Get the free Schedule 1 (Form 8849)

This form is used by ultimate purchasers of certain fuels to make a claim for refund on nontaxable uses of gasoline, aviation gasoline, undyed diesel fuel, undyed kerosene, alternative fuel, and other

How to fill out schedule 1 form 8849

How to fill out Schedule 1 (Form 8849)

1. Begin by downloading Schedule 1 (Form 8849) from the IRS website.
2. Enter your name and address at the top of the form.
3. Provide your Employer Identification Number (EIN) or Social Security Number (SSN).
4. In Section A, select the type of claim you are filing: either 'Fuel Tax Credit' or 'Other Fuel Claims'.
5. Fill in the requested details regarding the fuel used, including the number of gallons and the type of fuel.
6. Calculate the total amount of your claim based on the gallons and applicable rates.
7. Review and double-check all entries for accuracy.
8. Sign and date the form.
9. Submit Schedule 1 (Form 8849) along with any additional required documentation to the IRS.

Who needs Schedule 1 (Form 8849)?

1. Businesses or individuals who have paid federal excise tax on fuels can use Schedule 1 (Form 8849) to claim exemptions or refunds.
2. Companies involved in agriculture, fishing, or other industries that use fuel in their operations may also need this form.
3. Anyone who wants to claim a credit for certain types of fuel used in a commercial vehicle must file this form.

People Also Ask about

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.

Can I fill out tax forms electronically?

Yes, you can file an original Form 1040 series tax return electronically using any filing status.

Can you file form 8949 electronically?

E-file. If you e-file your return but choose not to report each transaction on a separate row on the electronic return, you must attach Form 8949 to Form 8453 (or the appropriate form in the Form 8453 series) and mail the forms to the IRS. (However, you can't attach a paper Form 8949 to Form 8453-FE.)

What is a Schedule 1 form 8849?

Schedule 1 (Form 8849), Nontaxable Use of Fuels An ultimate purchaser of gasoline, gasohol, aviation gasoline, diesel fuel, kerosene, aviation fuel (other than gasoline), and liquefied gas (LPG) uses Schedule 1 to make a claim for refund.

Can form 8849 be filed electronically?

The general way to claim refunds of excise tax is done by Form 8849, which is reported on Form 2290. Taxpayers can follow the step-by-step process on Tax2efile's platform to e-file Form 8849, claiming refunds under various schedules.

How do I file a federal excise tax return?

Filing excise tax returns To report your excise tax liability, you must: Complete Form 720, Quarterly Federal Excise Tax Return. File Form 720 electronically for immediate acknowledgement of receipt and faster service with an IRS-approved software provider.

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 2 form 8849?

Schedule 2 (Form 8849) is typically filed by taxpayers who are eligible for specific fuel-related credits or refunds. The following entities are generally eligible to file Schedule 2: Registered ultimate vendors (retailers) of diesel fuel, kerosene, gasoline, aviation gasoline, or alternative fuels.

For pdfFiller’s FAQs

What is Schedule 1 (Form 8849)?

Schedule 1 (Form 8849) is a tax form used by taxpayers to claim refunds for certain excise taxes.

Who is required to file Schedule 1 (Form 8849)?

Any taxpayer who has overpaid excise taxes and wishes to receive a refund is required to file Schedule 1 (Form 8849).

How to fill out Schedule 1 (Form 8849)?

To fill out Schedule 1 (Form 8849), taxpayers must provide information including their contact details, details of the excise tax claimed, and the refund amount being requested.

What is the purpose of Schedule 1 (Form 8849)?

The purpose of Schedule 1 (Form 8849) is to facilitate the claim process for refunds of federal excise taxes paid in excess.

What information must be reported on Schedule 1 (Form 8849)?

Information that must be reported includes the taxpayer's name, address, Employer Identification Number (EIN) or Social Security Number (SSN), details of the tax for which a refund is being claimed, and the amount of the refund sought.