Get the free Schedule 5 (Form 8849)

This form is used to make a claim for refund of the second tax on various types of fuel sold or used before January 1, 2005. The claimant must provide details regarding the type of fuel, amount of

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. Fill in your name and address at the top of the form.
3. Enter your Employer Identification Number (EIN) or Social Security Number (SSN).
4. In Part I, choose the applicable refund type by checking the appropriate box.
5. Fill out columns A through D for each entry you are claiming a refund for. This includes the type of fuel, gallons used, and the amount of refund you’re claiming.
6. Calculate the total refund amount and enter it in the designated box.
7. Provide any necessary documentation to support your claim.
8. Sign and date the form at the bottom.
9. Mail the completed Schedule 5 (Form 8849) to the appropriate IRS address based on your state.

Who needs Schedule 5 (Form 8849)?

1. Individuals and businesses that claim a refund on certain fuels they have used, including some who have paid excise taxes on the fuel.
2. Entities that utilize fuel for non-taxable purposes and want reimbursement for taxes paid.

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 apply for a refund of certain excise taxes paid on fuels, specifically for the credit or refund of diesel fuel and kerosene used for certain non-taxable purposes.

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

Individuals or businesses that have paid excise tax on fuel used for certain non-taxable purposes, such as farming, certain construction activities, or other exempt uses, are required to file Schedule 5 (Form 8849).

How to fill out Schedule 5 (Form 8849)?

To fill out Schedule 5 (Form 8849), taxpayers should provide their personal or business information, report the total gallons of fuel for which they are seeking a refund, indicate the specific non-taxable use, and attach any required documentation as specified by the IRS instructions.

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

The purpose of Schedule 5 (Form 8849) is to allow taxpayers to claim refunds for excise taxes paid on fuel that was used for qualifying non-taxable purposes, thereby reducing their overall tax liability.

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, address, Employer Identification Number (EIN) or Social Security Number (SSN), the types and quantities of fuel used, the total amount of excise tax paid, and the specific non-taxable purpose for which the fuel was used.