File your Taxes for Free!
  • Get your maximum refund*
  • 100% accurate calculations guaranteed*

TurboTax Federal Free Edition - File Taxes Online

Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.


© 2012 - 2018 All rights reserved.

This is an Approved TurboTax Affiliate site. TurboTax and TurboTax Online, among other are registered trademarks and/or service marks of Intuit, Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee. E-file fees do not apply to New York state returns. Prices are subject to change without notice. E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.99 and a refund of your state purchase price paid. Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14. E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee. *We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
https://turbotax.intuit.com/corp/guarantees.jsp

Irs Tax Form 1120 For 2012

Turbotax 2012 State TaxesNeed File 2007 TaxesBankruptcy Back TaxesFill State Taxes FreeHow To File Taxes Self EmployedFile 1040x TurbotaxUnemployed Tax ReturnCan You File An Amended Tax Return OnlineFederal Income Tax Forms 20102014 Tax Forms 1040ezFile 1040 OnlineWww Irs Gov Efile 941Tax Returns For StudentsAmending A Tax Return With TurbotaxTurbo Tax Free State FilingPrintable 1040ez FormH&r Block 1040nrFree Income Tax FilingNew York State Unemployment Tax FormsBest Online Tax Software For MilitaryHow To File Taxes If You Are Self EmployedHow To File A Tax AmendmentE File State TaxAmend Tax Return For FreeMilitary Tax PreparationFreestatetaxreturnsIrs E FileH & R Block Free Tax FilingHrblockfree ComWww Onlinetaxes H&rblock ComTax Preparation For Military MembersFile 1040nr OnlineIrs 2012 Tax Forms 1040ezFederal Tax Forms 2012 1040Filing An Amended Tax Return For 20131040nr Ez 2013Free Online 1040ez FilingUs Irs E File Free1099ez2011 Tax Forms 1040ez

