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Official form guide
Form 720-CS: Carrier Summary Report
IRS Form 720-CS is a Carrier Summary Report used to report monthly receipts and disbursements of all liquid products at a storage location designated by an FCN. The form must be filed monthly, due the last day of the month following the transaction.
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IRS Form 720-CS - Carrier Summary Report
IRS Form 720-CS is a Carrier Summary Report used to report monthly receipts and disbursements of all liquid products at a storage location designated by an FCN. The form must be filed monthly, due the last day of the month following the transaction.
Risk Radar
Scan points- 1Ensure you attach a separate Schedule A for every distinct facility and product code used.
- 2Filing without printing the approved form number if using a substitute Form 720-CS.
- 3Not detailing transactions on a separate Schedule A for each distinct facility and product code.
- 4Entering incorrect names or EINs for carriers/consignors in Part I, which can trigger penalties.
- 5Forgetting to complete lines 1 and 2 of Part II by summarizing totals from Schedules A and B.
Plain English
This form summarizes how much liquid product (like gasoline) was moved into or out of a specific storage spot each month. Bulk transport carriers use it to officially report these movements to the IRS. It ensures the government knows exactly what products were handled and where they went.
Submission Date
- Filing date: 2017-09-16 08:01:41
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
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What this form is for
- Use this form when you are a bulk transport carrier (barges, ships, or pipelines) reporting monthly receipts and disbursements of all liquid products at a storage location designated by an FCN.
- Do not use Form 720-CS if you are filing electronically but only have fewer than 25 transactions reported in that month; electronic filing is required for returns with 25 or more transactions.
- Check Form 637 instead when you need to apply for a registration number because you do not currently have one.
Form selector
Use this form or another form?
Need to report transaction receipts/disbursements at an approved terminal (pipelines only)
Pipelines must file receipt or delivery transactions specifically at an approved terminal.
✓ Check the filing instructions for pipeline-specific requirements.
Must correct a previously paper-filed return
When correcting, send the first page of Form 720-CS with the schedule(s) needing correction and check the 'Void' box.
✓ Ensure you include the Jul 26, 2017 Cat. No. 54364R.
Need to request an EIN for a carrier or consignor before filing
Use Form W-9 (Request for Taxpayer Identification Number and Certification) or your own form to obtain the necessary EINs.
✓ Verify that the name and EIN furnished are correct on the submitted forms.
Deadline or filing window
The filing period is monthly. The report must be submitted by the last day of the month following the transaction. If the due date falls on a Saturday, Sunday, or legal holiday, the filer may submit it on the next business day.
Checklist
What you need before filling it out
Purpose of Form
Bulk transport carrier status / Liquid product receipts/disbursements · Instructions p.1
Filing Frequency
Monthly · Instructions p.1
Due Date
Last day of the month following the transaction · Instructions p.1
Required Filer Type
Bulk transport carriers (barges, ships, pipelines) · Instructions p.1
Penalty Trigger
Failure to file timely or include incorrect information/EIN · Instructions p.2
Electronic Filing Requirement
Required if reporting 25 or more transactions a month · Instructions p.1
Before you submit
- 1Confirm the form is filed monthly, due by the last day of the following month.
- 2Verify that all liquid products transported in or out of storage at an FCN are accounted for.
- 3Ensure correct names and EINs are furnished for all carriers and consignors.
- 4If correcting a return, check the 'Void' box on the first page and include the correction schedule(s).
- 5When mailing to the IRS, ensure the form is sent in a flat (not folded) manner.
- 6Confirm that if filing electronically through ExSTARS, you are using the correct system.
- 7If sending via Private Delivery Service, verify it can deliver to the designated IRS address.
How to file this form
- 1Complete Form 720-CS by reporting monthly receipts and disbursements of all liquid products at a designated FCN.
- 2Ensure you include correct names and EINs for carriers and consignors on the form.
- 3If making corrections, check the 'Void' box on the first page and attach the corrected schedule(s) using Jul 26, 2017 Cat. No. 54364R.
- 4Send the completed Form 720-CS to Internal Revenue Service Attn: Excise Unit Stop 5701G in a flat mailing.
- 5If filing electronically, submit the return through the Excise Summary Terminal Activity Reporting System (ExSTARS).
- 6Keep copies of the filed information returns or data for at least 3 years from the date of the return.
Known limitations
- 1Pipelines only file receipt or delivery transactions at an approved terminal.
- 2Electronic filing is required for each return reporting 25 or more transactions a month, although all taxpayers are encouraged to e-file.
- 3The instructions provided are specifically for paper filers.
Field map
Compact field-by-field guide
General Info
2 items
Full legal name and taxpayer identification number (SSN or EIN).
