Get Gas 1201 Form

The Gas 1201 Form is essential for individuals or businesses in North Carolina seeking a refund for tax-paid motor fuel used off-highway. This guide provides a step-by-step approach to filling out the form online, ensuring that you accurately complete each section.

Follow the steps to fill out the Gas 1201 Form online.

1. Click ‘Get Form’ button to obtain the form and open it in your editor.
2. Begin by entering your legal name in capital letters in the first section. If your address has changed since your last refund claim, mark the applicable circle. Include your trade name if applicable.
3. Indicate whether this is your first, amended, or final refund claim for a closed business by selecting the appropriate option.
4. Fill in the county, street address, mailing address, city, state, zip code, phone number, and fax number as required. Make sure to include your FEIN or SSN for identification.
5. Specify the refund for the calendar year, typically the previous year, in the designated field.
6. In Part 1 (Gallonage Accountability), thoroughly record your beginning inventory, total tax-paid motor fuel purchased, gallons used off-highway, and others, ensuring each total matches the specified lines.
7. In Part 2 (Computation of Refund), calculate the refund due on tax-paid motor fuel using the provided multiplication factors for off-highway equipment and include any applicable deductions for sales tax.
8. If claiming refunds for off-highway equipment, list the details in Part 3. Include type of machinery and equipment, along with the fuel type and engine horsepower.
9. For Part 4, document the type of fuel stored in bulk tanks as well as their capacity. This is necessary for accurate accounting.
10. In Part 5, list any licensed vehicles owned or leased, detailing the make of the vehicle and its fuel type. If the vehicle is a truck, include the gross license weight.
11. If applicable, complete Part 6 with farm refund information, including the name of crops cultivated and the number of acres.
12. Finally, review your completed form for accuracy. Then, sign and date the document at the bottom to certify that your claim is complete and accurate.
13. Once satisfied, save your changes and use the options to download, print, or share the completed form as needed.

Complete your Gas 1201 Form online today to ensure your refund is processed efficiently.