Irs Tax Form 1120 For 2012

Irs tax form 1120 for 2012 4. Irs tax form 1120 for 2012   Filing U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 Tax Returns Table of Contents Who Must FileFiling Requirement if Possession Income Is Excluded When To FileExtension of Time To File Where To File Special Rules for Completing Your U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 Tax ReturnU. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 Armed Forces. Irs tax form 1120 for 2012 Deductions if Possession Income Is Excluded Foreign Tax Credit if Possession Income Is Excluded Self-Employment Tax Additional Medicare Tax Net Investment Income Tax Paying Your TaxesEstimated Tax Double TaxationCompetent Authority Assistance The information in chapter 3 will tell you if a U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 income tax return is required for your situation. Irs tax form 1120 for 2012 If a U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 return is required, your next step is to see if you meet the filing requirements. Irs tax form 1120 for 2012 If you do meet the filing requirements, the information presented in this chapter will help you understand the special procedures involved. Irs tax form 1120 for 2012 This chapter discusses: Filing requirements, When to file your return, Where to send your return, How to adjust your deductions and credits if you are excluding income from American Samoa or Puerto Rico, How to make estimated tax payments and pay self-employment tax, and How to request assistance in resolving instances of double taxation. Irs tax form 1120 for 2012 Who Must File If you are not required to file a possession tax return that includes your worldwide income, you must generally file a U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 income tax return if your gross income is at least the amount shown in Table 4-1, later, for your filing status and age. Irs tax form 1120 for 2012 If you were a bona fide resident of American Samoa or Puerto Rico and are able to exclude your possession income from your U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 tax return, your filing requirement may be less than the amount in Table 4-1. Irs tax form 1120 for 2012 For details, see the information under Filing Requirement if Possession Income Is Excluded , later. Irs tax form 1120 for 2012 Some individuals (such as those who can be claimed as a dependent on another person's return or who owe certain taxes, such as self-employment tax) must file a tax return even though the gross income is less than the amount shown in Table 4-1 for their filing status and age. Irs tax form 1120 for 2012 For more information, see the Form 1040 instructions. Irs tax form 1120 for 2012 Filing Requirement if Possession Income Is Excluded If you were a bona fide resident of American Samoa or Puerto Rico and qualify to exclude possession income on your U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 tax return, you must determine your adjusted filing requirement. Irs tax form 1120 for 2012 Generally, your filing requirement is based on the total of your (and your spouse's if filing a joint return) personal exemption(s) plus your standard deduction. Irs tax form 1120 for 2012 Personal exemption. Irs tax form 1120 for 2012   When figuring your filing requirement, your personal exemption is allowed in full. Irs tax form 1120 for 2012 Do not reduce it for this purpose. Irs tax form 1120 for 2012 Do not include exemptions for your dependents. Irs tax form 1120 for 2012 Allowable standard deduction. Irs tax form 1120 for 2012   Unless your filing status is married filing separately, the minimum income level at which you must file a return is based, in part, on the standard deduction for your filing status and age. Irs tax form 1120 for 2012 Because the standard deduction applies to all types of income, it must be divided between your excluded income and income from other sources. Irs tax form 1120 for 2012 Multiply the regular standard deduction for your filing status and age (this is zero if you are married filing a separate return; all others, see Form 1040 instructions) by the following fraction:      Gross income subject to U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 income tax     Gross income from all sources (including excluded possession income)   Example. Irs tax form 1120 for 2012 Barbara Spruce, a U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 citizen, is single, under 65, and a bona fide resident of American Samoa. Irs tax form 1120 for 2012 During 2013, she received $20,000 of income from American Samoa sources (qualifies for exclusion) and $8,000 of income from sources outside the possession (subject to U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 income tax). Irs tax form 1120 for 2012 Her allowable standard deduction for 2013 is figured as follows:   $8,000 $28,000 × $6,100 (regular standard deduction) = $1,743   Adjusted filing requirement. Irs tax form 1120 for 2012   Figure your adjusted filing requirement by adding the amount of your allowable standard deduction to the amount of your personal exemption. Irs tax form 1120 for 2012 You must file a U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 income tax return if your gross income is at least the amount shown on line 3 of the following worksheet. Irs tax form 1120 for 2012    1. Irs tax form 1120 for 2012 Enter the allowable standard deduction you figured earlier under Allowable standard deduction . Irs tax form 1120 for 2012 If your filing status is married filing separately, enter -0-   2. Irs tax form 1120 for 2012 Personal exemption. Irs tax form 1120 for 2012 If your filing status is married filing jointly, enter $7,800; if someone can claim you as a dependent, enter -0-; otherwise, enter $3,900   3. Irs tax form 1120 for 2012 Add lines 1 and 2. Irs tax form 1120 for 2012 You must file a U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 income tax return if your gross income from sources outside the relevant possession is at least this amount   Table 4-1. Irs tax form 1120 for 2012 2013 Filing Requirements Chart for Most Taxpayers IF your filing status is. Irs tax form 1120 for 2012 . Irs tax form 1120 for 2012 . Irs tax form 1120 for 2012 AND at the end of 2013 you were*. Irs tax form 1120 for 2012 . Irs tax form 1120 for 2012 . Irs tax form 1120 for 2012 THEN file a return if your gross income** was at least. Irs tax form 1120 for 2012 . Irs tax form 1120 for 2012 . Irs tax form 1120 for 2012 single under 65 $10,000 65 or older $11,500 married filing jointly*** under 65 (both spouses) $20,000 65 or older (one spouse) $21,200 65 or older (both spouses) $22,400 married filing separately any age $3,900 head of household under 65 $12,850 65 or older $14,350 qualifying widow(er)  with dependent child under 65 $16,100 65 or older $17,300 * If you were born on January 1, 1949, you are considered to be age 65 at the end of 2013. Irs tax form 1120 for 2012 ** Gross income means all income you received in the form of money, goods, property, and services that is not exempt from tax, including any income from sources outside the United States (even if you can exclude part or all of it). Irs tax form 1120 for 2012 Do not include social security benefits unless (a) you are married filing a separate return and you lived with your spouse at any time during 2013, or (b) one-half of your social security benefits plus your other gross income is more than $25,000 ($32,000 if married filing jointly). Irs tax form 1120 for 2012 If (a) or (b) applies, see the instructions for Form 1040 or Publication 915, Social Security and Equivalent Railroad Retirement Benefits, to figure the taxable part of social security benefits you must include in gross income. Irs tax form 1120 for 2012 *** If you did not live with your spouse at the end of 2013 (or on the date your spouse died) and your gross income was at least $3,900 you must file a return regardless of your age. Irs tax form 1120 for 2012 Example 1. Irs tax form 1120 for 2012 James and Joan Thompson, one over 65, are U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 citizens and bona fide residents of Puerto Rico during the entire tax year. Irs tax form 1120 for 2012 They file a joint income tax return. Irs tax form 1120 for 2012 During 2013, they received $35,000 of income from Puerto Rico sources (qualifies for exclusion) and $6,000 of income from sources outside Puerto Rico (subject to U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 income tax). Irs tax form 1120 for 2012 Their allowable standard deduction for 2013 is figured as follows:   $6,000 $41,000 × $13,400 ( standard deduction for 65 or older (one spouse) ) = $1,961   The Thompsons do not have to file a U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 income tax return because their gross income subject to U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 tax ($6,000) is less than their allowable standard deduction plus their personal exemptions ($1,961+ $7,800= $9,761). Irs tax form 1120 for 2012 Example 2. Irs tax form 1120 for 2012 Barbara Spruce (see Example under Allowable standard deduction, earlier), however, must file a U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 income tax return because her gross income subject to U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 tax ($8,000) is more than her allowable standard deduction plus her personal exemption ($1,743 + $3,900 = $5,643). Irs tax form 1120 for 2012 If you must file a U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 income tax return, you may be able to file a paperless return using IRS e-file. Irs tax form 1120 for 2012 See your form instructions or visit our website at IRS. Irs tax form 1120 for 2012 gov. Irs tax form 1120 for 2012 When To File If you file on a calendar year basis, the due date for filing your U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 income tax return is April 15 following the end of your tax year. Irs tax form 1120 for 2012 If you use a fiscal year (a year ending on the last day of a month other than December), the due date is the 15th day of the 4th month after the end of your fiscal year. Irs tax form 1120 for 2012 If any due date falls on a Saturday, Sunday, or legal holiday, your tax return is due on the next business day. Irs tax form 1120 for 2012 For your 2013 tax return, the due date is April 15, 2014. Irs tax form 1120 for 2012 If you mail your federal tax return, it is considered timely if it bears an official postmark dated on or before the due date, including any extensions. Irs tax form 1120 for 2012 If you use a private delivery service designated by the IRS, generally the postmark date is the date the private delivery service records in its database or marks on the mailing label. Irs tax form 1120 for 2012 See your form instructions for a list of designated private delivery services. Irs tax form 1120 for 2012 Extension of Time To File You can get an extension of time to file your U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 income tax return. Irs tax form 1120 for 2012 Special rules apply for those living outside the United States. Irs tax form 1120 for 2012 Automatic 6-Month Extension If you cannot file your 2013 return by the due date, you can get an automatic 6-month extension of time to file. Irs tax form 1120 for 2012 Example. Irs tax form 1120 for 2012 If your return must be filed by April 15, 2014, you will have until October 15, 2014, to file. Irs tax form 1120 for 2012 Although you are not required to make a payment of the tax you estimate as due, Form 4868 does not extend the time to pay taxes. Irs tax form 1120 for 2012 If you do not pay the amount due by the regular due date (generally April 15), you will owe interest on any unpaid tax from the original due date to the date you pay the tax. Irs tax form 1120 for 2012 You may also be charged penalties (see the Instructions for Form 4868). Irs tax form 1120 for 2012 How to get the automatic extension. Irs tax form 1120 for 2012   You can get the automatic 6-month extension if you do one of the following by the due date for filing your return. Irs tax form 1120 for 2012 E-file Form 4868 using your personal computer or a tax professional. Irs tax form 1120 for 2012 E-file and pay by credit or debit card. Irs tax form 1120 for 2012 Your payment must be at least $1. Irs tax form 1120 for 2012 You may pay by phone or over the Internet. Irs tax form 1120 for 2012 Do not file Form 4868. Irs tax form 1120 for 2012 File a paper Form 4868. Irs tax form 1120 for 2012 If you are a fiscal year taxpayer, you must file a paper Form 4868. Irs tax form 1120 for 2012 See Form 4868 for information on getting an extension using these options. Irs tax form 1120 for 2012 When to file. Irs tax form 1120 for 2012   You must request the automatic extension by the due date for your return. Irs tax form 1120 for 2012 You can file your return any time before the 6-month extension period ends. Irs tax form 1120 for 2012 When you file your return. Irs tax form 1120 for 2012   Enter any payment you made related to the extension of time to file on Form 1040, line 68. Irs tax form 1120 for 2012 If you file Form 1040A, U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 Individual Income Tax Return, or Form 1040EZ, Income Tax Return for Single and Joint Filers With No Dependents, include that payment in your total payments on Form 1040A, line 41, or Form 1040EZ, line 9. Irs tax form 1120 for 2012 Also enter “Form 4868” and the amount paid in the space to the left of the entry space for line 41 or line 9. Irs tax form 1120 for 2012 You cannot ask the Internal Revenue Service to figure your tax if you use the extension of time to file. Irs tax form 1120 for 2012 Individuals Outside the United States and Puerto Rico You are allowed an automatic 2-month extension (until June 16, 2014, if you use the calendar year) to file your 2013 return and pay any federal income tax due if: You are a U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 citizen or resident, and On the due date of your return: You are living outside of the United States and Puerto Rico, and your main place of business or post of duty is outside the United States and Puerto Rico, or You are in military or naval service on duty outside the United States and Puerto Rico. Irs tax form 1120 for 2012 However, if you pay the tax due after the regular due date (generally April 15), interest will be charged from April 15 until the date the tax is paid. Irs tax form 1120 for 2012 If you serve in a combat zone or qualified hazardous duty area, you may be eligible for a longer extension of time to file. Irs tax form 1120 for 2012 For more information, see Publication 3, Armed Forces' Tax Guide. Irs tax form 1120 for 2012 Married taxpayers. Irs tax form 1120 for 2012   If you file a joint return, only one spouse has to qualify for this automatic extension. Irs tax form 1120 for 2012 However, if you and your spouse file separate returns, this automatic extension applies only to the spouse who qualifies. Irs tax form 1120 for 2012 How to get the extension. Irs tax form 1120 for 2012   To use this special automatic extension, you must attach a statement to your return explaining what situation qualified you for the extension. Irs tax form 1120 for 2012 (See the situations listed under (2), earlier. Irs tax form 1120 for 2012 ) Extension beyond 2 months. Irs tax form 1120 for 2012   If you cannot file your 2013 return within the automatic 2-month extension period, you can get an additional 4-month extension, for a total of 6 months. Irs tax form 1120 for 2012 File Form 4868 by the end of the automatic extension period (June 16, 2014 for calendar year taxpayers). Irs tax form 1120 for 2012 Be sure to check the box on Form 4868, line 8, if appropriate. Irs tax form 1120 for 2012   In addition to this 6-month extension, taxpayers who are out of the country (as defined under (2) earlier) can request a discretionary 2-month additional extension of time to file their returns (to December 15 for calendar year taxpayers). Irs tax form 1120 for 2012   To request this extension, you must send the IRS a letter explaining the reasons why you need the additional 2 months. Irs tax form 1120 for 2012 Send the letter by the extended due date (October 15 for calendar year taxpayers) to:  Department of the Treasury Internal Revenue Service Austin, TX 73301-0215 USA   You will not receive any notification from the IRS unless your request is denied for being untimely. Irs tax form 1120 for 2012 Where To File Use the addresses listed below if you have to file Form 1040 with the United States and you are excluding possession income from American Samoa or Puerto Rico. Irs tax form 1120 for 2012 If you are not including a check or a money order, send your U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 tax return and all attachments to:   Department of the Treasury Internal Revenue Service Austin, TX 73301-0215 USA If you are including a check or a money order, send your U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 tax return and all attachments to:  Internal Revenue Service P. Irs tax form 1120 for 2012 O. Irs tax form 1120 for 2012 Box 1303 Charlotte, NC 28201-1303 USA Also send your U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 return to these addresses if you are attaching Form 5074 or Form 8689. Irs tax form 1120 for 2012 If you are not in either of the above categories, send your return to the address shown in the Form 1040 instructions for the possession or state in which you reside. Irs tax form 1120 for 2012 Special Rules for Completing Your U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 Tax Return If you are not excluding possession income from your U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 tax return, follow the instructions for the specific forms you file. Irs tax form 1120 for 2012 However, you may not qualify to claim the earned income credit (EIC). Irs tax form 1120 for 2012 Earned income credit. Irs tax form 1120 for 2012   Even if you maintain a household in one of the possessions discussed in this publication that is your main home and the home of your qualifying child, you cannot claim the earned income credit on your U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 tax return. Irs tax form 1120 for 2012 This credit is available only if you maintain the household in the United States or you are serving on extended active duty in the U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 Armed Forces. Irs tax form 1120 for 2012 U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 Armed Forces. Irs tax form 1120 for 2012   U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 military personnel stationed outside the United States on extended active duty are considered to live in the United States during that duty period for purposes of the EIC. Irs tax form 1120 for 2012 Extended active duty means you are called or ordered to duty for an indefinite period or for a period of more than 90 days. Irs tax form 1120 for 2012 Once you begin serving your extended active duty, you are still considered to have been on extended active duty even if you do not serve more than 90 days. Irs tax form 1120 for 2012 Income from American Samoa or Puerto Rico excluded. Irs tax form 1120 for 2012   You will not be allowed to take deductions and credits that apply to the excluded income. Irs tax form 1120 for 2012 The additional information you need follows. Irs tax form 1120 for 2012 Deductions if Possession Income Is Excluded Deductions that specifically apply to your excluded possession income, such as employee business expenses, are not allowable on your U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 income tax return. Irs tax form 1120 for 2012 Deductions that do not specifically apply to any particular type of income must be divided between your excluded income from sources in the relevant possession and income from all other sources to find the part that you can deduct on your U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 tax return. Irs tax form 1120 for 2012 Examples of such deductions are alimony payments, the standard deduction, and certain itemized deductions (such as medical expenses, charitable contributions, real estate taxes, and mortgage interest on your home). Irs tax form 1120 for 2012 Figuring the deduction. Irs tax form 1120 for 2012   To find the part of a deduction that is allowable, multiply the deduction by the following fraction. Irs tax form 1120 for 2012   Gross income subject to U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 income tax     Gross income from all sources (including excluded possession income)   Adjustments to Income Your adjusted gross income equals your gross income minus certain deductions (adjustments). Irs tax form 1120 for 2012 Moving expense deduction. Irs tax form 1120 for 2012   Generally, expenses of a move to a possession are directly attributable to wages, salaries, and other earned income from that possession. Irs tax form 1120 for 2012 Likewise, the expenses of a move back to the United States are generally attributable to U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 earned income. Irs tax form 1120 for 2012   If you are claiming expenses for a move to a relevant