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Instructions for Filing Terminal Supplier Fuel Tax Return For Calendar Year 2019General Information Who Must File? Terminal suppliers with facilities in Florida who transfer, exchange, loan, sell,
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Terminal suppliers are required to submit Form 720 to report and pay excise taxes on petroleum products they receive or deliver.
Terminal suppliers who receive or deliver petroleum products are required to file Form 720.
To fill out Form 720 for terminal suppliers, you need to provide information on the petroleum products received or delivered, calculate the excise taxes owed, and submit the form to the IRS.
The purpose of terminal suppliers filing Form 720 is to report and pay excise taxes on petroleum products to the IRS.
Terminal suppliers must report information on the quantity and type of petroleum products received or delivered, as well as calculate and pay excise taxes owed.
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