Form 720-CS – Carrier Summary Report

Last reviewed: 2025-10-26

Use the IRS Form 720-CS: Carrier Summary Report Filing Tax Form Calculator IRS Form 720-CS: Carrier Summary Report Filing as a stand alone tax form calculator to quickly calculate specific amounts for your 2026 720cs state tax return. Alternatively, you can use one of our Combined Federal and State Tax Estimators to quickly calculate your salary, tax, and take-home pay.

IRS Form 720-CS is a quarterly information report submitted by pipeline operators and bulk transport carriers that ship or store fuel. The form summarizes movements of gasoline, diesel, kerosene, and other petroleum products through pipelines and terminals within the U.S. federal excise tax system. It complements the Form 720 filing structure by providing shipment-level data to support excise tracking and enforcement.

Core elements of Form 720-CS:

Quarterly due dates: Last day of the month following each calendar quarter (e.g., April 30, July 31, etc.).
Reporting entities: Required for pipeline operators, vessel carriers, barge operators, and rail carriers moving liquid fuel in bulk.
Reportable data: Includes terminal control numbers (TCNs), product codes, carrier EIN, shipment volumes, origin/destination terminals, and transfer dates.
Electronic filing: Strongly encouraged and often mandatory for entities with many transactions. IRS uses e-file to cross-reference fuel movement data with 720 and 720-TO submissions.

Carrier Summary Report
Part II Transactions for the Month
			Net Gallons (attach additional schedule(s) if needed) Enter the transactions for the period on Schedules A and B, then complete lines 1 and 2 for each product code (PC) (see instructions)
			(a) PC:	(b) PC:	(c) PC:	(d) PC:
Total receipts. Enter the total net gallons from Schedule(s) A, column (g), by PC. If you have receipts from more than one facility for a PC, add the amounts from each facility's Schedule A and enter the combined total by PC.
Total deliveries. Enter the total net gallons from Schedule(s) B, column (g), by PC. If you have deliveries to more than one facility for a PC, you must add the amounts from each facility’s Schedule B and enter the combined total by PC.
Schedule A Carrier Receipts
1 Product Code (PC). Enter the PC (see instructions). A separate schedule is required for each PC ▸					Page of For more than one Schedule A, for each different PC, number each sheet. For example, 1 of 4, 2 of 4, etc.
2 Enter in the columns below the information requested for the PC on line 1 above.
(a) Consignor EIN	(b) Consignor name	(c) Mode code	(d) Vessel official number (required when mode code is B, S, IB, IS, EB, or ES)	(e) Document date	(f) Document number	(g) Net gallons

















3 Total. Add all amounts in column (g) and enter the total. If there is more than one page for a PC, add the amounts from each page and enter the result on the last page of Schedule A for that PC. Do not enter page subtotals. Enter the amount from column (g) on Form 720-CS, Part II, line 1, in the column for the applicable PC						3
Schedule B Carrier Deliveries
1 Product Code (PC). Enter the PC (see instructions). A separate schedule is required for each PC ▸					Page of For more than one Schedule B, for each different PC, number each sheet. For example, 1 of 4, 2 of 4, etc.
2 Enter in the columns below the information requested for the PC on line 1 above.
(a) Consignor EIN	(b) Consignor name	(c) Mode code	(d) Vessel official number (required when mode code is B, S, IB, IS, EB, or ES)	(e) Document date	(f) Document number	(g) Net gallons

















3 Total. Add amounts in column (g) and enter the total. If there is more than one page for a PC, add the amounts from each page and enter the result on the last page of Schedule B for that PC. Do not enter page subtotals. Enter the amount from column (g) on Form 720-CS, Part II, line 2, in the column for the applicable PC						3

Form 720-CS plays a critical role in federal excise fuel tax compliance. It does not determine tax liability itself but ensures that all parties in the bulk fuel supply chain are accounted for and reconciled within the excise tax framework. Discrepancies between 720-CS and 720-TO filings may trigger audits or IRS correspondence.

Last reviewed: 2025-10-26: If you believe this form requires an update, please contact us.

Fuel carriers should implement rigorous internal tracking systems to capture all reportable movements, ensure EIN accuracy, and maintain a consistent relationship between transport logs and IRS-required summaries. The IRS requires these reports even if no tax is due—noncompliance can result in penalties or disqualification from future tax credits.

For efficient compliance, consider using fuel management software or integrated systems that can output Form 720-CS formats automatically. This minimizes manual data entry errors and improves responsiveness to IRS information matching protocols.

Frequently Asked Questions

Can I estimate the General Business Credit?

Start with Form 3800 and then reflect the credit here.

How much would a 401(k) contribution change my net?

Model it with the 401(k) Calculator then rerun this page with your pre-tax amount.

Considering an IRS Offer in Compromise?

Read through Form 656-B to understand eligibility and steps.

What does FICA include?

FICA includes Social Security and Medicare payroll taxes withheld from employee wages.

Is there a quick pay-frequency comparison?

Yes—switch frequency on this page; for employer filings see 941 vs 944.

Important Notes

All calculations are estimates for guidance only. Always review your return and consider professional advice when submitting official filings.