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Tax World
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Terminal Operator Report and Carrier Summary Report. Forms 720-TO and 720-CS
Use Forms 720-TO and 720-CS, Terminal Operator Report and Carrier Summary Report, to: Form 720-TO is an information return that is used by terminal operators to report their monthly receipts and disbursements of liquid products. Reporting is required for inactive terminals. Form 720-CS is an information return that is used by bulk carriers to report their monthly receipts and disbursements of liquid products. A liquid product is any liquid that is transported into storage at a terminal or delivered out of a terminal. See the product code table on page 6.
"Terminal operators (those who own, operate, or otherwise control a terminal) use Form 720-TO to report their monthly receipts and disbursements of all liquid products to and from all approved terminals." "Bulk carriers (pipelines, barges, or vessels who deliver or remove liquid product at approved terminals) use Form 720-CS to report their monthly receipts and disbursements of liquid products." DOWNLOAD 720-TO and 720-CS This form may be downloaded directly from the IRS website. To open or download, in PDF format, simply click on the link below: Forms 720-TO and 720-CS
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