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How do I claim Credit for federal tax paid on fuels?

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Question
How do I claim Credit for federal tax paid on fuels?

Answer

Purpose of Form

Use Form 4136 to claim the following.

A credit for certain nontaxable uses (or sales) of fuel during your income tax year.

The alternative fuel credit.

A credit for blending a diesel-water fuel emulsion.

Attach Form 4136 to your tax return.

Instead of waiting to claim an annual credit on Form 4136, you may be able to file:

Form 8849, Claim for Refund of Excise Taxes, to claim a periodic refund; or

Form 720, Quarterly Federal Excise Tax Return, to claim a credit against your tax liability.

 

 

You cannot claim any amounts on Form 4136 that you claimed on Form 8849 or Form 720, Schedule C. If you report a tax liability on Form 720, you may be required to offset your tax liability with any credits you claim before claiming a credit on Form 4136 or a refund on Form 8849. The alternative fuel mixture credit must be taken on Form 720, Schedule C up to the amount of your taxable fuel liability reported on Form 720.

 

 

 

 

 


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Article Details
Views: 895 Created on: Jun 15, 2013
Date updated: Dec 07, 2018
Posted in: Credits

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