Get the free Schedule 5 (Form 8849) - irs

This form is used to make a claim for a refund of the second tax paid on certain types of fuel such as gasoline and diesel, as part of Section 4081(e) claims under the Internal Revenue Code. It requires

How to fill out schedule 5 form 8849

How to fill out Schedule 5 (Form 8849)

1. Obtain Schedule 5 (Form 8849) from the IRS website or your tax professional.
2. Ensure you have all necessary receipts and information about the fuels you used.
3. Fill in your name, address, and taxpayer identification number at the top of the form.
4. Enter the total number of gallons of fuel you are claiming a refund for in the appropriate section.
5. Complete the relevant sections indicating the type of fuel, its use, and the amount.
6. Double-check the accuracy of your entries and ensure all calculations are correct.
7. Sign and date the form.
8. Submit the completed Schedule 5 (Form 8849) along with your other tax forms or as instructed.

Who needs Schedule 5 (Form 8849)?

1. Individuals or businesses that have overpaid federal excise tax on fuels.
2. Taxpayers seeking a refund for fuel used for non-taxable purposes.
3. Farmers who use fuel for farming purposes or operations.
4. Eligible organizations like certain nonprofits or government entities using fuel for exempt purposes.

People Also Ask about

What is cycle 5 IRS?

It shows the year and calendar week and day of the week it was submitted and received. ing to the IRS 05 means Thursday and 14 means the 14th week when the IRS started accepting returns, so you should see refund soon enough.

What is IRS tax Class 5?

Now you know right from the IRS manual 6209 that Tax Class 2 is for Individual Income Tax and Tax Class 5 is for Estate and Gift Taxes. Next we should refer to IRS Manual 6209 for a chart of IRS Forms and the tax classes the forms are used for.

What is the line 5 on the Schedule A tax return?

Line 5. The deduction for state and local taxes is generally limited to $10,000 ($5,000 if married filing separately). State and local taxes subject to this limit are the taxes that you include on lines 5a, 5b, and 5c. Safe harbor for certain charitable contributions made in exchange for a state or local tax credit.

What is IRS schedule 5?

The purpose of Schedule 5 (Form 1040) is to allow taxpayers to report other payments and refundable credits that may impact their overall tax liability. This form helps to ensure that taxpayers do not overlook important credits available to them, which may ultimately reduce their tax burden.

What is a Schedule Five?

Schedule V Schedule V drugs, substances, or chemicals are defined as drugs with lower potential for abuse than Schedule IV and consist of preparations containing limited quantities of certain narcotics. Schedule V drugs are generally used for antidiarrheal, antitussive, and analgesic purposes.

Can you file form 8849 online?

At this point, the only Excise forms available for electronic filing are Form 2290, Heavy Highway Vehicle Use Tax; Form 720, Quarterly Federal Excise Tax; and Form 8849, Claim for Refund of Excise Taxes (Schedules 1, 2, 3, 5, 6 and 8).

What is a Schedule 5 8849?

Schedule 5 (Form 8849), Section 4081(e) Claim A person who has paid and reported a section 4081 tax to the government on taxable fuel uses Schedule 5 (Form 8849) to claim a refund of that tax if a prior section 4081 tax on that fuel has also been paid and reported to the government.

How often can you file form 8849?

You may file a refund claim for each of the first 3 quarters of your income tax year if the aggregate amount of refund claimed for these 3 quarters is at least $750. For the 4th quarter of your income tax year, you must claim the credit on Form 4136.

For pdfFiller’s FAQs

What is Schedule 5 (Form 8849)?

Schedule 5 (Form 8849) is a form used to claim a refund of excise taxes that were paid on fuel, specifically for certain non-taxable uses.

Who is required to file Schedule 5 (Form 8849)?

Schedule 5 (Form 8849) is typically filed by taxpayers who have paid excise taxes on fuel and wish to claim a refund for non-taxable uses, which may include businesses, governmental entities, and other eligible organizations.

How to fill out Schedule 5 (Form 8849)?

To fill out Schedule 5 (Form 8849), you must provide your personal information, details of the fuel used, the amount of excise tax paid, and specific non-taxable uses. Follow the form instructions carefully to ensure all required fields are completed.

What is the purpose of Schedule 5 (Form 8849)?

The purpose of Schedule 5 (Form 8849) is to facilitate the process for taxpayers to claim refunds for excise taxes paid on fuel that was used in ways that are exempt from these taxes.

What information must be reported on Schedule 5 (Form 8849)?

The information that must be reported on Schedule 5 (Form 8849) includes the taxpayer's name and address, the type and amount of fuel, the specific uses qualifying for the refund, amounts of excise tax paid, and any additional relevant details as specified in the form instructions.