Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

Find tax credits for everything from school tuition to buying a hybri

3. E-File for FREE

E-file free with direct deposit to get your refund in as few as 7 days.

Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.

FREE audit support and representation from an enrolled agent – NEW and only from H&R Block

1040ez Printable Tax Forms

1040 VIrs AmendmentForma 10402011 Federal 1040ez FormFree Online State Tax PreparationTax Ez FormHow To File Amended ReturnComplete 1040x OnlineIrs 1040ez FormsIncome Tax Forms1040ez Tax Form DownloadE File State Taxes Only For FreeIrs Gov 1040ezFederal Tax Form 1040ezIrs Instructions 1040ez 2012Can I Efile My 2012 TaxesFile 2009 Taxes Free1040x Tax Amendment FormAmend 2008 Tax Return FreeEz 1040 Online1040 Ez CalculatorFile Taxes Online For FreeHttp Www Irs Gov EfileWhat Forms Do I Need To File An Amended Tax ReturnHand R Block Taxes2012 State Taxes Online FreeTurbotax Military Discount 2012How Long Do I Have To File An Amended Tax ReturnFree Online Tax Filing State And FederalDownload 2010 Tax FormsFiling State Income TaxesFile State Taxes OnlyHow Do I File 2011 Tax ReturnAmended Return Form 1040xTurbo Tax 2010 2011StatetaxformsFile My 2012 Taxes For FreeVita Tax Locations2010 Ez 1040 FormHow To Amend 2011 Tax Return Turbotax

1040ez Printable Tax Forms

1040ez printable tax forms Publication 536 - Additional Material Prev  Up  Next   Home   More Online Publications
Print - Click this link to Print this page

TEB Post-Issuance Compliance: Some Basic Concepts

Tax Exempt Bonds (TEB) focuses on providing participants in the municipal bond industry with quality service to assist issuers and conduit borrowers in understanding their tax responsibilities.  As part of that service, TEB is providing the following basic information for issuers of tax-advantaged bonds with respect to their post-issuance compliance requirements.  Issuers may use this basic information to establish due diligence practices to monitor tax compliance throughout the period that their bonds are outstanding.  However, issuers may not cite this basic information as an authoritative source.  TEB recommends that issuers review this basic information in consultation with their counsel.

Generally

Tax-advantaged bonds (tax-exempt, tax credit, and direct pay) are bonds that receive preferential tax treatment.  These bonds, issued by or on behalf of state and local governments, are subject to applicable federal tax requirements both at the time of issuance and for so long as the bonds remain outstanding.  An issuer or other party’s failure to comply with any applicable federal tax requirement with respect to tax-advantaged bonds jeopardizes the preferential tax status of those bonds.  

Compliance with certain applicable federal tax requirements normally occurs at the closing of the bond transaction, while other federal tax requirements require on-going monitoring after the issuance of the bonds.  Issuance related requirements include filing a Form 8038 series information return ( 8038, 8038-G, 8038-GC, 8038-B, or 8038-TC) and the issuer having reasonable expectations of on-going post-issuance compliance.  Additional issuance related requirements might include volume cap allocation limits and public approval of the bond issue.

Post-issuance federal tax requirements generally fall into two categories:  (1) qualified use of proceeds and financed property; and (2) arbitrage yield restriction and rebate.  Qualified use requirements require monitoring of the various direct and indirect uses of bond-financed property over the life of the bonds and calculations of the percentage of nonqualified uses.  Arbitrage requirements also require monitoring over the life of the bonds to determine whether both the yield on investments acquired with bond proceeds are properly restricted and whether the issuer must file Form 8038-T to pay a yield reduction payment and/or rebate payment.

Some federal tax requirements that are generally issuance related might require some level of post-issuance due diligence monitoring.  For example, adjustments to the determination of issue price for federal tax purposes can affect compliance with volume cap allocation, arbitrage yield restriction, and other federal tax requirements.  Similarly, some level of post-issuance monitoring may be required to determine compliance with the issuance costs limitations applicable to qualified private activity bonds.

Importance of Post-Issuance Compliance

The on-going nature of post-issuance compliance requirements applicable to tax-advantaged bonds requires issuers to actively monitor compliance throughout the entire period their bonds remain outstanding.  This due diligence will significantly improve the issuer’s ability to identify noncompliance and prevent violations from occurring, or timely correct identified violations (when prevention is not possible), to ensure the continued tax-advantaged status of the bonds. 

