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Recent Fuel Tax questions

I am trying to correct an error on a 1120S 2013 return. A

I am trying to correct an error on a 1120S 2013 return. A credit on form 4136 was claimed for gasoline fuel, which was sold by an ultimate vendor. I believe this is incorrect. How can I correct it and correctly file for the credit.

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

8,936 satisfied customers
I was a member of an LLc in Texas . Today I have received an

I was a member of an LLc in Texas . Today I have received an email from the attorney General requesting to pay for the delinquent Fuel tax own by the LLC. I am liable for this tax? if I cannot pay it can they come after by home and bank account ?

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Barbara

Enrolled Agent, Paralegal

4,992 satisfied customers
We have an agricultural exemption which stipulates profit

We have an agricultural exemption which stipulates profit must be the goal. We loan our land to two young cowboys for grazing cattle during the summer and fall months. What expenses should we be concerned about including on any reporting and what reporting form is that? A Schedule C?

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Jesse Handel

Tax Preparer and Chemist

Bachelor's Degree

396 satisfied customers
I have a trucking company, fuel is a very big expense in

hello i have a trucking company, fuel is a very big expense in this industry, almost half the gross goes to fuel and expenses, last year i was leased on and working with another company , they where responsible for filling fuel tax, so i gave them allmy fuel receipts as the came in and where filled in the there filling cabinets , well all paperwork ended up thrown out and now i don't have any fuel receipts for last year , how am i suppose to fill, what are my options? the fuel was paid in cash mostly bywhat are called express codes, when a load is picked up we can get 50% of the load for fuel and that is issued through express codes which are codes we can use like cash, and that is how we paid for gas so no card or bank records

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PDtax

Owner

Master's Degree

6,858 satisfied customers
A "vehicle" is defined by the state as an automobile operate

A "vehicle" is defined by the state as an automobile operated upon state roads for hire.A gas tax is applied to fuel used in this privileged licensed commercial enterprise,Is it possible to get a refund for gas taxes paid to the state if one only uses his personal transportation for non commercial travel?

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Barbara

Enrolled Agent, Paralegal

4,992 satisfied customers
K-1 with multiple states; I have gross receipts associated

k-1 with multiple states; I have gross receipts associated with 30 states but Net Ordinary income of $1 or less. Do I need to file with all states? Where does the Gross Receipts get reported?

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PDtax

Owner

Master's Degree

6,858 satisfied customers
I have a client that has a vehicle transport business. The

I have a client that has a vehicle transport business. The IRS guide is very confusing on this matter. Is this something that will benefit them to take advantage of? They transport vehicles around the country.

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PDtax

Owner

Master's Degree

6,858 satisfied customers
On form 4136, line 1, column , I cannot find the rate which

On form 4136, line 1, column b, I cannot find the rate which is needed to determine my fuel tax credit for my 2014 federal taxes. I am a commercial fisherman whcih puts me in 'use type 4'. The rate is not on the form, IRS isn't answering the help line, and I cannot find it anywhere I have looked on line. Anyone know the rate?

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Robin D.

Vocational, Technical or Trade School

20,922 satisfied customers
Can someone explain to me when will a company be subject to

Can someone explain to me when will a company be subject to IFTA? We are located in California. How is IFTA calculated?

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Robin D.

Vocational, Technical or Trade School

20,922 satisfied customers
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