possession, how and where you will deduct the expenses depends on your status as a bona fide resident and if any of your possession income is excluded on your U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 tax return. Irs tax form 1120 for 2012 For more information, see Moving expense deduction in chapter 3 under the name of the relevant possession. Irs tax form 1120 for 2012   If you are claiming expenses for a move from a U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 possession to the United States, use Form 3903 to figure your deductible expenses and enter the amount on Form 1040, line 26. Irs tax form 1120 for 2012 For purposes of deducting moving expenses, the possessions are considered part of the United States. Irs tax form 1120 for 2012 See Publication 521, Moving Expenses, for information about what expenses are deductible. Irs tax form 1120 for 2012 Self-employment tax deduction. Irs tax form 1120 for 2012   Generally, if you are reporting self-employment income on your U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 return, you can include the deductible part of your self-employment tax on Form 1040, line 27. Irs tax form 1120 for 2012 This is an income tax deduction only; it is not a deduction in figuring net earnings from self-employment (for self-employment tax). Irs tax form 1120 for 2012   However, if you are a bona fide resident of American Samoa or Puerto Rico and you exclude all of your self-employment income from gross income, you cannot take the deduction on Form 1040, line 27, because the deduction is related to excluded income. Irs tax form 1120 for 2012   If only part of your self-employment income is excluded, the part of the deduction that is based on the nonexcluded income is allowed. Irs tax form 1120 for 2012 This would happen if, for instance, you have two businesses and only the income from one of them is excludable. Irs tax form 1120 for 2012   For purposes of the deduction only, figure the self-employment tax on the nonexcluded income by multiplying your total self-employment tax (from Schedule SE (Form 1040)), Self-Employment Tax) by the following fraction. Irs tax form 1120 for 2012   Self-employment income subject to U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 income tax     Total self-employment income (including excluded possession income)   The result is your self-employment tax on nonexcluded income. Irs tax form 1120 for 2012 Include the deductible part of this amount on Form 1040, line 27. Irs tax form 1120 for 2012 Individual retirement arrangement (IRA) deduction. Irs tax form 1120 for 2012   Do not take excluded income into account when figuring your deductible IRA contribution. Irs tax form 1120 for 2012 Standard Deduction The standard deduction is composed of the regular standard deduction amount and the additional standard deduction for taxpayers who are blind or age 65 or over. Irs tax form 1120 for 2012 To find the amount you can claim on Form 1040, line 40, first figure your full standard deduction according to the Instructions for Form 1040. Irs tax form 1120 for 2012 Then multiply your full standard deduction by the following fraction. Irs tax form 1120 for 2012   Gross income subject to U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 income tax     Gross income from all sources (including excluded possession income)   In the space above line 40, enter “Standard deduction modified due to income excluded under section 931 (if American Samoa) or section 933 (if Puerto Rico). Irs tax form 1120 for 2012 ” This calculation may not be the same as the one you used to determine if you need to file a U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 tax return. Irs tax form 1120 for 2012 Itemized Deductions Most itemized deductions do not apply to a particular type of income. Irs tax form 1120 for 2012 However, itemized deductions can be divided into three categories. Irs tax form 1120 for 2012 Those that apply specifically to excluded income, such as employee business expenses, are not deductible. Irs tax form 1120 for 2012 Those that apply specifically to income subject to U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 income tax, which might also be employee business expenses, are fully allowable under the Instructions for Schedule A (Form 1040), Itemized Deductions. Irs tax form 1120 for 2012 Those that do not apply to specific income must be allocated between your gross income subject to U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 income tax and your total gross income from all sources. Irs tax form 1120 for 2012 The example given later shows how to figure the deductible part of each type of expense that is not related to specific income. Irs tax form 1120 for 2012 Example. Irs tax form 1120 for 2012 In 2013, you and your spouse are both under 65 and U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 citizens who are bona fide residents of Puerto Rico during the entire tax year. Irs tax form 1120 for 2012 You file a joint income tax return. Irs tax form 1120 for 2012 During 2013, you earned $20,000 from Puerto Rican sources (excluded from U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 gross income) and your spouse earned $60,000 from the U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 Government. Irs tax form 1120 for 2012 You have $16,000 of itemized deductions that do not apply to any specific type of income. Irs tax form 1120 for 2012 These are medical expenses of $4,000, real estate taxes of $5,000, home mortgage interest of $6,000, and charitable contributions of $1,000 (cash contributions). Irs tax form 1120 for 2012 You determine the amount of each deduction that you can claim on your Schedule A (Form 1040), Itemized Deductions, by multiplying the deduction by the fraction shown under Figuring the deduction , earlier under Deductions if Possession Income is Excluded. Irs tax form 1120 for 2012   Medical Expenses   $60,000$80,000 × $4,000 = $3,000  (enter on line 1  of Schedule A)     Real Estate Taxes   $60,000$80,000 × $5,000 = $3,750  (enter on line 6  of Schedule A)     Home Mortgage Interest   $60,000$80,000 × $6,000 = $4,500  (enter on line 10 or 11 of  Schedule A)     Charitable Contributions (cash contributions)   $60,000$80,000 × $1,000 = $750  (enter on line 16 of Schedule A)   Enter on Schedule A (Form 1040) only the allowable portion of each deduction. Irs tax form 1120 for 2012 Overall limitation on itemized deductions. Irs tax form 1120 for 2012   If your adjusted gross income (discussed earlier) is over $300,000 if married filing jointly or qualifying widow(er); $275,000 if head of household; $250,000 if single; or $150,000 if married filing separately; see the Itemized Deductions Worksheet in the Instructions for Schedule A (Form 1040), to figure your itemized deductions. Irs tax form 1120 for 2012 Personal Exemptions Personal exemptions are allowed in full even if excluding possession income. Irs tax form 1120 for 2012 However, depending upon your adjusted gross income and filing status, the amount you can deduct may be reduced. Irs tax form 1120 for 2012 See the Deduction for Exemptions Worksheet—Line 42 in the instructions for Form 1040. Irs tax form 1120 for 2012 Foreign Tax Credit if Possession Income Is Excluded If you must report American Samoa or Puerto Rico source income on your U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 tax return, you can claim a foreign tax credit for income taxes paid to the possession on that income. Irs tax form 1120 for 2012 However, you cannot claim a foreign tax credit for taxes paid on possession income that is excluded on your U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 tax return. Irs tax form 1120 for 2012 The foreign tax credit is generally figured on Form 1116. Irs tax form 1120 for 2012 If you have income, such as U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 Government wages, that is not excludable, and you also have possession source income that is excludable, you must figure the credit by reducing your foreign taxes paid or accrued by the taxes based on the excluded income. Irs tax form 1120 for 2012 You make this reduction for each separate income category. Irs tax form 1120 for 2012 To find the amount of this reduction, use the following formula for each income category. Irs tax form 1120 for 2012 Excluded income from possession sources less deductible expenses based on that income x Tax paid or accrued to the possession = Reduction in foreign taxes Total income subject to possession tax less deductible expenses based on that income Enter the amount of the reduction on Form 1116, line 12. Irs tax form 1120 for 2012 For more information on the foreign tax credit, see Publication 514. Irs tax form 1120 for 2012 Example. Irs tax form 1120 for 2012 Jason and Lynn Reddy are U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 citizens who were bona fide residents of Puerto Rico during all of 2013. Irs tax form 1120 for 2012 They file a joint tax return. Irs tax form 1120 for 2012 The following table shows their excludable and taxable income for U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 federal income tax purposes. Irs tax form 1120 for 2012   Taxable   Excludable Jason's wages from  U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 Government $25,000     Lynn's wages from Puerto Rico  corp. Irs tax form 1120 for 2012     $15,000 Dividend from Puerto Rico corp. Irs tax form 1120 for 2012 doing business in Puerto Rico     200 Dividend from U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012  corp. Irs tax form 1120 for 2012 doing business  in U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 * 1,000     Totals $26,000   $15,200 * Income from sources outside Puerto Rico is taxable. Irs tax form 1120 for 2012   Jason and Lynn must file 2013 income tax returns with both Puerto Rico and the United States. Irs tax form 1120 for 2012 They have gross income of $26,000 for U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 tax purposes. Irs tax form 1120 for 2012 They paid taxes to Puerto Rico of $4,000 ($3,980 on their wages and $20 on the dividend from the Puerto Rico corporation). Irs tax form 1120 for 2012 They figure their foreign tax credit on two Forms 1116, which they must attach to their U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 return. Irs tax form 1120 for 2012 They fill out one Form 1116 for wages and one Form 1116 for the dividend. Irs tax form 1120 for 2012 Jason and Lynn figure the Puerto Rico taxes on excluded income as follows. Irs tax form 1120 for 2012   Wages: ($15,000 ÷ $40,000) × $3,980 = $1,493   Dividend: ($200 ÷ $200) × $20 = $20 They enter $1,493 on Form 1116, line 12, for wages and $20 on the second Form 1116, line 12, for the dividend. Irs tax form 1120 for 2012 Self-Employment Tax Self-employment tax includes both social security and Medicare taxes for individuals who are self-employed. Irs tax form 1120 for 2012 A U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 citizen or resident alien who is self-employed must pay self-employment tax on net self-employment earnings of $400 or more. Irs tax form 1120 for 2012 This rule applies whether or not the earnings are excludable from gross income (or whether or not a U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 income tax return must otherwise be filed). Irs tax form 1120 for 2012 Bona fide residents of the possessions discussed in this publication are considered U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 residents for this purpose and are subject to the self-employment tax. Irs tax form 1120 for 2012 Forms to file. Irs tax form 1120 for 2012   If you have net self-employment income and are subject to self-employment tax, file one of the following with the United States. Irs tax form 1120 for 2012 If you are required to file Form 1040 with the United States, complete Schedule SE (Form 1040) and attach it to your Form 1040. Irs tax form 1120 for 2012 If you are not required to file Form 1040 with the United States and you are a bona fide resident of American Samoa, the CNMI, Guam, Puerto Rico, or the USVI, file Form 1040-SS. Irs tax form 1120 for 2012 If you are a resident of Puerto Rico, you can file the Spanish-language Form 1040-PR instead. Irs tax form 1120 for 2012 Do not file forms 1040-SS or 1040-PR with Form 1040. Irs tax form 1120 for 2012 If you are required to pay Additional Medicare Tax (discussed later) on your self-employment income, attach Form 8959, Additional Medicare Tax to Form 1040, Form 1040-SS, or Form 1040-PR, as applicable. Irs tax form 1120 for 2012 Chapter 11 Bankruptcy cases. Irs tax form 1120 for 2012   While you are a debtor in a chapter 11 bankruptcy case, your net profit or loss from self-employment will be included on the income tax return (Form 1041, U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 Income Tax Return for Estates and Trusts) of the bankruptcy estate. Irs tax form 1120 for 2012 However, you—not the bankruptcy estate—are responsible for paying self-employment tax on your net earnings from self-employment. Irs tax form 1120 for 2012   Use Schedule SE (Form 1040), Form 1040-SS, or Form 1040-PR, as determined above, to figure your correct amount of self-employment tax. Irs tax form 1120 for 2012   For other reporting requirements, see Chapter 11 Bankruptcy Cases in the Instructions for Form 1040. Irs tax form 1120 for 2012 Additional Medicare Tax Beginning in 2013, a 0. Irs tax form 1120 for 2012 9% Additional Medicare Tax applies to Medicare wages, railroad retirement (RRTA) compensation, and self-employment income that are more than: $125,000 if married filing separately, $250,000 if married filing jointly, or $200,000 if single, head of household, or qualifying widow(er). Irs tax form 1120 for 2012 Medicare wages and self-employment income are combined to determine if income exceeds the threshold. Irs tax form 1120 for 2012 A self-employment loss should not be considered for purposes of this tax. Irs tax form 1120 for 2012 RRTA compensation should be separately compared to the threshold. Irs tax form 1120 for 2012 Your employer is responsible for withholding the 0. Irs tax form 1120 for 2012 9% Additional Medicare Tax on Medicare wages or RRTA compensation it pays to you in excess of $200,000. Irs tax form 1120 for 2012 You should consider this withholding, if applicable, in determining whether you need to make estimated tax payments. Irs tax form 1120 for 2012 There are no special rules for U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 citizens and nonresident aliens living abroad for purposes of this provision. Irs tax form 1120 for 2012 Wages, RRTA compensation, and self-employment income that are subject to Medicare tax will also be subject to Additional Medicare Tax if in excess of the applicable threshold. Irs tax form 1120 for 2012 For more information, see Form 8959, Additional Medicare Tax, and its instructions or visit www. Irs tax form 1120 for 2012 irs. Irs tax form 1120 for 2012 gov and enter the following words in the search box: Additional Medicare Tax. Irs tax form 1120 for 2012 You cannot include the Additional Medicare Tax as a deductible part of your self-employment tax. Irs tax form 1120 for 2012 Net Investment Income Tax Beginning in 2013, the Net Investment Income Tax (NIIT) imposes a 3. Irs tax form 1120 for 2012 8% tax on the lesser of an individual’s net investment income or the excess of the individual’s modified adjusted gross income over a specified threshold amount. Irs tax form 1120 for 2012 Bona fide residents of Puerto Rico and American Samoa who may have a federal income tax return filing obligation may be liable for the NIIT if the taxpayer’s modified adjusted gross income from non-territory sources exceeds a specified threshold amount. Irs tax form 1120 for 2012 The NIIT does not apply to any individual who is a nonresident alien with respect to the United States. Irs tax form 1120 for 2012 Bona fide residents must take into account any additional tax liability associated with the NIIT when calculating your estimated tax payments. Irs tax form 1120 for 2012 Forms to file. Irs tax form 1120 for 2012   If you are a bona fide resident of American Samoa and Puerto Rico and you are required to pay the NIIT, you must file Form 1040 with the United States and attach Form 8960, Net Investment Income Tax—Individuals, Estates, and Trusts. Irs tax form 1120 for 2012 For more information, see Form 8960 and its instructions. Irs tax form 1120 for 2012 Paying Your Taxes You may find that not all of your income tax has been paid through withholding by either the United States or the possession. Irs tax form 1120 for 2012 This is often true if you have income that is not subject to withholding, such as self-employment, interest, or rental income. Irs tax form 1120 for 2012 In this situation, you may need to make estimated tax payments. Irs tax form 1120 for 2012 Estimated Tax If your estimated income tax obligation is to the United States, use the worksheet in the Form 1040-ES package to figure your estimated tax, including self-employment tax. Irs tax form 1120 for 2012 Include the Additional Medicare Tax and Net Investment Income Tax if applicable. Irs tax form 1120 for 2012 If you are paying by check or money order, use the payment vouchers in the Form 1040-ES package. Irs tax form 1120 for 2012 Or, you can make your payments electronically and not have to file any paper forms. Irs tax form 1120 for 2012 See the Form 1040-ES instructions for information on making payments. Irs tax form 1120 for 2012 Double Taxation Mutual agreement procedures exist to settle issues where there is inconsistent tax treatment between the IRS and the taxing authorities of the following possessions. Irs tax form 1120 for 2012 American Samoa. Irs tax form 1120 for 2012 The Commonwealth of Puerto Rico. Irs tax form 1120 for 2012 The Commonwealth of the Northern Mariana Islands. Irs tax form 1120 for 2012 Guam. Irs tax form 1120 for 2012 The U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 Virgin Islands. Irs tax form 1120 for 2012 These issues usually involve allocations of income, deductions, credits, or allowances between related persons; determinations of residency; and determinations of the source of income and related expenses. Irs tax form 1120 for 2012 Competent Authority Assistance The tax coordination agreements between the United States and the possession tax departments contain provisions allowing the competent authorities of the United States and the relevant possession to resolve, by mutual agreement, inconsistent tax treatment by the two jurisdictions. Irs tax form 1120 for 2012 How to make your request. Irs tax form 1120 for 2012   Your request for competent authority assistance must include all the information listed in Revenue Procedure 2006-23, 2006-20 I. Irs tax form 1120 for 2012 R. Irs tax form 1120 for 2012 B. Irs tax form 1120 for 2012 900 available at www. Irs tax form 1120 for 2012 irs. Irs tax form 1120 for 2012 gov/pub/irs-irbs/irb06-49. Irs tax form 1120 for 2012 pdf. Irs tax form 1120 for 2012    Also, see Notice 2013-78, which provides proposed updates to the procedures for requesting U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 competent authority assistance under tax treaties. Irs tax form 1120 for 2012 As noted, an update to Revenue Procedure 2006-23 will be published in the future. Irs tax form 1120 for 2012   Your request must be in the form of a letter addressed to the Deputy Commissioner (International) LB&I. Irs tax form 1120 for 2012 It must contain a statement that competent authority assistance is requested under the mutual agreement procedure with the possession. Irs tax form 1120 for 2012 You (or a person having authority to sign your federal return) must sign and date the request. Irs tax form 1120 for 2012    Send your written request for U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 assistance under this procedure to:   Deputy Commissioner (International) Large Business and International Division Internal Revenue Service 1111 Constitution Avenue, N. Irs tax form 1120 for 2012 W. Irs tax form 1120 for 2012  Routing: M4-365 Washington, DC 20224 (Attention: TAIT) Nonresident aliens generally must present their initial request for assistance to the relevant possession tax agency. Irs tax form 1120 for 2012 Credit or Refund In addition to the tax assistance request, if you seek a credit or refund of any overpayment of U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 tax paid on the income in question, you should file a claim on Form 1040X, Amended U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 Individual Income Tax Return. Irs tax form 1120 for 2012 Indicate on the form that a request for assistance under the mutual agreement procedure with the possession has been filed. Irs tax form 1120 for 2012 Attach a copy of the request to the form. Irs tax form 1120 for 2012 Also, you should take whatever steps must be taken under the possession tax code to prevent the expiration of the statutory period for filing a claim for credit or refund of a possession tax. Irs tax form 1120 for 2012 See Revenue Procedure 2006-54 (or its successor), section 9, for complete information. Irs tax form 1120 for 2012 Prev  Up  Next   Home   More Online Publications
Español