Written Procedures for Monitoring Compliance

Issuers should adopt written procedures, applicable to all bond issues, which go beyond reliance on tax certificates included in bond documents provided at closing.  Sole reliance on the closing bond documents may result in procedures insufficiently detailed or not incorporated into an issuer’s operations.  Written procedures should contain certain key characteristics, including making provision for:

  • Due diligence review at regular intervals;
  • Identifying the official or employee responsible for review;
  • Training of the responsible official/employee;
  • Retention of adequate records to substantiate compliance (e.g., records relating to expenditure of proceeds);
  • Procedures reasonably expected to timely identify noncompliance; and
  • Procedures ensuring that the issuer will take steps to timely correct noncompliance.

The goal of establishing and following written procedures is to identify and resolve noncompliance, on a timely basis, to preserve the preferential status of tax-advantaged bonds.  Generally, an issuer that has established and followed comprehensive written procedures to promote post-issuance compliance is less likely, than an issuer that does not have such procedures, to violate the federal tax requirements related to its bonds.

How Does the IRS Promote Post-Issuance Compliance?

TEB administers a Voluntary Closing Agreement Program (TEB VCAP) to assist issuers in resolving federal tax violations related to their bonds as described in Notice 2008-31 and IRM section 7.2.3

Generally, an issuer will receive more favorable resolution terms under TEB VCAP than for the same tax violation discovered during an examination of the bonds.  In addition, an issuer that identifies a violation in accordance with the implementation of its written post-issuance compliance procedures can generally expect to receive more favorable treatment in resolving its tax violation under TEB VCAP than if the issuer has not implemented such procedures.

TEB uses compliance check questionnaires to evaluate compliance trends and practices issuers use to monitor compliance with federal tax requirements.  For example, in May 2011 TEB initiated a questionnaire project on advance refundings.  Generally, the design of the questionnaires is to gather information from a segment of the municipal bond market.  While these questionnaires are not examinations of  specific bond issues, the data collected allows TEB to develop new voluntary compliance and education programs as well as to identify future compliance projects.

Issuers of tax-advantaged bonds are required to file a Form 8038 series information return.  All Form 8038 series returns include questions regarding whether the issuer has established written procedures to timely identify and correct violations and to ensure compliance with the arbitrage yield restriction and rebate requirements.
 
The Advisory Committee on Tax Exempt and Government Entities (ACT) issued several reports related to post-issuance compliance.  Specific ACT recommendations on post-issuance compliance procedures are included in an exhibit to its June 2007 report.

