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January 27, 2023, Federal Energy Regulatory Commission 888 First Street, N.E. Washington, D.C. 20426 Attention: Ms. Kimberly D. Bose, Secretary Re:Quarterly Re computation of Fuel and Lost and Unaccounted
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How to fill out quarterly recomputation of fuel

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How to fill out quarterly recomputation of fuel

01
Gather all fuel purchase receipts for the quarter.
02
Calculate the total amount of fuel purchased in gallons.
03
Determine the amount of fuel used for non-taxable purposes, if any.
04
Calculate the taxable fuel gallons used for highway purposes.
05
Fill out the quarterly recomputation form with the calculated data.

Who needs quarterly recomputation of fuel?

01
Truck drivers who operate vehicles subject to federal excise tax on fuel.
02
Companies that own or operate commercial vehicles subject to federal excise tax on fuel.
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Quarterly recomputation of fuel is the process of reevaluating and adjusting the amount of fuel tax owed based on actual fuel usage.
Any individual or business that uses fuel for commercial purposes is required to file quarterly recomputation of fuel.
To fill out quarterly recomputation of fuel, you need to report the actual fuel usage for the quarter and calculate the amount of fuel tax owed based on the current fuel tax rate.
The purpose of quarterly recomputation of fuel is to ensure that the correct amount of fuel tax is paid based on actual fuel usage.
The information that must be reported on quarterly recomputation of fuel includes the total amount of fuel used, the type of fuel used, and the calculation of fuel tax owed.
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