Get the free Schedule 5 (Form 8849)

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

How to fill out schedule 5 form 8849

How to fill out Schedule 5 (Form 8849)

1. Obtain a copy of Schedule 5 (Form 8849) from the IRS website or a tax professional.
2. Ensure you have all necessary supporting documentation for the claims you're making.
3. Fill in your personal information at the top of the form, including your name, address, and taxpayer identification number.
4. In the designated section, indicate which type of credit or refund you are claiming.
5. List the specific claims you are making for each line item, ensuring you provide accurate descriptions and amounts.
6. Double-check calculations and total amounts to ensure accuracy.
7. Sign and date the form at the bottom.
8. Submit the completed form to the designated IRS office by mail, or file it electronically if applicable.

Who needs Schedule 5 (Form 8849)?

1. Individuals or entities that have overpaid tax on their fuel or have a claim for a refund for special circumstances related to fuel taxes generally need to fill out Schedule 5 (Form 8849).

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 tax form used by businesses and individuals to claim a credit or refund for certain fuel taxes.

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

Taxpayers who have paid certain excise taxes on fuel used in specific situations, such as for certain agricultural purposes or in non-highway vehicles, are required to file Schedule 5 (Form 8849).

How to fill out Schedule 5 (Form 8849)?

To fill out Schedule 5 (Form 8849), taxpayers need to provide details about the type of fuel, the quantity used, the amount of tax paid, and the reason for claiming the credit or refund. The form must be completed accurately and submitted with the appropriate tax return.

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

The purpose of Schedule 5 (Form 8849) is to allow taxpayers to recover certain federal excise taxes paid on fuels used in ways that qualify for a refund or credit, thereby reducing the overall tax burden on eligible activities.

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, the type and gallons of fuel, the amount of excise tax paid, and details on the claim being made for refund or credit.