Page Last Reviewed or Updated: 08-Jan-2014

The 1040ez Printable Tax Forms

1040ez printable tax forms 14. 1040ez printable tax forms   Excise Taxes Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Fuels Used in FarmingBuyer of fuel, including undyed diesel fuel or undyed kerosene. 1040ez printable tax forms Undyed diesel fuel, undyed kerosene, and Other Fuels (including alternative fuel). 1040ez printable tax forms Custom application of fertilizer and pesticide. 1040ez printable tax forms Fuel not used for farming. 1040ez printable tax forms Dyed Diesel Fuel and Dyed Kerosene Fuels Used in Off-Highway Business Use Fuels Used for Household Purposes or Other Than as a Fuel for Propulsion Engines How To Claim a Credit or RefundCredit only. 1040ez printable tax forms Claiming a Credit Claiming a Refund Including the Credit or Refund in Income Introduction You may be eligible to claim a credit on your income tax return for the federal excise tax on certain fuels. 1040ez printable tax forms You may also be eligible to claim a quarterly refund of the fuel taxes during the year, instead of waiting to claim a credit on your income tax return. 1040ez printable tax forms Whether you can claim a credit or refund depends on whether the fuel was taxed and the purpose (nontaxable use) for which you used the fuel. 1040ez printable tax forms The nontaxable uses of fuel for which a farmer may claim a credit or refund are generally the following. 1040ez printable tax forms Use on a farm for farming purposes. 1040ez printable tax forms Off-highway business use. 1040ez printable tax forms Uses other than as a fuel in a propulsion engine, such as home use. 1040ez printable tax forms Table 14-1 presents an overview of credits and refunds that may be claimed for fuels used for the nontaxable uses listed above. 1040ez printable tax forms See Publication 510, Excise Taxes, for more information. 1040ez printable tax forms Topics - This chapter discusses: Fuels used in farming Dyed diesel fuel and dyed kerosene Fuels used in off-highway business use Fuels used for household purposes How to claim a credit or refund Including the credit or refund in income Useful Items - You may want to see: Publication 510 Excise Taxes Form (and Instructions) 720 Quarterly Federal Excise Tax Return 4136 Credit for Federal Tax Paid on Fuels 8849 Claim for Refund of Excise Taxes See chapter 16 for information about getting publications and forms. 1040ez printable tax forms Fuels Used in Farming Owners, operators, and tenants of farms and certain other persons may be eligible to claim a credit or refund of excise taxes on fuel used in the trade or business of farming, when used on a farm in the United States for farming purposes. 1040ez printable tax forms See Table 14-1 for a list of available fuel tax credits and refunds. 1040ez printable tax forms Fuel is used on a farm for farming purposes only if used in carrying on a trade or business of farming, on a farm in the United States, and for farming purposes. 1040ez printable tax forms Farm. 1040ez printable tax forms   A farm includes livestock, dairy, fish, poultry, fruit, fur-bearing animals, and truck farms, orchards, plantations, ranches, nurseries, ranges, and feed yards for finishing cattle. 1040ez printable tax forms It also includes structures such as greenhouses used primarily for raising agricultural or horticultural commodities. 1040ez printable tax forms A fish farm is an area where fish are grown or raised and not merely caught or harvested. 1040ez printable tax forms Table 14-1. 1040ez printable tax forms Fuel Tax Credits and Refunds at a Glance Use this table to see if you can take a credit or refund for a nontaxable use of the fuel listed. 1040ez printable tax forms Fuel Used On a Farm for Farming Purposes Off-Highway Business Use Household Use or Use Other Than as a Fuel1 Gasoline Credit only Credit or refund None Aviation gasoline Credit only None None Undyed diesel fuel and undyed kerosene Credit or refund Credit or refund2 Credit or refund2 Kerosene for use in aviation Credit or refund None None Dyed diesel fuel and dyed kerosene None None None Other Fuels (including alternative fuels)3 Credit or refund Credit or refund None 1For a use other than as fuel in a propulsion engine. 1040ez printable tax forms 2Applies to undyed kerosene not sold from a blocked pump or, under certain circumstances, for blending with undyed diesel fuel to be used for heating purposes. 1040ez printable tax forms See Reg. 1040ez printable tax forms 48. 1040ez printable tax forms 6427-10 (b)(1) for the definition of a blocked pump. 1040ez printable tax forms 3Other Fuels means any liquid except gas oil, fuel oil, or any product taxable under Internal Revenue Code section 4081. 1040ez printable tax forms It includes the alternative fuels: liquefied petroleum gas (LPG),“P” Series fuels, compressed natural gas (CNG), liquefied hydrogen, any liquid fuel derived from coal (including peat) through the Fischer-Tropsch process, liquid fuel derived from biomass, liquid natural gas (LNG), liquefied gas derived from biomass, and compressed gas derived from biomass. 1040ez printable tax forms Farming purposes. 