Instructions for IRS Form 4136 Credit for Federal Tax Paid on Fuels

IRS Form 4136 Credit for Federal Tax Paid on Fuels

This document contains official instructions for IRS Form 4136 , Credit for Federal Tax Paid on Fuels - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 4136 is available for download through this link.

FAQ

Q: What is IRS Form 4136?
A: IRS Form 4136 is a tax form used to claim a credit for federal tax paid on certain fuels.

Q: What fuels can be claimed for the credit?
A: The credit can be claimed for gasoline, diesel fuel, kerosene, certain alternative fuels, and compressed natural gas.

Q: How do I calculate the amount of credit?
A: The credit amount is typically calculated based on the gallons of fuel purchased and the federal tax rate for that type of fuel.

Q: Who can claim the credit?
A: Individuals, businesses, and farmers who have paid federal tax on eligible fuels can claim the credit.

Q: Can I claim the credit if I use the fuel for personal use?
A: No, the credit is only available for fuel used for business, farming, or other specified purposes.

Q: When is the deadline to file Form 4136?
A: Form 4136 is typically filed with your annual tax return by the due date, which is usually April 15th.

Q: Are there any other requirements to claim the credit?
A: Yes, you must have the necessary documentation to support your claim, such as receipts for fuel purchases and records of fuel usage.