Multifamily Housing Office

The Multifamily Housing Office administers the Department of Housing and Urban Development's multifamily housing programs through a network of local offices across the country.

Contact the Agency or Department

Website: Multifamily Housing Office

Phone Number: (202) 708-1112 (Housing and Urban Development)

TTY: (202) 708-1455 (Housing and Urban Development)

The Irs Tax Form 1120 For 2012

Irs tax form 1120 for 2012 2. Irs tax form 1120 for 2012   Fuel Tax Credits and Refunds Table of Contents Gasoline and Aviation Gasoline Undyed Diesel Fuel and Undyed Kerosene (Other Than Kerosene Used in Aviation)Sales by Registered Ultimate Vendors Diesel-Water Fuel Emulsion Kerosene for Use in AviationSales by Registered Ultimate Vendors Other Fuels (Including Alternative Fuels) Refunds of Second TaxOptional reporting. Irs tax form 1120 for 2012 Providing information. Irs tax form 1120 for 2012 Definitions of Nontaxable UsesCustom application of fertilizer and pesticide. Irs tax form 1120 for 2012 Fuel used between airfield and farm. Irs tax form 1120 for 2012 Fuel not used for farming. Irs tax form 1120 for 2012 Vehicles not considered highway vehicles. Irs tax form 1120 for 2012 Biodiesel or Renewable Diesel Mixture Credit, Alternative Fuel Credit, and Alternative Fuel Mixture CreditHow to Claim the Credit Filing Claims Claiming A Refund Claiming a Credit on Form 4136 Including the Credit or Refund in Income Federal excise taxes are imposed on certain fuels as discussed in chapter 1. Irs tax form 1120 for 2012 This chapter lists the nontaxable uses of each fuel and defines the nontaxable uses. Irs tax form 1120 for 2012 Information on the refund of second tax is included. Irs tax form 1120 for 2012 This chapter also explains credits and refunds for the biodiesel or renewable diesel mixture credits, and the alternative fuel mixture and alternative fuel credits. Irs tax form 1120 for 2012 Information on how to make a claim for credit or refund is included in this chapter and in the instructions for: Form 720, Form 4136, and Form 8849. Irs tax form 1120 for 2012 Exported taxable fuel. Irs tax form 1120 for 2012   The claim rates for exported taxable fuel are listed on Schedule C (Form 720), Schedule 1 (Form 8849), and Form 4136. Irs tax form 1120 for 2012 Taxpayers making a claim for exported taxable fuel must include with their records proof of exportation. Irs tax form 1120 for 2012 Proof of exportation includes: A copy of the export bill of lading issued by the delivering carrier, A certificate by the agent or representative of the export carrier showing actual exportation of the fuel, A certificate of lading signed by a customs officer of the foreign country to which the fuel is exported, or A statement of the foreign consignee showing receipt of the fuel. Irs tax form 1120 for 2012 Gasoline and Aviation Gasoline Ultimate Purchasers. Irs tax form 1120 for 2012   The following are the uses of gasoline (defined earlier) for which a credit or refund may be allowable to an ultimate purchaser. Irs tax form 1120 for 2012 On a farm for farming purposes (credit only). Irs tax form 1120 for 2012 Off-highway business use. Irs tax form 1120 for 2012 Export. Irs tax form 1120 for 2012 In a boat engaged in commercial fishing. Irs tax form 1120 for 2012 In certain intercity and local buses. Irs tax form 1120 for 2012 In a school bus. Irs tax form 1120 for 2012 Exclusive use by a qualified blood collector organization. Irs tax form 1120 for 2012 In a highway vehicle owned by the United States that is not used on a highway. Irs tax form 1120 for 2012 Exclusive use by a nonprofit educational organization (see Sales by registered ultimate vendors and Credit Card Purchases, later). Irs tax form 1120 for 2012 Exclusive use by a state, political subdivision of a state, or the District of Columbia (see Sales by registered ultimate vendors and Credit Card Purchases, later). Irs tax form 1120 for 2012 In an aircraft or vehicle owned by an aircraft museum. Irs tax form 1120 for 2012   The following are the uses of aviation gasoline for which a credit or refund may be allowable to an ultimate purchaser. Irs tax form 1120 for 2012 On a farm for farming purposes (credit only). Irs tax form 1120 for 2012 Export. Irs tax form 1120 for 2012 In foreign trade. Irs tax form 1120 for 2012 Certain helicopter and fixed-wing air ambulance uses. Irs tax form 1120 for 2012 In commercial aviation (other than foreign trade). Irs tax form 1120 for 2012 Exclusive use by a qualified blood collector organization. Irs tax form 1120 for 2012 Exclusive use by a nonprofit education organization (see Sales by registered ultimate vendors and Credit card purchases, later). Irs tax form 1120 for 2012 Exclusive use by a state, political subdivision of a state, or the District of Columbia (see Sales by registered ultimate vendors and Credit and purchases, later). Irs tax form 1120 for 2012 In an aircraft owned by an aircraft museum. Irs tax form 1120 for 2012 In military aircraft. Irs tax form 1120 for 2012 Claims by persons who paid the tax to the government. Irs tax form 1120 for 2012   Except for sales to nonprofit educational organizations and states and local governments, a credit or refund is allowable to the person that paid the tax to the government if the gasoline was sold to the ultimate purchaser (including an exporter) by either that person or by a retailer and the fuel was exported; used or sold for use as supplies for vessels or aircraft, including military aircraft, commercial fishing, and foreign trade; sold to a qualified blood collector organization; or used or sold for use in the production of Other Fuels. Irs tax form 1120 for 2012 See Filing Claims, later. Irs tax form 1120 for 2012 Sales by registered ultimate vendors. Irs tax form 1120 for 2012   This is an ultimate vendor that sells gasoline or aviation gasoline to any of the following and that is purchased without the use of a credit card. Irs tax form 1120 for 2012 A state or local government for its exclusive use (including essential government use by an Indian tribal government). Irs tax form 1120 for 2012 A nonprofit educational organization for its exclusive use. Irs tax form 1120 for 2012   The registered ultimate vendor may make the claim if the ultimate purchaser did not use a credit card and waives its right to the credit or refund by providing the registered ultimate vendor with a certificate. Irs tax form 1120 for 2012 A sample certificate is included as Model Certificate M in the Appendix. Irs tax form 1120 for 2012 The registered ultimate vendor must have the certificate at the time the credit or refund is claimed. Irs tax form 1120 for 2012   The ultimate vendor must be registered by the IRS. Irs tax form 1120 for 2012 See Registration Requirements, earlier. Irs tax form 1120 for 2012 Credit card purchases. Irs tax form 1120 for 2012   If gasoline and aviation gasoline are purchased with a credit card issued to a state or local government for its exclusive use (including essential government use by an Indian tribal government), or a nonprofit educational organization for its exclusive use, the person who extended credit to the ultimate purchaser (the credit card issuer) is treated as the person that paid the tax and makes the claim if the credit card issuer: Is registered by the IRS, Has established that the amount of tax has not been collected from the person who purchased the gasoline or has obtained written consent from the ultimate purchaser to the allowance of the credit or refund, and Has repaid or agreed to repay the amount of the tax to the ultimate vendor, has obtained the written consent of the ultimate vendor to the allowance of the credit or refund, or has made arrangements that provide the ultimate vendor with reimbursement of the tax. Irs tax form 1120 for 2012   If the requirements above are not met by the credit card issuer, the credit card issuer must collect the tax from the ultimate purchaser and only the ultimate purchaser may make the claim. Irs tax form 1120 for 2012 How to make the claim. Irs tax form 1120 for 2012   If the claim is made by the credit card issuer, see Schedule C  (Form 720) or Schedule 8 (Form 8849). Irs tax form 1120 for 2012 Undyed Diesel Fuel and Undyed Kerosene (Other Than Kerosene Used in Aviation) For conditions to an allowance of a credit or refund on exported dyed diesel fuel and dyed kerosene, see Exported taxable fuel, earlier. Irs tax form 1120 for 2012 Ultimate purchasers. Irs tax form 1120 for 2012   The following are nontaxable uses of diesel fuel and kerosene (defined earlier) for which a credit or refund may be allowable to an ultimate purchaser. Irs tax form 1120 for 2012 On a farm for farming purposes. Irs tax form 1120 for 2012 Off-highway business use. Irs tax form 1120 for 2012 Export. Irs tax form 1120 for 2012 In a qualified local bus. Irs tax form 1120 for 2012 In a school bus. Irs tax form 1120 for 2012 Other than as a fuel in a propulsion engine of a diesel-powered highway vehicle (such as home heating oil). Irs tax form 1120 for 2012 Exclusive use by a qualified blood collector organization. Irs tax form 1120 for 2012 In a highway vehicle owned by the United States that is not used on a highway. Irs tax form 1120 for 2012 Exclusive use by a nonprofit educational organization (see Sales by Registered Ultimate Vendors and Credit Card Purchases, later). Irs tax form 1120 for 2012 Exclusive use by a state, political subdivision of a state, or the District of Columbia (see Sales by Registered Ultimate Vendors and Credit Card Purchases, later). Irs tax form 1120 for 2012 In a vehicle owned by an aircraft museum. Irs tax form 1120 for 2012 As a fuel in a propulsion engine of a diesel-powered train. Irs tax form 1120 for 2012 Sales by Registered Ultimate Vendors The following are the sales for which a credit or refund may be allowable to the registered ultimate vendor only. Irs tax form 1120 for 2012 Undyed diesel fuel or undyed kerosene sold for the exclusive use by a state or local government (if credit card rules (defined later) do not apply), Undyed kerosene sold from a blocked pump (defined below), or Undyed diesel fuel or undyed kerosene used in certain intercity and local buses, only if the ultimate purchaser waives its right to the credit or refund by providing the registered ultimate vendor with a waiver. Irs tax form 1120 for 2012 Registered ultimate vendor (state use). Irs tax form 1120 for 2012   This is a person that sells undyed diesel fuel or undyed kerosene to a state or local government for its exclusive use (including essential government use by an Indian tribal government). Irs tax form 1120 for 2012 The diesel fuel or kerosene must be purchased by the state without the use of a credit card, issued to the state by the credit card issuer, in order for the ultimate vendor to make the claim. Irs tax form 1120 for 2012 The ultimate vendor must be registered by the IRS. Irs tax form 1120 for 2012 See Registration Requirements, earlier. Irs tax form 1120 for 2012 Registered ultimate vendor (blocked pump). Irs tax form 1120 for 2012   This is an ultimate vendor that sells undyed kerosene from a blocked pump. Irs tax form 1120 for 2012   A credit or refund may be allowable to a registered ultimate vendor (blocked pump) if the vendor sold to a buyer undyed kerosene from a blocked pump for use other than as a fuel in a diesel-powered highway vehicle and the vendor had no reason to believe the kerosene would not be used in that manner. Irs tax form 1120 for 2012 Blocked pump. Irs tax form 1120 for 2012   A blocked pump is a fuel pump that meets all the following requirements. Irs tax form 1120 for 2012 It is used to make retail sales of undyed kerosene for use by the buyer in any nontaxable use. Irs tax form 1120 for 2012 It is at a fixed location. Irs tax form 1120 for 2012 It is identified with a legible and conspicuous notice stating, “UNDYED UNTAXED KEROSENE, NONTAXABLE USE ONLY. Irs tax form 1120 for 2012 ” It meets either of the following conditions. Irs tax form 1120 for 2012 It cannot reasonably be used to dispense fuel directly into the fuel supply tank of a diesel-powered highway vehicle or train. Irs tax form 1120 for 2012 It is locked by the vendor after each sale and unlocked by the vendor only in response to a buyer's request for undyed kerosene for use other than as a fuel in a diesel-powered highway vehicle or train. Irs tax form 1120 for 2012 Registered ultimate vendor (certain intercity and local buses). Irs tax form 1120 for 2012   This is an ultimate vendor that sells undyed diesel fuel or undyed kerosene to the ultimate purchaser for use in certain intercity and local buses. Irs tax form 1120 for 2012   The registered ultimate vendor may make the claim if the ultimate purchaser waives its right to the credit or refund by providing the registered ultimate vendor with a waiver. Irs tax form 1120 for 2012 A sample waiver is included as Model Waiver N in the Appendix. Irs tax form 1120 for 2012 The registered ultimate vendor must have the waiver at the time the credit or payment is claimed. Irs tax form 1120 for 2012 Credit Card Purchases. Irs tax form 1120 for 2012   If undyed diesel fuel or kerosene is purchased with a credit card issued to a state, the person who extended credit to the state (the credit card issuer) is treated as the person that paid the tax and makes the claim if the credit card issuer: Is registered by the IRS, Has established that the amount of tax has not been collected from the person who purchased the diesel fuel or kerosene, or has obtained written consent from the ultimate purchaser to the allowance of the credit or refund, and Has repaid or agreed to repay the amount of the tax to the ultimate vendor, has obtained the written consent of the ultimate vendor to the allowance of the credit or refund, or has made arrangements that provide the ultimate vendor with reimbursement of the tax. Irs tax form 1120 for 2012   If the requirements above are not met by the credit card issuer, the credit card issuer must collect the tax from the ultimate purchaser and only the ultimate purchaser may make the claim. Irs tax form 1120 for 2012 Diesel-Water Fuel Emulsion A claim for credit or refund may be made for the nontaxable use of a diesel-water fuel emulsion and for undyed diesel fuel used to produce a diesel-water fuel emulsion. Irs tax form 1120 for 2012 The claim rate for nontaxable use of a diesel-water fuel emulsion taxed at $. Irs tax form 1120 for 2012 198 per gallon is $. Irs tax form 1120 for 2012 197 (if exported, the claim rate is $. Irs tax form 1120 for 2012 198). Irs tax form 1120 for 2012 The following are the nontaxable uses for a diesel-water fuel emulsion for which a credit or refund may be allowable to an ultimate purchaser. Irs tax form 1120 for 2012 On a farm for farming purposes. Irs tax form 1120 for 2012 Off-highway business use. Irs tax form 1120 for 2012 Export. Irs tax form 1120 for 2012 In a qualified local bus. Irs tax form 1120 for 2012 In a school bus. Irs tax form 1120 for 2012 Other than as fuel in the propulsion engine of a train or diesel-powered highway vehicle (but not off-highway use). Irs tax form 1120 for 2012 Exclusive use by a qualified blood collector organization. Irs tax form 1120 for 2012 In a highway vehicle owned by the United States that is not used on a highway. Irs tax form 1120 for 2012 Exclusive use by a nonprofit educational organization. Irs tax form 1120 for 2012 Exclusive use by a state, political subdivision of a state, or the District of Columbia. Irs tax form 1120 for 2012 In an aircraft or vehicle owned by an aircraft museum. Irs tax form 1120 for 2012 Blender claims. Irs tax form 1120 for 2012   The claim rate for undyed diesel fuel taxed at $. Irs tax form 1120 for 2012 244 and used to produce a diesel-water fuel emulsion is $. Irs tax form 1120 for 2012 046 per gallon of diesel fuel so used. Irs tax form 1120 for 2012 The blender must be registered by the IRS in order to make the claim. Irs tax form 1120 for 2012 The blender must attach a statement to the claim certifying that: The diesel-water fuel emulsion contains at least 14% water, The