1040ez printable tax forms   As the owner, tenant, or operator and the ultimate purchaser of fuel that you purchased, you use the fuel on a farm for farming purposes if you use it in any of the following ways. 1040ez printable tax forms To cultivate the soil or to raise or harvest any agricultural or horticultural commodity. 1040ez printable tax forms To raise, shear, feed, care for, train, or manage livestock, bees, poultry, fur-bearing animals, or wildlife. 1040ez printable tax forms To operate, manage, conserve, improve, or maintain your farm and its tools and equipment. 1040ez printable tax forms To handle, dry, pack, grade, or store any raw agricultural or horticultural commodity. 1040ez printable tax forms For this use to qualify, you must have produced more than half the commodity so treated during the tax year. 1040ez printable tax forms The more-than-one-half test applies separately to each commodity. 1040ez printable tax forms Commodity means a single raw product. 1040ez printable tax forms For example, apples and peaches are two separate commodities. 1040ez printable tax forms To plant, cultivate, care for, or cut trees or to prepare (other than sawing logs into lumber, chipping, or other milling) trees for market, but only if these activities are incidental to your farming operations. 1040ez printable tax forms Your tree operations are incidental only if they are minor in nature when compared to the total farming operations. 1040ez printable tax forms   If any other person, such as a neighbor or custom operator (independent contractor), performs a service for you on your farm for any of the purposes included in list items (1) or (2), above, you are considered to be the ultimate purchaser who used the fuel on a farm for farming purposes. 1040ez printable tax forms Therefore, you can still claim the credit or refund for the fuel so used. 1040ez printable tax forms However, see Custom application of fertilizer and pesticide, later. 1040ez printable tax forms If the other person performs any other services for you on your farm for purposes not included in list items (1) or (2) above, no one can claim the credit or refund for fuel used on your farm for those other services. 1040ez printable tax forms Buyer of fuel, including undyed diesel fuel or undyed kerosene. 1040ez printable tax forms   If doubt exists whether the owner, tenant, or operator of the farm bought the fuel, determine who actually bore the cost of the fuel. 1040ez printable tax forms For example, if the owner of a farm and his or her tenant equally share the cost of gasoline used on the farm, each can claim a credit for the tax on half the fuel used. 1040ez printable tax forms Undyed diesel fuel, undyed kerosene, and Other Fuels (including alternative fuel). 1040ez printable tax forms   Usually, the farmer is the only person who can make a claim for credit or refund for the tax on undyed diesel fuel, undyed kerosene, or other fuels (including alternative fuel) used for farming purposes. 1040ez printable tax forms However, see Custom application of fertilizer and pesticide, next. 1040ez printable tax forms Also see Dyed Diesel Fuel and Dyed Kerosene, later. 1040ez printable tax forms Example. 1040ez printable tax forms Farm owner Haleigh Blue hired custom operator Tyler Steele to cultivate the soil on her farm. 1040ez printable tax forms Tyler used 200 gallons of undyed diesel fuel that he purchased to perform the work on Haleigh's farm. 1040ez printable tax forms In addition, Haleigh hired contractor Lee Brown to pack and store her apple crop. 1040ez printable tax forms Lee bought 25 gallons of undyed diesel fuel to use in packing the apples. 1040ez printable tax forms Haleigh can claim the credit for the 200 gallons of undyed diesel fuel used by Tyler on her farm because it qualifies as fuel used on the farm for farming purposes. 1040ez printable tax forms No one can claim a credit for the 25 gallons used by Lee because that fuel was not used for a farming purpose included in list items (1) or (2), above. 1040ez printable tax forms In the above example, both Tyler Steele and Lee Brown could have purchased dyed (untaxed) diesel fuel for their tasks. 1040ez printable tax forms Custom application of fertilizer and pesticide. 1040ez printable tax forms   Fuel used on a farm for farming purposes includes fuel used in the application (including aerial application) of fertilizer, pesticides, or other substances. 1040ez printable tax forms Generally, the applicator is treated as having used the fuel on a farm for farming purposes. 1040ez printable tax forms For applicators using highway vehicles, only the fuel used on the farm is exempt. 1040ez printable tax forms Fuel used traveling on the highway to and from the farm is taxable. 1040ez printable tax forms Fuel used by an aerial applicator for the direct flight between the airfield and one or more farms is treated as used for a farming purpose. 1040ez printable tax forms For aviation gasoline, the aerial applicator makes the claim as the ultimate purchaser. 1040ez printable tax forms For kerosene used in aviation, the ultimate purchaser may make the claim or waive the right to make the claim to the registered ultimate vendor. 