Access Leading Tax Experts And Technology
In Our Global Digital Marketplace

Please Type Topic Into Search Bar

How do I fill out the form for FUEL TAX CREDIT for a Sole Proprietor that owns and runs an 18 Wheeler. They bought over 22,000 gallions of gas last year.

Fuel Tax Credit
TaxConnections Members... Answer This Question Want To be One of Our Tax Experts? Register Here

Tax Professional Answers

User Photo
Caran Ebert, CPA
A sole proprietor that owns and runs an 18 wheeler is probably using diesel fuel pumped from a truck stop. Federal excise taxes are imposed on diesel as well as other fuels. Claiming a Fuel Tax Credit on diesel fuel is only available for vehicles used in farming, off-highway business use, commercial fishing boats, aviation, trains, and other government and nonprofit organizations. Publication 510 describes Excise Taxes as well as the instructions for Form 4136 Credit for Federal Tax Paid on Fuels can be downloaded from the IRS website at www.irs.gov.
Leave a Comment 295 weeks ago


Meet Leading Tax Advisors

User Photo John Stancil

Professor

Lakeland

User Photo Peter J. Scalise

Federal Tax Credits & Incentives Practice Leader

New York, NY

User Photo John Dundon, II EA

Tax Director

Denver, CO

User Photo William Rogers, CFP, MBA, EA

CEO/Certified Financial Advisor

Rancho Santa Fe, CA

User Photo Monika Miles

President

San Jose, CA

User Photo Blake Christian

Tax Partner

Long Beach/ Park City, CA

User Photo John Richardson

Lawyer

Toronto, Canada

 

View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page

INCREASE KNOWLEDGE WITH EVERY ISSUE OF TAXCONNECTIONS

 

Learn from tax advisors, straight to your inbox

Update My Email Address
Contact Us Today