emulsion additive is registered by a United States manufacturer with the EPA under section 211 of the Clean Air Act as in effect on March 31, 2003, Undyed diesel fuel taxed at $. Irs tax form 1120 for 2012 244 was used to produce the diesel-water fuel emulsion, and The diesel-water fuel emulsion was used or sold for use in the blender's trade or business. Irs tax form 1120 for 2012 Kerosene for Use in Aviation Ultimate purchasers. Irs tax form 1120 for 2012   Ultimate purchasers of kerosene used in certain aviation uses may make a claim if the rate of tax on their use is less than the rate of tax that was charged on the kerosene. Irs tax form 1120 for 2012   The ultimate purchaser of the kerosene used in commercial aviation (other than foreign trade) and noncommercial aviation (other than nonexempt, noncommercial aviation and exclusive use by a state, political subdivision of a state, or the District of Columbia) is eligible to make a claim if the ultimate purchaser certifies that the right to make the claim has not been waived. Irs tax form 1120 for 2012 Generally, the ultimate purchaser is the aircraft operator. Irs tax form 1120 for 2012   The following are the nontaxable uses of kerosene used in noncommercial aviation for which a credit or refund may be allowable to the ultimate purchaser. Irs tax form 1120 for 2012 On a farm for farming purposes. Irs tax form 1120 for 2012 Certain helicopter and fixed-wing aircraft uses. Irs tax form 1120 for 2012 Exclusive use by a qualified blood collector organization. Irs tax form 1120 for 2012 Exclusive use by a nonprofit educational organization. Irs tax form 1120 for 2012 In an aircraft owned by an aircraft museum. Irs tax form 1120 for 2012 In military aircraft. Irs tax form 1120 for 2012 Kerosene for use partly in commercial aviation and partly in nonexempt, noncommercial aviation. Irs tax form 1120 for 2012   If the fuel is used partly for use in commercial aviation and partly for use in nonexempt, noncommercial aviation, the operator may identify, either at the time of purchase or after the kerosene has been used, the amount that will be (or has been) used in commercial aviation. Irs tax form 1120 for 2012 At the same time, the operator would either make the claim or waive the right to make the claim for credit or refund of the kerosene for use in commercial and nonexempt, noncommercial aviation. Irs tax form 1120 for 2012   If the operator does not identify the amount of kerosene that will be (or has been) used in commercial aviation, the operator may provide a certificate to the ultimate vendor similar to Model Certificate Q in the Appendix. Irs tax form 1120 for 2012 For kerosene purchased with the certificate, used in commercial aviation, and taxed at $. Irs tax form 1120 for 2012 244 per gallon, use of the certificate will be treated as a waiver of the right to claim a credit or refund for the $. Irs tax form 1120 for 2012 025 per gallon part of the tax. Irs tax form 1120 for 2012 The ultimate vendor may make this claim. Irs tax form 1120 for 2012 The operator may make a claim for the $. Irs tax form 1120 for 2012 175 tax per gallon of the kerosene, but cannot waive the right to make the claim for the $. Irs tax form 1120 for 2012 175 tax per gallon. Irs tax form 1120 for 2012 Sales by Registered Ultimate Vendors Kerosene for use in commercial aviation or noncommercial aviation. Irs tax form 1120 for 2012   The registered ultimate vendor of kerosene for use in commercial aviation (other than foreign trade) or noncommercial aviation (other than nonexempt, noncommercial aviation and exclusive use by a state, political subdivision of a state, or the District of Columbia) may make this claim if the ultimate purchaser waives its right to the credit or payment by providing the registered ultimate vendor with a waiver. Irs tax form 1120 for 2012 A sample waiver is included as Model Waiver L in the Appendix. Irs tax form 1120 for 2012 The registered ultimate vendor must have the waiver at the time the credit or payment is claimed. Irs tax form 1120 for 2012   Noncommercial aviation means any use of an aircraft not described as commercial aviation. Irs tax form 1120 for 2012 For the definition of commercial aviation, see Commercial aviation on page 11. Irs tax form 1120 for 2012 Kerosene for use in nonexempt, noncommercial aviation. Irs tax form 1120 for 2012   Only the registered ultimate vendor may claim a credit or payment for sales of kerosene for use in nonexempt, noncommercial aviation. Irs tax form 1120 for 2012 The ultimate vendor must be registered by the IRS (activity letter UA) and have the required certificate from the ultimate purchaser. Irs tax form 1120 for 2012 A sample certificate is included as Model Certificate Q in the Appendix. Irs tax form 1120 for 2012 The registered ultimate vendor must have the certificate at the time the credit or payment is claimed. Irs tax form 1120 for 2012 Kerosene for use in aviation by a state or local government. Irs tax form 1120 for 2012   Only the registered ultimate vendor may claim a credit or payment for sales of kerosene for use in aviation to a state or local government for its exclusive use (including essential government use by an Indian tribal government). Irs tax form 1120 for 2012 The kerosene for use in aviation must be purchased by the state without the use of a credit card in order for the ultimate vendor to make the claim. Irs tax form 1120 for 2012 The ultimate vendor must be registered by the IRS (activity letter UV) and have the required certificate from the ultimate purchaser. Irs tax form 1120 for 2012 A sample certificate is included as Model Certificate P in the Appendix. Irs tax form 1120 for 2012 The registered ultimate vendor must have the certificate at the time the credit or payment is claimed. Irs tax form 1120 for 2012 Credit card purchases. Irs tax form 1120 for 2012   If taxed kerosene for use in aviation is purchased with a credit card issued to a state, the person who extended credit to the state (the credit card issuer) is treated as the person that paid the tax and makes the claim if the credit card issuer: Is registered by the IRS, Has established that the amount of tax has not been collected from the person who purchased the kerosene, or has obtained written consent from the ultimate purchaser to the allowance of the credit or refund, and Has repaid or agreed to repay the amount of the tax to the ultimate vendor, has obtained the written consent of the ultimate vendor to the allowance of the credit or refund, or has made arrangements that provide the ultimate vendor with reimbursement of the tax. Irs tax form 1120 for 2012   If the requirements above are not met by the credit card issuer, the credit card issuer must collect the tax from the ultimate purchaser and only the ultimate purchaser may make the claim. Irs tax form 1120 for 2012 Other Fuels (Including Alternative Fuels) Credit or refund for nontaxable use of taxed Other Fuels may be allowable to an ultimate purchaser. Irs tax form 1120 for 2012 While tax is generally imposed on delivery, Other Fuels are taxed prior to delivery in the case of certain bulk sales described in chapter 1. Irs tax form 1120 for 2012 The following are the nontaxable uses of Other Fuels for which a credit or refund may be allowable to the ultimate purchaser. Irs tax form 1120 for 2012 On a farm for farming purposes. Irs tax form 1120 for 2012 Off-highway business use. Irs tax form 1120 for 2012 In a boat engaged in commercial fishing. Irs tax form 1120 for 2012 In certain intercity and local buses. Irs tax form 1120 for 2012 In a school bus. Irs tax form 1120 for 2012 In a qualified local bus. Irs tax form 1120 for 2012 Exclusive use by a qualified blood collector organization. Irs tax form 1120 for 2012 Exclusive use by a nonprofit educational organization. Irs tax form 1120 for 2012 Exclusive use by a state, political subdivision of a state, or the District of Columbia. Irs tax form 1120 for 2012 In an aircraft or vehicle owned by an aircraft museum. Irs tax form 1120 for 2012 Use in any boat operated by the United States for its exclusive use or any vessel of war of any foreign nation. Irs tax form 1120 for 2012 See Biodiesel or Renewable Diesel Mixture Credit, Alternative Fuel Credit, and Alternative Fuel Mixture Credit, later. Irs tax form 1120 for 2012 Refunds of Second Tax The tax on dyed diesel fuel for inland waterways fuel use applies at the rate listed on Form 720. Irs tax form 1120 for 2012 This is in addition to all other taxes imposed on the sale or use of the fuel. Irs tax form 1120 for 2012 The section 4081(e) refund (discussed below) cannot be claimed. Irs tax form 1120 for 2012 If the tax is paid and reported to the government on more than one taxable event for a taxable fuel under section 4081, the person paying the “second tax” may claim a refund (without interest) of that tax if certain conditions and reporting requirements are met. Irs tax form 1120 for 2012 No credit against any tax is allowed for this tax. Irs tax form 1120 for 2012 For information about taxable events, see the discussions under Gasoline, Diesel Fuel and Kerosene and Kerosene for Use in Aviation in chapter 1. Irs tax form 1120 for 2012 Conditions to allowance of refund. Irs tax form 1120 for 2012   A claim for refund of the tax is allowed only if all the following conditions are met. Irs tax form 1120 for 2012 A tax on the fuel was paid to the government and not credited or refunded (the “first tax”). Irs tax form 1120 for 2012 After the first tax was imposed, another tax was imposed on the same fuel and was paid to the government (the “second tax”). Irs tax form 1120 for 2012 The person that paid the second tax filed a timely claim for refund containing the information required (see Refund claim, later). Irs tax form 1120 for 2012 The person that paid the first tax has met the reporting requirements, discussed next. Irs tax form 1120 for 2012 Reporting requirements. Irs tax form 1120 for 2012   Generally, the person that paid the first tax must file a “First Taxpayer's Report” with its Form 720 for the quarter to which the report relates. Irs tax form 1120 for 2012 A model first taxpayer's report is shown in the Appendix as Model Certificate B. Irs tax form 1120 for 2012 The report must contain all information needed to complete the model. Irs tax form 1120 for 2012   By the due date for filing the Form 720, you must also send a separate copy of the report to the following address. Irs tax form 1120 for 2012 Department of the Treasury Internal Revenue Service  Cincinnati, OH 45999-0555 Write “EXCISE – FIRST TAXPAYER'S REPORT” across the top of that copy. Irs tax form 1120 for 2012 Optional reporting. Irs tax form 1120 for 2012   A first taxpayer's report is not required for the tax imposed on: Removal at a terminal rack, Nonbulk entries into the United States, and Removals or sales by blenders. Irs tax form 1120 for 2012 However, if the person liable for the tax expects that another tax will be imposed on that fuel, that person should (but is not required to) file a first taxpayer's report. Irs tax form 1120 for 2012 Providing information. Irs tax form 1120 for 2012   The first taxpayer must give a copy of the report to the buyer of the fuel within the bulk transfer/terminal system or to the owner of the fuel immediately before the first tax was imposed, if the first taxpayer is not the owner at that time. Irs tax form 1120 for 2012 If an optional report is filed, a copy should (but is not required to) be given to the buyer or owner. Irs tax form 1120 for 2012   A person that receives a copy of the first taxpayer's report and later sells the fuel within the bulk transfer/terminal system must give the copy and a “Statement of Subsequent Seller” to the buyer. Irs tax form 1120 for 2012 If the later sale is outside the bulk transfer/terminal system and that person expects that another tax will be imposed, that person should (but is not required to) give the copy and the statement to the buyer. Irs tax form 1120 for 2012 A model statement of subsequent seller is shown in the Appendix as Model Certificate A. Irs tax form 1120 for 2012 The statement must contain all information necessary to complete the model. Irs tax form 1120 for 2012   If the first taxpayer's report relates to fuel sold to more than one buyer, copies of that report must be made when the fuel is divided. Irs tax form 1120 for 2012 Each buyer must be given a copy of the report. Irs tax form 1120 for 2012 Refund claim. Irs tax form 1120 for 2012   You must have filed Form 720 and paid the second tax before you file for a refund of that tax. Irs tax form 1120 for 2012 You must make your claim for refund on Form 8849. Irs tax form 1120 for 2012 Complete Schedule 5 (Form 8849) and attach it to your Form 8849. Irs tax form 1120 for 2012 Do not include this claim with a claim under another tax provision. Irs tax form 1120 for 2012 You must not have included the second tax in the price of the fuel and must not have collected it from the purchaser. Irs tax form 1120 for 2012 You must submit the following information with your claim. Irs tax form 1120 for 2012 A copy of the first taxpayer's report (discussed earlier). Irs tax form 1120 for 2012 A copy of the statement of subsequent seller if the fuel was bought from someone other than the first taxpayer. Irs tax form 1120 for 2012 Definitions of Nontaxable Uses This section provides definitions of the terms used in Table 2-1 for nontaxable uses. Irs tax form 1120 for 2012 If applicable, the type of use number from Table 2-1 is indicated in each heading. Irs tax form 1120 for 2012 Type of use table. Irs tax form 1120 for 2012   The first column of the table is the number you enter on Form 4136, Form 8849, or Schedule C (Form 720) for that type of use. Irs tax form 1120 for 2012 For type of use 2, the mobile machinery parenthetical applies only to Form 8849 and Form 720. Irs tax form 1120 for 2012 Table 2-1. Irs tax form 1120 for 2012 Type of Use Table No. Irs tax form 1120 for 2012 Type of Use 1 On a farm for farming purposes 2 Off-highway business use (for business use other than in a highway vehicle registered or required to be registered for highway use) (other than use in mobile machinery) 3 Export 4 In a boat engaged in commercial fishing 5 In certain intercity and local buses 6 In a qualified local bus 7 In a bus transporting students and employees of schools (school buses) 8 For diesel fuel and kerosene (other than kerosene used in aviation) used other than as a fuel in the propulsion engine of a train or diesel-powered highway vehicle (but not off-highway business use) 9 In foreign trade 10 Certain helicopter and fixed-wing aircraft uses 11 Exclusive use by a qualified blood collector organization 12 In a highway vehicle owned by the United States that is not used on a highway 13 Exclusive use by a nonprofit educational organization 14 Exclusive use by a state, political subdivision of a state, or the District of Columbia 15 In an aircraft or vehicle owned by an aircraft museum 16 In military aircraft On a farm for farming purposes (No. Irs tax form 1120 for 2012 1). Irs tax form 1120 for 2012   On a farm for farming purposes means fuel used in carrying on a trade or business of farming, on a farm in the United States, and for farming purposes. Irs tax form 1120 for 2012 Farm. Irs tax form 1120 for 2012   A farm includes livestock, dairy, fish, poultry, fruit, fur-bearing animals, and truck farms; orchards; plantations; ranches; nurseries; ranges; and feed yards for fattening cattle. Irs tax form 1120 for 2012 It also includes structures such as greenhouses used primarily for the raising of agricultural or horticultural commodities. Irs tax form 1120 for 2012 A fish farm is an area where fish are grown or raised — not merely caught or harvested. Irs tax form 1120 for 2012 Farming purposes. Irs tax form 1120 for 2012   As an owner, tenant, or operator, you use fuel on a farm for farming purposes if you use it in any of the following ways. Irs tax form 1120 for 2012 To cultivate the soil or to raise or harvest any agricultural or horticultural commodity. Irs tax form 1120 for 