Part III

Line 4. Report on Form 720, line 4, the total claims from Schedule C, line 15. See Schedule C , later.

Line 6. Include on line 6 the amount from line 11 of your previous return that you applied to this return and the amount from Form 720-X, line 5b.

Note: Include on line 6 of your next return the amount from line 11 you want to have applied to that return.

Caution: If you owe other federal tax, interest, or penalty, the overpayment on line 11 and line 7 will first be applied to the unpaid amounts.

Line 10. If line 3 is more than line 9, enter the difference on line 10. You don't have to pay if line 10 is under $1.00.

You may pay the amount shown on line 10 by IRS Direct Pay, EFTPS, check or money order, or, if filing electronically, EFW (direct debit). If you pay by IRS Direct Pay, EFTPS, or direct debit, don't file Form 720-V.

Caution: If you don't deposit as required and instead pay the taxes with Form 720, you may be subject to a penalty.