Get Complete And Attach The Statement Supporting Fuel Tax Credit (ftc) Computation-1

Filling out the Complete And Attach The Statement Supporting Fuel Tax Credit (FTC) Computation-1 is an essential process for claiming credits for federal taxes paid on fuels. This guide provides clear, step-by-step instructions to help users complete the form accurately and efficiently.

Follow the steps to successfully fill out the form online.

1. Click ‘Get Form’ button to obtain the form and open it in the online editor.
2. Enter your taxpayer identification number in the appropriate field. This should match the number shown on your income tax return.
3. Input your name exactly as it appears on your income tax return. Ensure proper spelling and spacing.
4. Review the cautionary declarations provided on the form. Acknowledge the responsibility of signing under penalty of perjury.
5. Detail the nontaxable use of gasoline by selecting the appropriate type of use from the options provided (off-highway business use, use on a farm, etc.). Fill in the required gallons and calculations in the respective columns.
6. Complete the sections for nontaxable aviation gasoline use and undyed diesel fuel. Ensure accuracy in the gallons used and the amounts claimed.
7. For kerosene and alternative fuel mixtures, follow the same process as above, ensuring to reference the appropriate rates and fill out the gallons and amounts of credit.
8. Carefully verify all entries for accuracy before finalizing. Ensure registration numbers are correct if applicable.
9. Once all sections are complete, you can save changes, download, print, or share the completed form as needed.

Start completing your documents online today to ensure you benefit from all applicable fuel tax credits.