Get the free Schedule 1 (Form 8849) (Rev. January 2009). Nontaxable Use of Fuels

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How to fill out schedule 1 form 8849

How to fill out schedule 1 form 8849?

1. Begin by entering your business name, address, and employer identification number on the top section of schedule 1 form 8849.
2. Fill out Part I of the form, which requires you to provide information about the claimant. Enter your name, address, and tax identification number. Indicate whether you are an individual, corporation, partnership, or other type of entity.
3. Proceed to Part II where you will report the type of claim and the periods to which the claim relates. This section requires you to specify the type of tax you are claiming a credit or refund for, such as gasoline, diesel fuel, or aviation gasoline. Indicate the quarter or month for which the claim is being made.
4. In Part III, you will calculate the claim amount. Provide the number of gallons or gallons equivalent for which you are claiming the credit or refund, along with the applicable tax rate.
5. If you are claiming a credit on biodiesel and alternative fuels, complete Part IV. Enter the gallons for which you are claiming the credit, multiplying it by the appropriate rate, and calculate the total amount of credit.
6. In Part V, provide any additional information related to the claim, such as any supporting documents or explanations.
7. Sign and date the form in Part VI.
8. Keep a copy of the completed form for your records.

Who needs schedule 1 form 8849?

1. Businesses that have purchased and used tax-paid fuels like gasoline, diesel fuel, or aviation gasoline for commercial purposes may need to file schedule 1 form 8849 to claim a credit or refund for the excise taxes paid on these fuels.
2. The form is typically used by taxpayers who are eligible for various fuel tax credits or refunds, including those using blended fuels, alternative fuel mixtures, or biodiesel.
3. Schedule 1 form 8849 is also used to claim tax refunds for certain types of vehicles and equipment used for off-highway business purposes, such as farming vehicles or dual-use heavy trucks.

Note: It is important to consult with a tax professional or refer to the official instructions provided by the IRS for specific guidance on filling out schedule 1 form 8849.

For pdfFiller’s FAQs

What is schedule 1 form 8849?

Schedule 1 form 8849 is a form used by taxpayers to claim certain fuel-related credits, refunds, and payments.

Who is required to file schedule 1 form 8849?

Those who need to claim fuel-related credits, refunds, or payments are required to file schedule 1 form 8849.

How to fill out schedule 1 form 8849?

To fill out schedule 1 form 8849, you need to provide information about the type of fuel, gallons claimed, tax paid, and other relevant details. It is recommended to consult the instructions provided by the IRS for detailed guidance.

What is the purpose of schedule 1 form 8849?

The purpose of schedule 1 form 8849 is to allow taxpayers to claim fuel-related credits, refunds, or payments, such as those related to fuel used in farming, business use of gasoline, or alternative fuel mixtures.

What information must be reported on schedule 1 form 8849?

On schedule 1 form 8849, you must report information such as the type of fuel, gallons claimed, tax paid, tax period, and any supporting documentation required by the IRS.

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