Get IRS 4136 2011

Generally, eligible taxpayers may claim fuel taxes as a credit against income tax for the year in which the qualifying use occurred. A claim for credit is made on the taxpayer's income tax return and should be accompanied by Form 4136, Credit for Federal Tax Paid on Fuels, which is used to compute the credit.

The Fuel Tax Credit is a federal subsidy that allows businesses to reduce their taxable income on specific types of fuel costs. Sorry, the video player failed to load.( Error Code: 100013)

Generally, eligible taxpayers may claim fuel taxes as a credit against income tax for the year in which the qualifying use occurred. A claim for credit is made on the taxpayer's income tax return and should be accompanied by Form 4136, Credit for Federal Tax Paid on Fuels, which is used to compute the credit.

The taxes are on fuels used to power vehicles and equipment on roads and highways. Taxes paid for fuel to power vehicles and equipment used off-road may qualify for the refund or credit. ... Some set a threshold number of gallons purchased and used during a year or other period for claiming a refund.

About Form 4136, Credit For Federal Tax Paid On Fuels Use this form to claim: a credit for certain nontaxable uses (or sales) of fuel during your income tax year, ... a credit for blending a diesel-water fuel emulsion.

Credit for alternative fuel vehicle refueling property: The provision extends through 2019 a credit for the installation of alternative fuel vehicle refueling property placed in service before 2020 Available for property that dispenses alternative fuels including ethanol, biodiesel, natural gas, hydrogen, and ...

The major excise taxes levied by state and federal governments are imposed on gasoline, diesel fuel, tobacco products, and alcoholic beverages. Generally speaking, farm operators pay little or no tax for off-road gasoline and diesel fuel, but are required to pay these taxes on fuel used by on-road vehicles.

Yes, farmers pay taxes. Because most farmers are land owners, they pay land taxes to both their county and to the school district where the property is located. They also pay income taxes. Farmers are self-employed business owners so the way they file their taxes is a little more complicated than the average household.

Diesel fuel is also available for off-road use without payment of excise tax, in which case it is dyed to designate it as exempt. ... To claim a credit for the federal tax, taxpayers file with their tax return Form 4136, Credit for Federal Tax Paid on Fuels.

Fuel taxes in the United States. The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel.