Instructions for Forms 720-TO and 720-CS - Notices
This is archived information that pertains only to the 2006 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.
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. We may also disclose
this information to
Federal and state agencies to enforce Federal nontax criminal laws and to combat terrorism. 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:
|
|
|
Learning about |
Preparing and |
Form |
|
Recordkeeping |
the law or |
|
sending the |
|
|
|
the form |
|
form to the IRS |
720-TO |
|
19 hr., 21 min. |
30 min. |
|
49 min. |
720-CS |
|
16 hr., 2 min. |
30 min. |
|
45 min. |
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 Products Coordinating 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.