The Great Lakes Zephyr - Wind Energy & Hydrogen Journal

Updated Biodiesel Tax Incentive Forms: Updated Biodiesel Tax Incentive Claim Forms Dear Biodiesel Supporter: Memorandum To: NBB Members and Stakeholders From: Scott Hughes, Regulatory Director Date: March 4, 2005 Re: IRS Publishes Updated Biodiesel Tax Incentive Claim Forms The IRS has updated and published the first in a series of registration and claim forms associated with new federal biodiesel tax incentive. The newly updated and available form is Form 8849—Claim for Refund of Excise Tax and the accompanying schedules including Schedule C—Alcohol Fuel Mixtures and Biodiesel Mixtures. These updated documents can be found on the IRS website: http://www.irs.gov/formspubs/lists/0,,id=97817,00.html. This link will take you to the “Forms and Instructions” page of the IRS website. The complete listing of Forms is at the bottom of the page. Forms are listed by numerical number. Scroll through the list until you see the listings for “Form 8849”. The updated Form 8849 and accompanying Schedules on the listing are preceded by the number “0205”. (i.e. 0205 Form 8849 Claim for Refund of Excise Taxes; 0205 Form 8849 (Schedule C)…). Entities would generally utilize the Form 8849 and its Schedules to claim a refund for excess biodiesel excise tax mixture credits (ex. blending into dyed diesel fuel). The “Forms and Instructions” page also contains listings for the other pertinent Forms required to be used for registration of biodiesel producers and blenders, as well as making claims. Those Forms—Form 637, Form 720, Form 4136—are anticipated to be updated and published in the next few days. We will continue to monitor the site for any new developments in the release of these Forms. Scott Hughes Regulatory Director