1040ez printable tax forms A sample waiver is included as Model Waiver L in the appendix of Publication 510. 1040ez printable tax forms A registered ultimate vendor is the person who sells undyed diesel fuel, undyed kerosene, or kerosene for use in aviation to the user (ultimate purchaser) of the fuel for use on a farm for farming purposes. 1040ez printable tax forms To claim a credit or refund of tax, the ultimate vendor must be registered with the Internal Revenue Service at the time the claim is made. 1040ez printable tax forms However, registered ultimate vendors cannot make claims for undyed diesel fuel and undyed kerosene sold for use on a farm for farming purposes. 1040ez printable tax forms Fuel not used for farming. 1040ez printable tax forms   You do not use fuel on a farm for farming purposes when you use it in any of the following ways. 1040ez printable tax forms Off the farm, such as on the highway or in noncommercial aviation, even if the fuel is used in transporting livestock, feed, crops, or equipment. 1040ez printable tax forms For personal use, such as lawn mowing. 1040ez printable tax forms In processing, packaging, freezing, or canning operations. 1040ez printable tax forms In processing crude gum into gum spirits of turpentine or gum resin or in processing maple sap into maple syrup or maple sugar. 1040ez printable tax forms All-terrain vehicles (ATVs). 1040ez printable tax forms   Fuel used in ATVs on a farm for farming purposes, discussed earlier, is eligible for a credit or refund of excise taxes on the fuel. 1040ez printable tax forms Fuel used in ATVs for nonfarming purposes is not eligible for a credit or refund of the taxes. 1040ez printable tax forms If ATVs are used both for farming and nonfarming purposes, only that portion of the fuel used for farming purposes is eligible for the credit or refund. 1040ez printable tax forms Dyed Diesel Fuel and Dyed Kerosene If you purchase dyed diesel fuel or dyed kerosene for a nontaxable use, you must use it only on a farm for farming purposes or for other nontaxable purposes. 1040ez printable tax forms For example, you should not use dyed diesel fuel in a truck that is used both on the farm for farming purposes and on the highway, even though the highway use is in connection with farm business. 1040ez printable tax forms Excise tax applies to the fuel used by the truck on the highways. 1040ez printable tax forms In this situation, undyed (taxed) fuel should be purchased for the truck. 1040ez printable tax forms You should keep fuel records of the use of the truck on the farm for farming purposes, and for other uses. 1040ez printable tax forms You may be eligible for a credit or refund for the excise tax on fuel used on the farm for farming purposes. 1040ez printable tax forms Penalty. 1040ez printable tax forms   A penalty is imposed on any person who knowingly uses, sells, or alters dyed diesel fuel or dyed kerosene for any purpose other than a nontaxable use. 1040ez printable tax forms The penalty is the greater of $1,000 or $10 per gallon of the dyed diesel fuel or dyed kerosene involved. 1040ez printable tax forms After the first violation, the $1,000 portion of the penalty increases depending on the number of violations. 1040ez printable tax forms For more information on this penalty, see Publication 510. 1040ez printable tax forms Fuels Used in Off-Highway Business Use You may be eligible to claim a credit or refund for the excise tax on fuel used in an off-highway business use. 1040ez printable tax forms Off-highway business use. 1040ez printable tax forms   This is any use of fuel in a trade or business or in an income-producing activity. 1040ez printable tax forms The use must not be in a highway vehicle registered or required to be registered for use on public highways. 1040ez printable tax forms Off-highway business use generally does not include any use in a recreational motorboat. 1040ez printable tax forms Examples. 1040ez printable tax forms   Off-highway business use includes the use of fuels in a trade or business in any of the following ways. 1040ez printable tax forms In stationary machines such as generators, compressors, power saws, and similar equipment; For cleaning ; and In forklift trucks, bulldozers, and earthmovers. 1040ez printable tax forms   Off-highway nonbusiness (taxable) use of fuel includes: use in minibikes, snowmobiles, power lawn mowers, chain saws, and other yard equipment. 1040ez printable tax forms For more information, see Publication 510. 1040ez printable tax forms Fuels Used for Household Purposes or Other Than as a Fuel for Propulsion Engines You may be eligible to claim a credit or refund for the excise tax on undyed diesel fuel or kerosene used for home heating, lighting, and cooking. 1040ez printable tax forms This also applies to diesel fuel and kerosene used in a home generator to produce electricity for home use. 1040ez printable tax forms Home use of a fuel does not include use in a propulsion engine and it is not considered an off-highway business use. 1040ez printable tax forms How To Claim a Credit or Refund You may be able to claim a credit or refund of the excise tax on fuels you use for nontaxable uses. 1040ez printable tax forms The basic rules for claiming credits and refunds are listed in Table 14-2 . 