Instructions For Form 720 - Quarterly Federal Excise Tax Return (Page 17 of 20) in pdf

12. For type of use 5, the claim rate is $.124 (CRN 309). For

income taxpayer's claim for the first quarter is due June 30 if

type of use 3 (exported), the claim rate is $.198 (CRN 306)

filed on Form 8849. However, Form 720 must be filed by April

and is reported on line 14d.

30.

4. The claimant must enter its registration number on

The claim rate for undyed diesel taxed at $.244 (CRN 310)

line 14e, the amount of the claim, and the applicable CRN

and used to produce a diesel-water emulsion is $.046 per

(see Allowable sales, earlier). If the claim is for more than

gallon of diesel so used (blender claims). The claimant must

one fuel, use the blank lines 14i–14k, or attach a separate

attach a statement certifying that (a) the claimant produced a

sheet listing the fuels, amount, and CRN.

diesel-water emulsion containing at least 14% water; (b) the

If requirements 1–3 above are not met, see Annual

emulsion additive is registered by a U.S. manufacturer with

Claims, later. However, annual claims cannot be made for

the EPA under the Clean Air Act, section 211 (as in effect on

gasoline and aviation gasoline.

March 31, 2003); (c) the claimant used undyed diesel taxed

at $.244 to produce the diesel-water emulsion; and (d) the

Claim rates. The claim rates are shown below.

claimant sold or used the diesel-water emulsion in the

blender's trade or business. The blender claimant must be

CRN

Claim Rate

registered by the IRS and must enter their registration

number on line 14d and enter the applicable CRN.

324

$.193

Claim requirements. See Claim requirements for lines 1–6

346

.243

and lines 14b–14d, earlier.

360

.243

362

.183

Line 14e. Registered Credit Card Issuers

369

.218

Allowable sales. The gasoline (CRN 362), aviation

gasoline (CRN 324), diesel (CRN 360), kerosene (CRN 346),

or kerosene for use in aviation (CRN 369) must have been

Annual Claims

purchased with a credit card issued to the ultimate purchaser

during the period of claim:

If a claim on lines 1–9 or 14b–14e was not made for any

For gasoline or aviation gasoline, for the exclusive use by

gallons, an annual claim may be made (exception: alternative

a state or local government (including essential government

fuel mixtures produced after December 31, 2011). Generally,

use by an Indian tribal government) or for the exclusive use

an annual claim is made on Form 4136 for the income tax

of a nonprofit educational organization; or

year during which the fuel was used by the ultimate

For diesel, kerosene, or kerosene for use in aviation, for

purchaser, sold by the registered ultimate vendor, used to

the exclusive use by a state or local government (including

produce a mixture, or used in mobile machinery. See Form

essential government use by an Indian tribal government).

4136 for more information.

Claimant. The registered credit card issuer is the only

Lines 14f–14h. Tire Credits

person eligible to make this claim if the credit card issuer:

1. Is registered by the IRS;

A credit or refund (without interest) is allowable on tax-paid

tires if the tires have been:

2. Has not collected the amount of tax from the ultimate

Exported;

purchaser or has obtained the written consent of the ultimate

Sold to a state or local government for its exclusive use;

purchaser to make the claim;

Sold to a nonprofit educational organization for its

3. Certifies that it has repaid or agreed to repay the

exclusive use;

amount of tax to the ultimate vendor, has obtained the written

Sold to a qualified blood collector organization for its

consent of the ultimate vendor to make the claim, or has

exclusive use in connection with a vehicle the organization

otherwise made arrangements which directly or indirectly

certifies will be primarily used in the collection, storage, or

provide the ultimate vendor with reimbursement of the tax;

transportation of blood;

and

Used or sold for use as supplies for vessels; or

4. Has in its possession an unexpired certificate from the

Sold in connection with qualified intercity, local, or school

ultimate purchaser and has no reason to believe any of the

buses.

information in the certificate is false. See Model Certificate R

in Pub. 510.

Also, a credit or refund (without interest) is allowable on

tax-paid tires sold by any person on, or in connection with,

If any one of these conditions is not met, the credit card

any other article that is sold or used in an activity listed

issuer must collect the tax from the ultimate purchaser and

above.

only the ultimate purchaser can make the claim.

The person who paid the tax is eligible to make the claim

Claim requirements. The following requirements must be

and must include:

met.

A detailed description of the claim,

1. The claim must be for gasoline, aviation gasoline,

Any additional information required by the regulations,

diesel, kerosene, or kerosene for use in aviation sold during a

How you figured the claim amount,

period that is at least 1 week.

Any other information to support the claim, and

2. The amount of the claim must be at least $200 ($100

The number of tires claimed for each credit reference

for kerosene or kerosene for use in aviation).

number.

3. Claims must be filed by the last day of the first quarter

following the earliest quarter of the claimant's income tax

year included in the claim. For example, a calendar year

-17-

Instructions for Form 720 (Rev. 4-2017)

Instructions For Form 720 - Quarterly Federal Excise Tax Return Page 17

Related Articles

Related forms

Related Categories