Current mailing address.
Details
2 items
Complete all applicable sections of this form according to the official IRS instructions.
Enter the relevant dollar amount if this form involves tax calculation.
Certification
1 items
Read and acknowledge any certifications required by this form.
Signatures
1 items
Sign and date. Unsigned forms cannot be processed.
Almost done reviewing the fields?
Fillable formOpen in Editor->The current edition is dated September 2010, with instructions revised in July 2017. For the latest information about Form 720-CS and its instructions, filers should consult IRS.gov/Form720CS.
What changed or needs a fresh check
- Edition date — confirm the revision reads September 2010.
- Instructions revision date — confirm the instructions read July 2017.
- Mailing address — confirm the IRS address is Cincinnati, OH 45999.
- Signature — state that signing before sending is required (implied by general instruction).
- Correction reference number — confirm the correction needs to use Jul 26, 2017 Cat. No. 54364R.
Quick Facts
Downloads
After you file
- 1Keep copies of the information returns filed with the IRS or the data used to reconstruct them for at least 3 years from the date of the return.
- 2Ensure records are available at all times for inspection by the IRS.
- 3If correcting a schedule, only enter the information for the specific transaction being corrected on the 'Corrected' schedule(s).
- 4When filing electronically through ExSTARS, use the Excise Summary Terminal Activity Reporting System.
Sources
- SRCInstructions p.1 — Purpose of Form 720-CS is to report monthly receipts and disbursements of all liquid products at a storage location designated by an FCN.
- SRCInstructions p.1 — Bulk transport carriers (barges, ships, and pipelines) must file Form 720-CS if they receive or deliver reportable liquid products in or out of storage at a terminal or any other location designated by an FCN.
- SRCInstructions p.1 — The due date is the last day of the month following the month in which the transaction occurs.
- SRCInstructions p.1 — Form 720-CS must be sent to Internal Revenue Service Attn: Excise Unit Stop 5701G, Cincinnati, OH 45999.
- SRCInstructions p.2 — Records must be kept for at least 3 years from the date of the return.
- SRCForm p.1 — Part I requires the Carrier Company name and Employer identification number (EIN) to be listed.
Common confusion points
Who must file Form 720-CS?
Bulk transport carriers (barges, ships, and pipelines) who receive or deliver reportable liquid products at a terminal or an FCN-designated location.
When is the due date for filing?
The report must be filed monthly, specifically on the last day of the month following the month in which the transaction occurs.
What counts as a 'liquid product'?
Any liquid transported into storage at any facility; these products are identified and reported separately by their codes listed in Table 2.
'Corrected' box checked?
On corrected schedules, only enter the information for the single transaction that is being corrected.
How do you file if the due date is a weekend or holiday?
File the return on the next business day.
What happens if you fail to file correctly?
A penalty may apply if you fail to file timely, omit required information, include incorrect data, report an incorrect EIN, or fail to report an EIN where required.
Workflow map
Related forms and next steps
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⚠ If something goes wrong
- When contacting the Taxpayer Advocate, provide your name, address, TIN, and the contact information for an authorized person.
Questions about IRS Form 720-CS
What is IRS Form 720-CS used for?
This form summarizes how much liquid product (like gasoline) was moved into or out of a specific storage spot each month. Bulk transport carriers use it to officially report these movements to the IRS. It ensures the government knows exactly what products were handled and where they went.
Who must file IRS Form 720-CS?
Bulk transport carriers, which include barges, ships, and pipelines, must file Form 720-CS if they receive or deliver reportable liquid products at a designated terminal or location.
What information does IRS Form 720-CS require?
Part I collects carrier identification details like the company name and EIN. Part II summarizes these monthly receipts and disbursements by product code using Schedules A and B.
When is IRS Form 720-CS due?
Form 720-CS must be filed monthly, with the report due on the last day of the month following the month in which the transaction occurs.
Where do I file IRS Form 720-CS?
Send Form 720-CS to the Internal Revenue Service Attn: Excise Unit Stop 5701G in Cincinnati, OH 45999. The forms must be sent in a flat mailing.
How do I complete IRS Form 720-CS?
First, fill out Part I with your company's details. Then, use Schedules A and B to detail transactions. Finally, complete lines 1 and 2 in Part II by entering the total net gallons for each product code (PC) from the attached schedules.
What happens if IRS Form 720-CS is filed incorrectly?
Failure to file a correct information return by the due date can subject the filer to a penalty if reasonable cause cannot be shown. Penalties also apply for incorrect or missing EINs on the report.
Who must file Form 720-CS?
Bulk transport carriers (barges, ships, and pipelines) who receive or deliver reportable liquid products at a terminal or an FCN-designated location.
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