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Friday, May 24, 2013

IRS Grants Extrra Time to File for Fuel Tax Credits


By Notice 2013-26, issued last month, the federal Internal Revenue Service has granted extra time for those filing for 2012 fuel tax credits for biodiesel, biodiesel mixtures, alternative fuels (including propane used to power forklifts), and alternative fuel mixtures. 

These credits were extended by the American Taxpayer Relief Act of 2012 (the Fiscal Cliff legislation) until the end of this calendar year, and retroactively for calendar 2012. 

Seeing that the new legislation came shortly before, or even after, filing deadlines for 2012 use, IRS has extended those deadlines until July 1, 2013, subject to certain other requirements. 

See the Notice here: http://www.irs.gov/pub/irs-drop/n-13-26.pdf.

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