Privacy Act and Paperwork Reduction Act Notice.
We ask for the information on these forms in order to carry out the
Internal Revenue laws of the United States. Section 4101 and its
regulations require you to file an information return with the IRS.
Forms 720-TO and 720-CS are used to report the information. Section
6109 requires you to provide your taxpayer identification number.
Routine uses of tax information include giving it to the Department of
Justice for civil and criminal litigation, and to cities, states, and
the District of Columbia for use in administering their tax laws. If
you fail to provide this information in a timely manner, you may be
subject to penalties.
You are not required to provide the information requested on a form
that is subject to the Paperwork Reduction Act unless the form
displays a valid OMB control number. Books or records relating to a
form or its instructions must be retained as long as their contents
may become material in the administration of any Internal Revenue law.
Generally, tax returns and return information are confidential, as
required by section 6103.
The time needed to complete and file these forms will vary
depending on individual circumstances. The estimated average times
are:
If you have comments concerning the accuracy of these time
estimates or suggestions for making this form simpler, we would be
happy to hear from you. You can write to the Tax Forms Committee,
Western Area Distribution Center, Rancho Cordova, CA 95743-0001.
Do not send the tax form to this address. Instead, see
Where To File on page 1.