Federal IRS Tax Forms

IRS Form 637 - Excise Tax Registration:  Producers, marketers, and blenders of ethanol, gasoline, and other fuels, are required to pay excise taxes on those products Before they can do business that includes collecting and remitting excise taxes, they have to register with the IRS. Form 637 is called the "Application for Registration (For Certain Excise Tax Activities)."

IRS Form 720 - Quarterly Excise Tax Return:  This is the quarterly form that must be filled out by holders of 637M licenses, to reconcile excise taxes owed with deposits made throughout the quarter.  Generally, excise taxes are deposited semimonthly – once for the first 15 days of a month, and again for the 16th through the last day of a month.  For specific requirements, refer to IRS form 510.  Instructions for form 720 can be found here: Instructions for IRS Form 720

IRS Form 8849 - Claim for Refund of Excise tax:  This is the form that is used by a person or a business that has no excise tax obligation that would be reported on form 720, but who has earned an Alternative Fuel Credit by blending gasoline and ethanol.  Credits for ethanol blends would be listed on schedule 3, which is called “Certain Fuel Mixtures and the Alternative Fuel Credit.”   Schedule 3 can be found here: Ethanol and Biodiesel supplement to IRS Form 8849

IRS Form 8911 - Alternative Fuel Vehicle Refueling Property Credit: This is the form used to figure tax credit for alternative fuel vehicle refueling property placed in service during a tax year.  Qualified refueling property is any equipment used to store or dispense an alternative fuel into the fuel tank of a motor vehicle propelled by the fuel, but only if the storage or dispensing is at the point where the fuel is delivered into that tank.  The credit for all property placed in service at each location is generally the smaller of 30% of the property’s cost or $30,000 (The Alternative Fuel Vehicle Refueling Property Tax Credit expired on December 31, 2011, but was retroactively extended in fiscal cliff legislation signed by President Obama in January 2013.  Retailers that put equipment into place to offer E85 in 2012 are likely eligible for the credit.  The credit is now set to expire on December 31, 2013.)

Any tax information or written tax advice contained herein (including any attachments) is not intended to be and cannot be used by any taxpayer for the purpose of avoiding tax penalties that may be imposed on the taxpayer.

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