2012 To raise, shear, feed, care for, train, or manage livestock, bees, poultry, fur-bearing animals, or wildlife. Irs tax form 1120 for 2012 To operate, manage, conserve, improve, or maintain your farm and its tools and equipment. Irs tax form 1120 for 2012 To handle, dry, pack, grade, or store any raw agricultural or horticultural commodity. Irs tax form 1120 for 2012 For this use to qualify, you must have produced more than half the commodity so treated during the tax year. Irs tax form 1120 for 2012 Commodity means a single raw product. Irs tax form 1120 for 2012 For example, apples and peaches are two separate commodities. Irs tax form 1120 for 2012 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 the planting, etc. Irs tax form 1120 for 2012 , is incidental to your farming operations. Irs tax form 1120 for 2012 Your tree operations will be incidental only if they are minor in nature when compared to the total farming operations. Irs tax form 1120 for 2012   If any other person, such as a neighbor or custom operator, performs a service for you on your farm for any of the purposes listed in (1) or (2), you are considered to be the ultimate purchaser that used the fuel on a farm for farming purposes. Irs tax form 1120 for 2012 However, see Custom application of fertilizer and pesticide, next. Irs tax form 1120 for 2012   If doubt exists whether the owner, the tenant, or the operator of the farm bought the fuel, determine who bore the cost of the fuel. Irs tax form 1120 for 2012 For example, if the owner of a farm and the tenant equally share the cost of gasoline that is used on a farm for farming purposes, each can claim a credit for the tax on one-half the fuel used. Irs tax form 1120 for 2012 Custom application of fertilizer and pesticide. Irs tax form 1120 for 2012   Fuel used on a farm for farming purposes includes fuel used in the application of fertilizer, pesticides, or other substances, including aerial applications. Irs tax form 1120 for 2012 Generally, the applicator is treated as having used the fuel on a farm for farming purposes. Irs tax form 1120 for 2012 For aviation gasoline, the aerial applicator makes the claim as the ultimate purchaser. Irs tax form 1120 for 2012 For kerosene used in aviation, the ultimate purchaser may make the claim or waive their right to make the claim to the registered ultimate vendor. Irs tax form 1120 for 2012 Fuel used between airfield and farm. Irs tax form 1120 for 2012   Fuel used by an aerial applicator for the direct flight between the airfield and one or more farms is treated as a farming purpose. Irs tax form 1120 for 2012 Fuel not used for farming. Irs tax form 1120 for 2012   Fuel is not used on a farm for farming purposes if it is used in any of the following ways. Irs tax form 1120 for 2012 Off the farm, such as on the highway or in noncommercial aviation, other than fuel used between the airfield and farm described above, even if the fuel is used in transporting livestock, feed, crops, or equipment. Irs tax form 1120 for 2012 For personal use, such as mowing the lawn. Irs tax form 1120 for 2012 In processing, packaging, freezing, or canning operations. Irs tax form 1120 for 2012 In processing crude gum into gum spirits of turpentine or gum resin or in processing maple sap into maple syrup or maple sugar. Irs tax form 1120 for 2012 Off-highway business use (No. Irs tax form 1120 for 2012 2). Irs tax form 1120 for 2012   Off-highway business use means fuel used in a trade or business or in an income-producing activity other than as a fuel in a highway vehicle registered or required to be registered for use on public highways. Irs tax form 1120 for 2012 The terms “highway vehicle,” “public highway,” and “registered” are defined below. Irs tax form 1120 for 2012 Do not consider any use in a boat as an off-highway business use. Irs tax form 1120 for 2012   Off-highway business use includes fuels used in any of the following ways. Irs tax form 1120 for 2012 In stationary machines such as generators, compressors, power saws, and similar equipment. Irs tax form 1120 for 2012 For cleaning purposes. Irs tax form 1120 for 2012 In forklift trucks, bulldozers, and earthmovers. Irs tax form 1120 for 2012   Generally, this use does not include nonbusiness use of fuel, such as use by minibikes, snowmobiles, power lawn mowers, chain saws, and other yard equipment. Irs tax form 1120 for 2012 Example. Irs tax form 1120 for 2012 Caroline owns a landscaping business. Irs tax form 1120 for 2012 She uses power lawn mowers and chain saws in her business. Irs tax form 1120 for 2012 The gasoline used in the power lawn mowers and chain saws qualifies as fuel used in an off-highway business use. Irs tax form 1120 for 2012 The gasoline used in her personal lawn mower at home does not qualify. Irs tax form 1120 for 2012 Highway vehicle. Irs tax form 1120 for 2012   A highway vehicle is any self-propelled vehicle designed to carry a load over public highways, whether or not it is also designed to perform other functions. Irs tax form 1120 for 2012 Examples of vehicles designed to carry a load over public highways are passenger automobiles, motorcycles, buses, and highway-type trucks and truck tractors. Irs tax form 1120 for 2012 A vehicle is a highway vehicle even though the vehicle's design allows it to perform a highway transportation function for only one of the following. Irs tax form 1120 for 2012 A particular type of load, such as passengers, furnishings, and personal effects (as in a house, office, or utility trailer). Irs tax form 1120 for 2012 A special kind of cargo, goods, supplies, or materials. Irs tax form 1120 for 2012 Some off-highway task unrelated to highway transportation, except as discussed next. Irs tax form 1120 for 2012 Vehicles not considered highway vehicles. Irs tax form 1120 for 2012   Generally, the following kinds of vehicles are not considered highway vehicles for purposes of the credit or refund of fuel taxes. Irs tax form 1120 for 2012 Specially designed mobile machinery for nontransportation functions. Irs tax form 1120 for 2012 A self-propelled vehicle is not a highway vehicle if all the following apply. Irs tax form 1120 for 2012 The chassis has permanently mounted to it machinery or equipment used to perform certain operations (construction, manufacturing, drilling, mining, timbering, processing, farming, or similar operations) if the operation of the machinery or equipment is unrelated to transportation on or off the public highways. Irs tax form 1120 for 2012 The chassis has been specially designed to serve only as a mobile carriage and mount (and power source, if applicable) for the machinery or equipment, whether or not the machinery or equipment is in operation. Irs tax form 1120 for 2012 The chassis could not, because of its special design and without substantial structural modification, be used as part of a vehicle designed to carry any other load. Irs tax form 1120 for 2012 The vehicle must have traveled less than 7,500 miles on public highways during the taxable year. Irs tax form 1120 for 2012 Vehicles specially designed for off-highway transportation. Irs tax form 1120 for 2012 A vehicle is not treated as a highway vehicle if the vehicle is specially designed for the primary function of transporting a particular type of load other than over the public highway and because of this special design, the vehicle's capability to transport a load over a public highway is substantially limited or impaired. Irs tax form 1120 for 2012 To make this determination, you can take into account the vehicle's size, whether the vehicle is subject to licensing, safety, or other requirements, and whether the vehicle can transport a load at a sustained speed of at least 25 miles per hour. Irs tax form 1120 for 2012 It does not matter that the vehicle can carry heavier loads off highway than it is allowed to carry over the highway. Irs tax form 1120 for 2012 Nontransportation trailers and semitrailers. Irs tax form 1120 for 2012 A trailer or semi-trailer is not treated as a highway vehicle if it is specially designed to function only as an enclosed stationary shelter for carrying on a nontransportation function at an off-highway site. Irs tax form 1120 for 2012 For example, a trailer that is capable only of functioning as an office for an off-highway construction operation is not a highway vehicle. Irs tax form 1120 for 2012 Public highway. Irs tax form 1120 for 2012   A public highway includes any road in the United States that is not a private roadway. Irs tax form 1120 for 2012 This includes federal, state, county, and city roads and streets. Irs tax form 1120 for 2012 Registered. Irs tax form 1120 for 2012   A vehicle is considered registered when it is registered or required to be registered for highway use under the law of any state, the District of Columbia, or any foreign country in which it is operated or situated. Irs tax form 1120 for 2012 Any highway vehicle operated under a dealer's tag, license, or permit is considered registered. Irs tax form 1120 for 2012 A highway vehicle is not considered registered solely because a special permit allows the vehicle to be operated at particular times and under specified conditions. Irs tax form 1120 for 2012 Dual use of propulsion motor. Irs tax form 1120 for 2012   Off-highway business use does not include any fuel used in the propulsion motor of a registered highway vehicle even though that motor also operates special equipment by means of a power take-off or power transfer. Irs tax form 1120 for 2012 It does not matter if the special equipment is mounted on the vehicle. Irs tax form 1120 for 2012 Example. Irs tax form 1120 for 2012 The motor of a registered concrete-mixer truck operates both the engine and the mixing unit by means of a power take-off. Irs tax form 1120 for 2012 The fuel used in the motor to run the mixer is not off-highway business use. Irs tax form 1120 for 2012 Use in separate motor. Irs tax form 1120 for 2012   Off-highway business use includes fuel used in a separate motor to operate special equipment, such as a refrigeration unit, pump, generator, or mixing unit. Irs tax form 1120 for 2012 If you draw fuel from the same tank that supplies fuel to the propulsion motor, you must figure the quantity used in the separate motor operating the special equipment. Irs tax form 1120 for 2012 You may make a reasonable estimate based on your operating experience and supported by your records. Irs tax form 1120 for 2012   You can use devices that measure the miles the vehicle has traveled (such as hubometers) to figure the gallons of fuel used to propel the vehicle. Irs tax form 1120 for 2012 Add to this amount the fuel consumed while idling or warming up the motor before propelling the vehicle. Irs tax form 1120 for 2012 The difference between your total fuel used and the fuel used to propel the vehicle is the fuel used in the separate motor. Irs tax form 1120 for 2012 Example. Irs tax form 1120 for 2012 Hazel owns a refrigerated truck. Irs tax form 1120 for 2012 It has a separate motor for the refrigeration unit. Irs tax form 1120 for 2012 The same tank supplies both motors. Irs tax form 1120 for 2012 Using the truck's hubometer, Hazel figures that 90% of the fuel was used to propel the truck. Irs tax form 1120 for 2012 Therefore, 10% of the fuel is used in an off-highway business use. Irs tax form 1120 for 2012 Fuel lost or destroyed. Irs tax form 1120 for 2012   You cannot treat fuel lost or destroyed through spillage, fire, or other casualty as fuel used in an off-highway business use. Irs tax form 1120 for 2012 Export (No. Irs tax form 1120 for 2012 3). Irs tax form 1120 for 2012   Export means fuel transported from the United States with the intention that the fuel remain in a foreign country or possession of the United States. Irs tax form 1120 for 2012 Fuel is not exported if it is in the fuel supply tank of a vehicle or aircraft. Irs tax form 1120 for 2012 In a boat engaged in commercial fishing (No. Irs tax form 1120 for 2012 4). Irs tax form 1120 for 2012   In a boat engaged in commercial fishing means fuel used in taking, catching, processing, or transporting fish, shellfish, or other aquatic life for commercial purposes, such as selling or processing the catch, on a specific trip basis. Irs tax form 1120 for 2012 They include boats used in both fresh and salt water fishing. Irs tax form 1120 for 2012 They do not include boats used for both sport fishing and commercial fishing on the same trip. Irs tax form 1120 for 2012 In certain intercity and local buses (No. Irs tax form 1120 for 2012 5). Irs tax form 1120 for 2012   In certain intercity and local buses means fuel used in a bus engaged in furnishing (for compensation) passenger land transportation available to the general public. Irs tax form 1120 for 2012 The bus must be engaged in one of the following activities. Irs tax form 1120 for 2012 Scheduled transportation along regular routes. Irs tax form 1120 for 2012 Nonscheduled operations if the seating capacity of the bus is at least 20 adults, not including the driver. Irs tax form 1120 for 2012 Vans and similar vehicles used for van-pooling or taxi service do not qualify. Irs tax form 1120 for 2012 Available to the general public. Irs tax form 1120 for 2012   This means you offer service to more than a limited number of persons or organizations. Irs tax form 1120 for 2012 If a bus operator normally provides charter operations through travel agencies but has buses available for chartering by the general public, this service is available to the general public. Irs tax form 1120 for 2012 A bus does not qualify when its operator uses it to provide exclusive services to only one person, group, or organization. Irs tax form 1120 for 2012 Also, intercity bus transportation does not include transporting students and employees of schools or intercity transportation in a qualified local bus. Irs tax form 1120 for 2012 In a qualified local bus (No. Irs tax form 1120 for 2012 6). Irs tax form 1120 for 2012   In a qualified local bus means fuel used in a bus meeting all the following requirements. Irs tax form 1120 for 2012 It is engaged in furnishing (for compensation) intracity passenger land transportation available to the general public. Irs tax form 1120 for 2012 It operates along scheduled, regular routes. Irs tax form 1120 for 2012 It has a seating capacity of at least 20 adults (excluding the driver). Irs tax form 1120 for 2012 It is under contract with (or is receiving more than a nominal subsidy from) any state or local government to furnish the transportation. Irs tax form 1120 for 2012 Intracity passenger land transportation. Irs tax form 1120 for 2012   This is the land transportation of passengers between points located within the same metropolitan area. Irs tax form 1120 for 2012 It includes transportation along routes that cross state, city, or county boundaries if the routes remain within the metropolitan area. Irs tax form 1120 for 2012 Under contract. Irs tax form 1120 for 2012   A bus is under contract with a state or local government only if the contract imposes a bona fide obligation on the bus operator to furnish the transportation. Irs tax form 1120 for 2012 More than a nominal subsidy. Irs tax form 1120 for 2012   A subsidy is more than nominal if it is reasonably expected to exceed an amount equal to 3 cents multiplied by the number of gallons of fuel used in buses on subsidized routes. Irs tax form 1120 for 2012 A company that operates its buses along subsidized and unsubsidized intracity routes may consider its buses qualified local buses only when the buses are used on the subsidized intracity routes. Irs tax form 1120 for 2012 In a school bus (No. Irs tax form 1120 for 2012 7). Irs tax form 1120 for 2012   In a school bus means fuel used in a bus engaged in the transportation of students or employees of schools. Irs tax form 1120 for 2012 A school is an educational organization with a regular faculty and curriculum and a regularly enrolled body of students who attend the place where the educational activities occur. Irs tax form 1120 for 2012 For diesel fuel and kerosene (other than kerosene used in