1040ez printable tax forms Table 14-2. 1040ez printable tax forms Claiming a Credit or Refund of Excise Taxes This table gives the basic rules for claiming a credit or refund of excise taxes on fuels used for a nontaxable use. 1040ez printable tax forms   Credit Refund Which form to use Form 4136, Credit for Federal Tax Paid on Fuels Form 8849, Claim for Refund of Excise Taxes, and Schedule 1 (Form 8849), Nontaxable Use of Fuels Type of form Annual Quarterly When to file With your income tax return By the last day of the quarter following the last quarter included in the claim Amount of tax Any amount $750 or more1 1You may carry over an amount less than $750 to the next quarter. 1040ez printable tax forms Keep at your principal place of business all records needed to enable the IRS to verify that you are the person entitled to claim a credit or refund and the amount you claimed. 1040ez printable tax forms You do not have to use any special form, but the records should establish the following information. 1040ez printable tax forms The total number of gallons bought and used during the period covered by your claim. 1040ez printable tax forms The dates of the purchases. 1040ez printable tax forms The names and addresses of suppliers and amounts bought from each during the period covered by your claim. 1040ez printable tax forms The nontaxable use for which you used the fuel. 1040ez printable tax forms The number of gallons used for each nontaxable use. 1040ez printable tax forms It is important that your records separately show the number of gallons used for each nontaxable use that qualifies as a claim. 1040ez printable tax forms For more information about recordkeeping, see Publication 583, Starting a Business and Keeping Records. 1040ez printable tax forms Credit or refund. 1040ez printable tax forms   A credit is an amount that reduces the tax on your income tax return when you file it at the end of the year. 1040ez printable tax forms If you meet certain requirements, you may claim a refund during the year instead of waiting until you file your income tax return. 1040ez printable tax forms Credit only. 1040ez printable tax forms   You can claim the following taxes only as a credit on your income tax return. 1040ez printable tax forms Tax on gasoline and aviation gasoline you used on a farm for farming purposes. 1040ez printable tax forms Tax on fuels (including undyed diesel fuel or undyed kerosene) you used for nontaxable uses if the total for the tax year is less than $750. 1040ez printable tax forms Tax on fuel you did not include in any claim for refund previously filed for any quarter of the tax year. 1040ez printable tax forms Claiming a Credit You make a claim for a fuel tax credit on Form 4136 and attach it to your income tax return. 1040ez printable tax forms Do not claim a credit for any excise tax for which you have filed a refund claim. 1040ez printable tax forms How to claim a credit. 1040ez printable tax forms   How you claim a credit depends on whether you are an individual, partnership, corporation, S corporation, trust, or farmers' cooperative association. 1040ez printable tax forms Individuals. 1040ez printable tax forms   You claim the credit on the “Credit for federal tax on fuels” line of your Form 1040. 1040ez printable tax forms If you would not otherwise have to file an income tax return, you must do so to get a fuel tax credit. 1040ez printable tax forms Partnership. 1040ez printable tax forms   Partnerships (other than electing large partnerships) claim the credit by including a statement on Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc. 1040ez printable tax forms , showing each partner's share of the number of gallons of each fuel sold or used for a nontaxable use, the type of use, and the applicable credit per gallon. 1040ez printable tax forms Each partner claims the credit on his or her income tax return for the partner's share of the fuel used by the partnership. 1040ez printable tax forms An electing large partnership can claim the credit on the “Other payments” line of Form 1065-B, U. 1040ez printable tax forms S. 1040ez printable tax forms Return of Income for Electing Large Partnerships. 1040ez printable tax forms Other entities. 1040ez printable tax forms   Corporations, S corporations, farmers' cooperative associations, and trusts make the claim on the appropriate line of their income tax return. 1040ez printable tax forms When to claim a credit. 1040ez printable tax forms   You can claim a fuel tax credit on your income tax return for the year you used the fuel. 1040ez printable tax forms You may be able to make a fuel tax claim on an amended income tax return for the year you used the fuel. 1040ez printable tax forms A claim for credit or refund of an overpayment must generally be filed within the later of: Three years from the date the original return was filed, or Two years from the date the tax was paid. 1040ez printable tax forms Claiming a Refund Generally, you may claim a refund of excise taxes on Form 8849. 