FAQs - IRS addresses how to claim biodiesel and alternative fuel tax credits retroactively 

February 1: The IRS posted a list of “frequently asked questions” (FAQs) addressing how taxpayers may claim certain biodiesel and alternative fuel tax credits that expired December 31, 2011, and that were retroactively extended by legislation enacted on January 2, 2013.

The American Taxpayer Relief Act of 2012 retroactively extended the biodiesel mixture credit, biodiesel credit, alternative fuel credit, and the alternative fuel mixture credit for 2012 and 2013. These fuel tax credits are now scheduled to expire on December 31, 2013.


The FAQs (January 31, 2013) advise taxpayers how to claim the credits for qualifying sales or uses during 2012, and also describe changes to the cellulosic biofuel credit for 2013.




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