aviation) used other than as a fuel (No. Irs tax form 1120 for 2012 8). Irs tax form 1120 for 2012   Diesel fuel and kerosene (other than kerosene used in aviation) used other than as a fuel in the propulsion engine of a diesel-powered highway vehicle or diesel-powered train (not including off-highway business use) means undyed diesel fuel and undyed kerosene used: For home heating, lighting, and cooking; In boats; In stationary machines, such as generators and compressors; For cleaning purposes; or In minibikes and snowmobiles. Irs tax form 1120 for 2012 In foreign trade (No. Irs tax form 1120 for 2012 9). Irs tax form 1120 for 2012   In foreign trade means fuel used in civil aircraft employed in foreign trade or trade between the United States and any of its possessions. Irs tax form 1120 for 2012 The term trade includes the transportation of persons or property for hire and the making of the necessary preparations for such transportation. Irs tax form 1120 for 2012 In the case of aircraft registered in a foreign country, the country must allow reciprocal benefits for aircraft registered in the United States. Irs tax form 1120 for 2012 Certain helicopter and fixed-wing aircraft uses (No. Irs tax form 1120 for 2012 10). Irs tax form 1120 for 2012   Includes: Certain helicopter uses. Irs tax form 1120 for 2012   Certain helicopter uses means fuel used by a helicopter for any of the following purposes. Irs tax form 1120 for 2012 Transporting individuals, equipment, or supplies in the exploration for, or the development or removal of, hard minerals, oil, or gas. Irs tax form 1120 for 2012 Planting, cultivating, cutting, transporting, or caring for trees (including logging operations). Irs tax form 1120 for 2012 Providing emergency medical transportation. Irs tax form 1120 for 2012   During a use described in items (1) and (2), the helicopter must not take off from, or land at, a facility eligible for assistance under the Airport and Airway Development Act of 1970, or otherwise use services provided pursuant to section 44509 or 44913(b) or subchapter I of chapter 471 of title 49, United States Code. Irs tax form 1120 for 2012 For item (1), treat each flight segment as a separate flight. Irs tax form 1120 for 2012 Fixed-wing aircraft uses. Irs tax form 1120 for 2012   Fixed-wing aircraft uses means fuel used by a fixed-wing aircraft for any of the following purposes. Irs tax form 1120 for 2012 Planting, cultivating, cutting, transporting, or caring for trees (including logging operations). Irs tax form 1120 for 2012 Providing emergency medical transportation. Irs tax form 1120 for 2012 The aircraft must be equipped for and exclusively dedicated on that flight to acute care emergency medical services. Irs tax form 1120 for 2012 During a use described in item (1), the aircraft must not take off from, or land at, a facility eligible for assistance under the Airport and Airway Development Act of 1970, or otherwise use services provided pursuant to section 44509 or 44913(b) or subchapter I of chapter 471 of title 49, United States Code. Irs tax form 1120 for 2012 Exclusive use by a qualified blood collector organization (No. Irs tax form 1120 for 2012 11). Irs tax form 1120 for 2012   Exclusive use by a qualified blood collector organization means fuel used by the qualified blood collector organization for its exclusive use in the collection, storage, or transportation of blood. Irs tax form 1120 for 2012 Qualified blood collector organization. Irs tax form 1120 for 2012   A qualified blood collector organization is one that is: Described in section 501(c)(3) and exempt from tax under section 501(a), Primarily engaged in the activity of collecting human blood, Registered by the IRS, and Registered by the Food and Drug Administration to collect blood. Irs tax form 1120 for 2012 In a highway vehicle owned by the United States that is not used on a highway (No. Irs tax form 1120 for 2012 12). Irs tax form 1120 for 2012   In a highway vehicle owned by the United States that is not used on a highway means fuel used in a vehicle that was not used on public highways during the period covered by the claim. Irs tax form 1120 for 2012 This use applies whether or not the vehicle is registered or required to be registered for highway use. Irs tax form 1120 for 2012 Exclusive use by a nonprofit educational organization (No. Irs tax form 1120 for 2012 13). Irs tax form 1120 for 2012   Exclusive use by a nonprofit educational organization means fuel used by an organization exempt from income tax under section 501(a) that meets both of the following requirements. Irs tax form 1120 for 2012 It has a regular faculty and curriculum. Irs tax form 1120 for 2012 It has a regularly enrolled body of students who attend the place where the instruction normally occurs. Irs tax form 1120 for 2012   A nonprofit educational organization also includes a school operated by a church or other organization described in section 501(c)(3) if the school meets the above requirements. Irs tax form 1120 for 2012 Exclusive use by a state, political subdivision of a state, or the District of Columbia (No. Irs tax form 1120 for 2012 14). Irs tax form 1120 for 2012   Exclusive use by a state, political subdivision of a state, or the District of Columbia means fuel purchased by the state or local government for its exclusive use. Irs tax form 1120 for 2012 A state or local government is any state, any political subdivision thereof, or the District of Columbia. Irs tax form 1120 for 2012 An Indian tribal government is treated as a state only if the fuel is used in an activity that involves the exercise of an essential tribal government function. Irs tax form 1120 for 2012 Gasoline, diesel fuel, and kerosene used by the American Red Cross is considered to be the use of these fuels by a state. Irs tax form 1120 for 2012 In an aircraft or vehicle owned by an aircraft museum (No. Irs tax form 1120 for 2012 15). Irs tax form 1120 for 2012   In an aircraft or vehicle owned by an aircraft museum means fuel used in an aircraft or vehicle that is owned by an organization that meets all the following requirements. Irs tax form 1120 for 2012 It is exempt from income tax as an organization described in section 501(c)(3). Irs tax form 1120 for 2012 It is operated as a museum under a state (or District of Columbia) charter. Irs tax form 1120 for 2012 It is operated exclusively for acquiring, exhibiting, and caring for aircraft of the type used for combat or transport in  World War II. Irs tax form 1120 for 2012   The aircraft or vehicle (such as a ground servicing vehicle for aircraft) must be used exclusively for the purposes described in item (3). Irs tax form 1120 for 2012 In military aircraft (No. Irs tax form 1120 for 2012 16). Irs tax form 1120 for 2012   In a military aircraft means fuel used in an aircraft owned by the United States or any foreign nation and constituting a part of its armed forces. Irs tax form 1120 for 2012 In commercial aviation (other than foreign trade). Irs tax form 1120 for 2012   See Commercial aviation, earlier, for the definition. Irs tax form 1120 for 2012 Use in a train. Irs tax form 1120 for 2012   Use in a train means fuel used in the propulsion engine of equipment or machinery that rides on rails. Irs tax form 1120 for 2012 This includes use in a locomotive, work train, switching engine, and track maintenance machine. Irs tax form 1120 for 2012 Biodiesel or Renewable Diesel Mixture Credit, Alternative Fuel Credit, and Alternative Fuel Mixture Credit For alternative fuel mixtures produced after December 31, 2011, see How to Claim the Credit below. Irs tax form 1120 for 2012 The section 6426 credit for biodiesel and alternative fuel consists of the biodiesel or renewable diesel mixture credit, alternative fuel credit, and alternative fuel mixture credit. Irs tax form 1120 for 2012 Biodiesel or renewable diesel mixture credit claimant. Irs tax form 1120 for 2012   Claimant produced a biodiesel mixture by mixing biodiesel with diesel fuel. Irs tax form 1120 for 2012 Claimant produced a renewable diesel mixture by mixing renewable diesel with liquid fuel (other than renewable diesel). Irs tax form 1120 for 2012   The person that produced and sold or used the mixture in their trade or business is the only person eligible to make this claim. Irs tax form 1120 for 2012 The credit is based on the gallons of biodiesel or renewable diesel in the mixture. Irs tax form 1120 for 2012 Renewable diesel does not include any fuel derived from coprocessing biomass (as defined in section 45K(c)(3)) with a feedstock that is not biomass. Irs tax form 1120 for 2012 Claim requirements. Irs tax form 1120 for 2012   See the Instructions for Form 720 for the biodiesel or renewable diesel mixture claim requirements. Irs tax form 1120 for 2012 Alternative fuel credit claimant. Irs tax form 1120 for 2012   For the alternative fuel credit, the registered alternative fueler who (1) sold an alternative fuel at retail delivered it into the fuel supply tank of a motor vehicle or motorboat, (2) sold an alternative fuel, delivered it in bulk taxable use in a motor vehicle or motorboat, and received required statement from the buyer, (3) used an alternative fuel (not sold at retail or in bulk as previously described) motor vehicle or motorboat, or (4) sold an alternative fuel used as a fuel in aviation is the only person eligible to make this claim. Irs tax form 1120 for 2012 Carbon capture requirement. Irs tax form 1120 for 2012   A credit for Fischer-Tropsch process liquid fuel derived from coal (including peat) can be claimed only if the fuel is derived from coal produced at a gasification facility that separates and sequesters at least 75% of the facility's total carbon dioxide emissions. Irs tax form 1120 for 2012 Alternative fuel credit. Irs tax form 1120 for 2012   The registered alternative fueler is the person eligible to make the claim. Irs tax form 1120 for 2012 An alternative fueler is the person liable for tax on alternative fuel under the rules for taxable events for Other Fuels (discussed in chapter 1) or would be liable but for an exemption for nontaxable uses. Irs tax form 1120 for 2012 An alternative fueler includes a person who sells for use or uses an alternative fuel in aviation. Irs tax form 1120 for 2012 Alternative fuel mixture credit claimant. Irs tax form 1120 for 2012   For the alternative fuel mixture credit, the registered alternative fueler that produced and sold or used the mixture as a fuel in their trade or business is the only person eligible to make this claim. Irs tax form 1120 for 2012 The credit is based on the gallons of alternative fuel in the mixture. Irs tax form 1120 for 2012 An alternative fuel mixture is a mixture of alternative fuel and section 4081 taxable fuel (gasoline, diesel fuel, or kerosene). Irs tax form 1120 for 2012 Registration. Irs tax form 1120 for 2012   You must be registered by the IRS to be eligible to claim the section 6426 fuel credit. Irs tax form 1120 for 2012 See Registration Requirements in chapter 1. Irs tax form 1120 for 2012 Credits for fuel provide incentive for United States production. Irs tax form 1120 for 2012   The section 6426 fuel credit may not be claimed for alternative fuel that is produced outside the United States for use as a fuel outside the United States. Irs tax form 1120 for 2012 The United States includes any possession of the United States. Irs tax form 1120 for 2012 Credit for fuels derived from paper or pulp production. Irs tax form 1120 for 2012   Credit for alternative fuels and alternative fuel mixtures for any fuel derived from the production of paper or pulp are not available for fuel sold or used on or after December 31, 2009. Irs tax form 1120 for 2012 How to Claim the Credit Any biodiesel or renewable diesel mixture credit must first be claimed on Schedule C to reduce your taxable fuel liability reported on Form 720. Irs tax form 1120 for 2012 Any excess credit may be claimed on Schedule C (Form 720), Schedule 3 (Form 8849), Form 4136, or Form 8864, Biodiesel and Renewable Diesel Fuels Credit. Irs tax form 1120 for 2012 See Notice 2005-4 and the Instructions for Form 720 for more information. Irs tax form 1120 for 2012 Also see Notice 2013-26 on page 984 of I. Irs tax form 1120 for 2012 R. Irs tax form 1120 for 2012 B. Irs tax form 1120 for 2012 2013-18 at www. Irs tax form 1120 for 2012 irs. Irs tax form 1120 for 2012 gov/pub/irs-irbs/irb13-18. Irs tax form 1120 for 2012 pdf; and see chapter 2, later. Irs tax form 1120 for 2012 Coordination with income tax credit. Irs tax form 1120 for 2012   Only one credit may be taken for any amount of biodiesel or renewable diesel. Irs tax form 1120 for 2012 If any amount is claimed (or will be claimed) for any amount of biodiesel or renewable diesel on Form 720, Form 8849, or Form 4136, then a claim cannot be made on Form 8864 for that amount of biodiesel or renewable diesel. Irs tax form 1120 for 2012   Any alternative fuel credit must first be claimed on Schedule C (Form 720) to reduce your section 4041 taxable fuel liability for alternative fuel and CNG reported on Form 720. Irs tax form 1120 for 2012 Any excess credit may claimed on Schedule C (Form 720), Schedule 3 (Form 8849), or Form 4136. Irs tax form 1120 for 2012   For alternative fuel mixtures produced after December 31, 2011, the alternative fuel mixture credit can be claimed on Schedule C (Form 720), not on Form 4136 or Schedule 3 (Form 8849), and only to the extent of your section 4081 taxable fuel liability for gasoline, diesel fuel and kerosene reported on Form 720. Irs tax form 1120 for 2012   Calculate the limitation for alternative fuel mixtures separately and enter on Schedule C (Form 720), line 14, only the gallons of mixtures that do not exceed your section 4081 taxable fuel liability. Irs tax form 1120 for 2012 Filing Claims This section tells you how to make a claim for a credit or refund of excise taxes on fuels. Irs tax form 1120 for 2012 This section also covers recordkeeping requirements and when to include the credit or refund in your income. Irs tax form 1120 for 2012 Generally, you will provide all the information needed to claim a credit or refund when you properly complete Form 8849, Form 4136, Schedule C (Form 720), Form 6478, or Form 8864. Irs tax form 1120 for 2012 In some cases, you will have to attach additional information. Irs tax form 1120 for 2012 You need to keep records that support your claim for a credit or refund. Irs tax form 1120 for 2012 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. Irs tax form 1120 for 2012 Ultimate purchaser. Irs tax form 1120 for 2012   Ultimate purchasers may make claims for the nontaxable use of fuels on Form 4136, Schedule 1 (Form 8849), and Schedule C (Form 720) if reporting excise tax liability on that return. Irs tax form 1120 for 2012 If you are an ultimate purchaser, you must keep the following records. Irs tax form 1120 for 2012 The number of gallons purchased and used during the period covered by your claim. Irs tax form 1120 for 2012 The dates of the purchases. Irs tax form 1120 for 2012 The names and addresses of suppliers and amounts purchased from each in the period covered by your claim. Irs tax form 1120 for 2012 The nontaxable use for which you used the fuel. Irs tax form 1120 for 2012 The number of gallons used for each nontaxable use. Irs tax form 1120 for 2012 It is important that your records show separately the number of gallons used for each nontaxable use that qualifies as a claim. Irs tax form 1120 for 2012 If the fuel is exported, you must have proof of exportation. Irs tax form 1120 for 2012   For more information about keeping records, see Publication 583, Starting a Business and Keeping Records, or chapter 1 of Publication 17, Your Federal Income Tax for Individuals. Irs tax form 1120 for 2012 Exceptions. Irs tax form 1120 for 2012    Generally, the ultimate purchaser may not claim a credit or refund for undyed diesel fuel, undyed kerosene, or kerosene for use in aviation sold for the exclusive use of a state or local government. Irs tax form 1120 for 2012 However, see Claims by credit card issuers, later, for an