1040ez printable tax forms Complete and attach to Form 8849 the appropriate Form 8849 schedule(s). 1040ez printable tax forms The instructions for Form 8849 and the separate instructions for each schedule explain the requirements for making a claim for refund. 1040ez printable tax forms If you file Form 720, you can use its Schedule C for your refund claims for the quarter. 1040ez printable tax forms See the Instructions for Form 720. 1040ez printable tax forms Do not claim a refund on Form 8849 for any amount for which you have filed or will file a claim on Form 720 or Form 4136. 1040ez printable tax forms You may file a claim for refund for any quarter of your tax year for which you can claim $750 or more. 1040ez printable tax forms This amount is the excise tax on all fuels used for a nontaxable use during that quarter or any prior quarter (for which no other claim has been filed) during the tax year. 1040ez printable tax forms If you cannot claim at least $750 at the end of a quarter, you carry the amount over to the next quarter of your tax year to determine if you can claim at least $750 for that quarter. 1040ez printable tax forms If you cannot claim at least $750 at the end of the fourth quarter of your tax year, you must claim a credit on your income tax return using Form 4136. 1040ez printable tax forms Only one claim can be filed for a quarter. 1040ez printable tax forms You cannot claim a refund for excise tax on gasoline and aviation gasoline used on a farm for farming purposes. 1040ez printable tax forms You must claim a credit on your income tax return for the tax. 1040ez printable tax forms How to file a quarterly claim. 1040ez printable tax forms   File the claim for refund by filling out Schedule 1 (Form 8849) and attaching it to Form 8849. 1040ez printable tax forms Send it to the address shown in the instructions. 1040ez printable tax forms If you file Form 720, you can use its Schedule C for your refund claims. 1040ez printable tax forms See the Instructions for Form 720. 1040ez printable tax forms When to file a quarterly claim. 1040ez printable tax forms   You must file a quarterly claim by the last day of the first quarter following the last quarter included in the claim. 1040ez printable tax forms If you do not file a timely refund claim for the fourth quarter of your tax year, you will have to claim a credit for that amount on your income tax return, as discussed earlier. 1040ez printable tax forms    In most situations, the amount claimed as a credit or refund will be less than the amount deducted as fuel tax expense because the Leaking Underground Storage Tank (LUST) tax of $0. 1040ez printable tax forms 001 per gallon is generally not subject to credit or refund. 1040ez printable tax forms Including the Credit or Refund in Income Include any credit or refund of excise taxes on fuels in your gross income if you claimed the total cost of the fuel (including the excise taxes) as an expense deduction that reduced your income tax liability. 1040ez printable tax forms Which year you include a credit or refund in gross income depends on whether you use the cash or an accrual method of accounting. 1040ez printable tax forms Cash method. 1040ez printable tax forms   If you use the cash method and file a claim for refund, include the refund amount in gross income for the tax year in which you receive the refund. 1040ez printable tax forms If you claim a credit on your income tax return, include the credit amount in gross income for the tax year in which you file Form 4136. 1040ez printable tax forms If you file an amended return and claim a credit, include the credit amount in gross income for the tax year in which you receive the credit. 1040ez printable tax forms Example. 1040ez printable tax forms Sharon Brown, a farmer who uses the cash method, filed her 2012 Form 1040 on March 3, 2013. 1040ez printable tax forms On her Schedule F, she deducted the total cost of gasoline (including $110 of excise taxes) used on the farm for farming purposes. 1040ez printable tax forms Then, on Form 4136, she claimed the $110 as a credit. 1040ez printable tax forms Sharon reports the $110 as other income on line 8b of her 2013 Schedule F. 1040ez printable tax forms Accrual method. 1040ez printable tax forms   If you use an accrual method, include the amount of credit or refund in gross income for the tax year in which you used the fuels. 1040ez printable tax forms It does not matter whether you filed for a quarterly refund or claimed the entire amount as a credit. 1040ez printable tax forms Example. 1040ez printable tax forms Patty Green, a farmer who uses the accrual method, files her 2012 Form 1040 on April 15, 2013. 1040ez printable tax forms On Schedule F, she deducts the total cost of gasoline (including $155 of excise taxes) she used on the farm for farming purposes during 2012. 1040ez printable tax forms On Form 4136, Patty claims the $155 as a credit. 1040ez printable tax forms She reports the $155 as other income on line 8b of her 2012 Schedule F. 1040ez printable tax forms Prev  Up  Next   Home   More Online Publications