in
Regulations section 48.4081-1(c)(3)(i) but not listed in the product code table.
Column (a).
Enter the EIN of the company hiring the carrier.
Column (b).
Enter the name of the company hiring the carrier.
Column (c).
Enter the code from Table 1 on page 3.
Column (d).
Enter the date from the document in column (e) (mmddyyyy).
Column (e).
Enter the identifying number from the document provided by the terminal operator to the carrier that reflects the
details of the transaction. This
could be a bill of lading, manifest, inspection report, or other shipping document. Both the carrier and terminal operator
must report the same
document number.
Column (f).
Enter the actual net gallons received from the terminal.
Schedule B. Carrier Deliveries To a Terminal
Use this schedule to report each bulk delivery of liquid product by the carrier to a terminal. A separate Schedule B must
be used for each product
code.
TCN.
Enter the TCN assigned to the terminal's physical location by the IRS.
Enter the product code from Table 2 on page 6.
Column (a).
Enter the EIN of the company hiring the carrier.
Column (b).
Enter the name of the company hiring the carrier.
Column (c).
Enter the code from Table 1 on page 3.
Column (d).
Enter the date from the document in column (f) (mmddyyyy).
Column (e).
Enter the identifying number from the document provided by the carrier to the terminal operator when the product is
delivered to the terminal that
reflects the details of the transaction. This could be the terminal receipts document, pipeline ticket number, barge ticket
number, inspection report,
etc. Both the carrier and terminal operator must report the same document number.
Column (f).
Enter the actual net gallons delivered to the terminal.
