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 used to claim a credit for federal tax paid on fuels.

Q: What is the purpose of Form 4136?
A: The purpose of Form 4136 is to calculate and claim a credit for the federal excise tax paid on certain fuels.

Q: What fuels are eligible for the credit?
A: Gasoline, diesel fuel, kerosene, aviation gasoline, and aviation fuel are among the fuels eligible for the credit.

Q: Who can claim the credit?
A: Businesses, farmers, and individuals who use certain fuels for specific purposes can claim the credit.

Q: How do I calculate the credit?
A: The credit is calculated based on the type of fuel, the amount used, and the rate of tax paid.

Q: When is Form 4136 due?
A: Form 4136 is due on the same date as your income tax return, typically April 15th.

Q: Can I claim the credit for fuels used in personal vehicles?
A: No, the credit can only be claimed for certain business or farm uses of the fuels.

Q: Are there any limitations or restrictions on the credit?
A: Yes, there are certain limitations and restrictions, such as a maximum credit amount and specific uses that qualify for the credit.

Q: Do I need to attach any documentation with Form 4136?
A: Yes, you need to attach the required documentation, such as fuel purchase receipts and records of fuel usage.