Form 4136

Form 4136

A form that one files with the IRS to claim a tax credit for certain federal excise taxes paid on automotive fuel. It is also used to claim a tax credit for the use of alternative fuels.
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With two exceptions, all other entities are required to file a Form 4136, Credit for Federal Tax Paid on Fuels, with their federal income tax returns to claim a federal income tax refund.
Instead, it must use Form 4136 to claim a refundable income tax credit under Sec.
34 credit, it is necessary to file Form 4136 as an attachment to the taxpayer's income tax return.
To claim a credit for the federal tax, taxpayers file with their tax return Form 4136, Credit for Federal Tax Paid on Fuels.
If the amount is less, annual reporting for the claim utilizes Form 4136.
Individuals attach Form 4136 to Form 1040 and claim the credit on line 70 under "Payments" (hence refundable);
C corporations include the Form 4136 payment in the taxes paid area (line 32 f[2] on Form 1120) as a payment applied [hence refundable]);
Caution: The credits for Federal tax on fuels and for the purchase of a diesel-powered vehicle (claimed on Form 4136, Credit for Federal Tax Paid on Fuels) are not passive activity credits.
c) Fuels credit: Complete Form 4136, Credit for Federal Tax Paid on Fuels, and attach to the return.
Two courts recently held that a taxpayer may file an amended Form 4136, Credit for Federal Tax Paid On Fuels, for a Sec.
A taxpayer may not claim a credit on Form 4136 if there was a timely filed claim relating to those specific gallons of fuel during the year.
A tax-exempt user would normally claim a credit on a Form 4136, Credit for Federal Tax Paid on Fuels, attached to its annual income tax return; users that do not file an income tax return would claim a refund on Form 8849, Claim for Refund of Excise Taxes, at the end of the year.