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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Individuals and businesses that purchase fuel for one of those purposes can claim a tax credit by filing Form 4136, Credit for Federal Tax Paid on Fuels.
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.
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.) This remainder credit of $0.317 is reported on Form 4136, Credit for Federal Tax Paid on Fuels, at the end of the year.
* Individuals attach Form 4136 to Form 1040 and claim the credit on line 70 under "Payments" (hence refundable);
In October, Capital One went a different route with a 9" x 12" envelope format that featured a kraft-like paper outer envelope bearing the copy "Form 4136 Enclosed" and a boxed-out warning against mail tampering that is supposed to sound official.
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 credit is also allowed for gasoline used on farms, for which the taxpayer cannot make quarterly refund claims.) The taxpayer uses Form 4136, Credit for Federal Tax Paid on Fuels, attaching the form to its income tax return.
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.