exception. Irs tax form 1120 for 2012 The ultimate purchaser may not claim a credit or refund as follows. Irs tax form 1120 for 2012 The ultimate purchaser of gasoline or aviation gasoline used by a state or local government for its exclusive use or by a nonprofit educational organization for its exclusive use may waive its right to make a claim by providing a certificate that is signed under penalties of perjury by a person authorized to bind the ultimate purchaser and is in the same format as the Model Certificate M. Irs tax form 1120 for 2012 A new certificate is required each year or when any information in the current certificate expires. Irs tax form 1120 for 2012 The ultimate purchaser of kerosene for use in commercial aviation or noncommercial aviation (other than nonexempt, noncommercial aviation and exclusive use by a state, political subdivision of a state, or the District of Columbia) may waive its right to make a claim by providing a waiver that is signed under penalties of perjury by a person authorized to bind the ultimate purchaser and is in the same format as the Model Waiver L. Irs tax form 1120 for 2012 A new waiver is required each year or when any information in the current waiver expires. Irs tax form 1120 for 2012 The ultimate purchaser of undyed diesel fuel or undyed kerosene used in certain intercity and local buses may waive its right to make a claim by providing a waiver that is signed under penalties of perjury by a person authorized to bind the ultimate purchaser and is in the same format as the Model Waiver N. Irs tax form 1120 for 2012 A new waiver is required each year or when any information in the current waiver expires. Irs tax form 1120 for 2012 The ultimate purchaser of kerosene for use in nonexempt, noncommercial aviation must provide a certificate that is signed under penalties of perjury by a person authorized to bind the ultimate purchaser and is in the same format as the Model Certificate Q. Irs tax form 1120 for 2012 A new certificate is required each year or when any information in the current certificate expires. Irs tax form 1120 for 2012 Registered ultimate vendor. Irs tax form 1120 for 2012   Registered ultimate vendors may make claims for certain sales of fuels on Form 4136, Schedule 2 (Form 8849), and Schedule C (Form 720) if reporting excise tax liability on that return. Irs tax form 1120 for 2012 If you are a registered ultimate vendor, you must keep certain information pertaining to the sale of the fuel. Irs tax form 1120 for 2012   To make a claim, you must have sold the fuel at a tax-excluded price, repaid the tax to the buyer, or obtained the buyer's written consent to the allowance of the claim. Irs tax form 1120 for 2012 You are required to have a valid certificate or waiver in your possession in order to make the claim. Irs tax form 1120 for 2012   In addition, you must have a registration number that has not been revoked or suspended. Irs tax form 1120 for 2012 See Form 637. Irs tax form 1120 for 2012 State use. Irs tax form 1120 for 2012   To make a claim as an ultimate vendor (state), you must have a UV registration number and the fuel cannot be purchased with a credit card as explained below. Irs tax form 1120 for 2012 If you sell undyed diesel fuel, undyed kerosene, or kerosene for use in aviation for use by a state or local government, you must keep the following information. Irs tax form 1120 for 2012 The name and taxpayer identification number of each person (government unit) that bought the fuel. Irs tax form 1120 for 2012 The number of gallons sold to each person. Irs tax form 1120 for 2012 An unexpired certificate from the buyer. Irs tax form 1120 for 2012 See Model Certificate P in the Appendix. Irs tax form 1120 for 2012 The certificate expires on the earlier of 1 year after the date of the certificate or the date a new certificate is given to the registered ultimate vendor. Irs tax form 1120 for 2012 Nonprofit educational organization and state use. Irs tax form 1120 for 2012   To make a claim as an ultimate vendor (nonprofit educational organization or state), you must have a UV registration number and the fuel cannot be purchased with a credit card as explained later. Irs tax form 1120 for 2012 If you sell gasoline or aviation gasoline to a nonprofit educational organization for its exclusive use or to a state or local government for its exclusive use, you must keep the following information. Irs tax form 1120 for 2012 The name and taxpayer identification number of each person (nonprofit educational organization or government unit) that bought the fuel. Irs tax form 1120 for 2012 The number of gallons sold to each person. Irs tax form 1120 for 2012 An unexpired certificate from the buyer. Irs tax form 1120 for 2012 See Model Certificate M in the Appendix. Irs tax form 1120 for 2012  The certificate expires on the earlier of 1 year after the date of the certificate or the date a new certificate is given to the registered ultimate vendor. Irs tax form 1120 for 2012 Blocked pump. Irs tax form 1120 for 2012   To make a claim as an ultimate vendor (blocked pump), you must have a UP registration number. Irs tax form 1120 for 2012 If you sell undyed kerosene (other than kerosene for use in aviation) from a pump that qualifies as a blocked pump because it is locked by you after each sale and is unlocked by you at the request of the buyer, you must keep the following information for each sale of more than 5 gallons. Irs tax form 1120 for 2012 The date of each sale. Irs tax form 1120 for 2012 The name and address of the buyer. Irs tax form 1120 for 2012 The number of gallons sold to that buyer. Irs tax form 1120 for 2012 Certain intercity and local bus use. Irs tax form 1120 for 2012   To make a claim as an ultimate vendor of undyed diesel fuel or undyed kerosene used in certain intercity and local buses, you must have a UB registration number. Irs tax form 1120 for 2012 You must keep the following information. Irs tax form 1120 for 2012 The date of each sale. Irs tax form 1120 for 2012 The name and address of the buyer. Irs tax form 1120 for 2012 The number of gallons sold to the buyer. Irs tax form 1120 for 2012 A copy of the waiver signed by the buyer at the time the credit or payment is claimed. Irs tax form 1120 for 2012 See Model Waiver N in the Appendix. Irs tax form 1120 for 2012 Kerosene for use in commercial aviation or noncommercial aviation. Irs tax form 1120 for 2012   To make a claim as an ultimate vendor of kerosene for use in commercial aviation (other than foreign trade) or noncommercial aviation (other than nonexempt, noncommercial aviation and exclusive use by a state, political subdivision of a state, or the District of Columbia), you must have a UA registration number. Irs tax form 1120 for 2012 See Kerosene for use in aviation, earlier, for a list of nontaxable uses. Irs tax form 1120 for 2012 You must keep the following information. Irs tax form 1120 for 2012 The date of each sale. Irs tax form 1120 for 2012 The name and address of the buyer. Irs tax form 1120 for 2012 The number of gallons sold to the buyer. Irs tax form 1120 for 2012 A copy of the waiver signed by the buyer at the time the credit or payment is claimed. Irs tax form 1120 for 2012 See Model Waiver L in the Appendix. Irs tax form 1120 for 2012 Kerosene for use in nonexempt, noncommercial aviation. Irs tax form 1120 for 2012   To make a claim as an ultimate vendor of kerosene for use in nonexempt, noncommercial aviation, you must have a UA registration number. Irs tax form 1120 for 2012 You must keep the following information. Irs tax form 1120 for 2012 The date of each sale. Irs tax form 1120 for 2012 The name and address of the buyer. Irs tax form 1120 for 2012 The number of gallons sold to the buyer. Irs tax form 1120 for 2012 A copy of the certificate signed by the buyer at the time the credit or payment is claimed. Irs tax form 1120 for 2012 See Model Certificate Q in the Appendix. Irs tax form 1120 for 2012 Claims by credit card issuers. Irs tax form 1120 for 2012   For sales of gasoline, aviation gasoline, diesel fuel, kerosene, or kerosene for use in aviation that are purchased by an exempt user with the use of a credit card, the registered credit card issuer is the only person who can make the claim. Irs tax form 1120 for 2012 An exempt user for this purpose is: For gasoline or aviation gasoline, a state or local government (including essential government use by an Indian tribal government) or a nonprofit educational organization; or For diesel fuel, kerosene, or kerosene for use in aviation, a state or local government (including essential government use by an Indian tribal government). Irs tax form 1120 for 2012   If gasoline is purchased without the use of a credit card, then the registered ultimate vendor of the gasoline may make the claim for refund or credit. Irs tax form 1120 for 2012 However, if the gasoline is purchased with a credit card issued to a state, but the credit card issuer is not registered by the IRS or does not meet the conditions described, the credit card issuer must collect the tax and the state may make the claim. Irs tax form 1120 for 2012   If diesel fuel, kerosene, or kerosene for use in aviation is purchased without the use of a credit card, the registered ultimate vendor may make the claim for refund or credit. Irs tax form 1120 for 2012 A state is not allowed to make a claim for these fuels. Irs tax form 1120 for 2012 However, if the diesel fuel or kerosene is purchased with a credit card issued to a state, but the credit card issuer is not registered by the IRS or does not meet the conditions described, the credit card issuer must collect the tax and the state may make the claim. Irs tax form 1120 for 2012   The claim from the credit card issuer must contain the following information as it applies to the fuel covered in the claim. Irs tax form 1120 for 2012 The total number of gallons. Irs tax form 1120 for 2012 Its registration number. Irs tax form 1120 for 2012 A statement that it has not collected the amount of tax from the ultimate purchaser or has obtained the written consent of the ultimate purchaser to make the claim. Irs tax form 1120 for 2012 A statement that it has repaid or agreed to repay the amount of tax to the ultimate vendor, has obtained the written consent of the ultimate vendor to make the claim, or has otherwise made arrangements which directly or indirectly provide the ultimate vendor with reimbursement of the tax. Irs tax form 1120 for 2012 Has in its possession an unexpired certificate similar to Model Certificate R in the Appendix and has no reason to believe any of the information in the certificate is false. Irs tax form 1120 for 2012 Taxpayer identification number. Irs tax form 1120 for 2012   To file a claim, you must have a taxpayer identification number. Irs tax form 1120 for 2012 Your taxpayer identification number can be an: Employer identification number (EIN), Social security number (SSN), or Individual taxpayer identification number (ITIN), if you are an alien individual and do not have and are not eligible to get an SSN. Irs tax form 1120 for 2012   If you normally file only a U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 individual income tax return (such as Form 1040 or 1040NR), use your SSN or ITIN. Irs tax form 1120 for 2012 You get an SSN by filing Form SS-5, Application for a Social Security Card, with the Social Security Administration. Irs tax form 1120 for 2012 To get an ITIN, file Form W-7, Application for IRS Individual Taxpayer Identification Number, with the IRS. Irs tax form 1120 for 2012   If you operate a business, use your EIN. Irs tax form 1120 for 2012 If you do not have an EIN, you may apply for one online. Irs tax form 1120 for 2012 Go to the IRS website at irs. Irs tax form 1120 for 2012 gov/businesses/small and click on the “Employer ID Numbers (EINs)” link. Irs tax form 1120 for 2012 You may also apply for an EIN by calling 1-800-829-4933, or you can fax or mail Form SS-4, Application for Employer Identification Number, to the IRS. Irs tax form 1120 for 2012 Claiming A Refund Generally, you may claim a refund of excise taxes on Form 8849. Irs tax form 1120 for 2012 Complete and attach to Form 8849 the appropriate Form 8849 schedules. Irs tax form 1120 for 2012 The instructions for Form 8849 and the separate instructions for each schedule explain the requirements for making a claim for refund. Irs tax form 1120 for 2012 If you file Form 720, you can use the Schedule C (Form 720) for your refund claims for the quarter. Irs tax form 1120 for 2012 See the Instructions for Form 720. Irs tax form 1120 for 2012 Do not claim a refund on Form 8849 for any amount for which you have filed or will file a claim on Schedule C (Form 720) or Form 4136. Irs tax form 1120 for 2012 The alternative fuel mixture credit must be claimed on Schedule C (Form 720) against your section 4081 taxable fuel liability for gasoline, diesel, and kerosene and any excess is not allowed. Irs tax form 1120 for 2012 The alternative fuel credit must first be claimed on Schedule C (Form 720) against your section 4041 taxable fuel liability for alternative fuel and CNG. Irs tax form 1120 for 2012 To the extent the alternative fuel credit exceeds this taxable fuel liability, a payment is allowed and may be claimed as a credit on Schedule C (Form 720), or as an income tax credit on Forms 4136, 6478, or 8864, as applicable. Irs tax form 1120 for 2012 Only one claim may be made for any particular amount of alternative fuel. Irs tax form 1120 for 2012 Claiming a Credit on Form 4136 For alternative fuel mixtures produced after December 31, 2011, the alternative fuel mixture credit cannot be claimed on Form 4136. Irs tax form 1120 for 2012 See Biodiesel or Renewable Diesel Mixture Credit, Alternative Fuel Credit and Alternative Fuel Mixture Credit in chapter 2, earlier. Irs tax form 1120 for 2012 A credit may be claimed for certain uses and sales of fuels on Form 4136 when you file your income tax return at the end of the year. Irs tax form 1120 for 2012 If you meet certain requirements (discussed earlier), you may be able to make a claim during the year. Irs tax form 1120 for 2012 Credit only. Irs tax form 1120 for 2012   You can claim the following taxes only as a credit on Form 4136. Irs tax form 1120 for 2012 Tax on fuels used for nontaxable uses if the total for your tax year is less than $750. Irs tax form 1120 for 2012 Tax on fuel you did not include in any claim for refund previously filed for any quarter of your tax year. Irs tax form 1120 for 2012 Tax on fuel you used in mobile machinery (off-highway business use) that traveled less than 7,500 miles on public highways. Irs tax form 1120 for 2012 Do not claim a credit for any amount for which you have filed a refund claim on Form 8849 or credit on Schedule C (Form 720). Irs tax form 1120 for 2012 When to file. Irs tax form 1120 for 2012   You can claim a fuel tax credit on your income tax return for the year you used the fuel (or sold the fuel in the case of a registered ultimate vendor claim). Irs tax form 1120 for 2012 You may be able to make a fuel tax claim on an amended income tax return for the year you used the fuel. Irs tax form 1120 for 2012 Generally, you must file an amended return by the later of 3 years from the date you filed your original return or within 2 years from the date you paid the income tax. Irs tax form 1120 for 2012 How to claim a credit. Irs tax form 1120 for 2012   How you claim a credit depends on whether you are an individual, partnership, corporation, S corporation, or farmers' cooperative association. Irs tax form 1120 for 2012 Individuals. Irs tax form 1120 for 2012   You claim the credit on the “Credits from” line of Form 1040. Irs tax form 1120 for 2012 Also check box b on that line. Irs tax form 1120 for 2012 If you would not otherwise have to file an income tax return, you must do so to get a fuel tax credit. Irs tax form 1120 for 2012 Partnerships. Irs tax form 1120 for 2012   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. Irs tax form 1120 for 2012 , showing each partner's share of the number of gallons of each fuel sold or used for a non