Form Afcr - Alternative Fuel Credit - 2012 Page 2
Download a blank fillable Form Afcr - Alternative Fuel Credit - 2012 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form Afcr - Alternative Fuel Credit - 2012 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2Form AFCR Instructions
Alternative Fuel means natural gas, liquefied petroleum
credit, the motor vehicle must be licensed in Montana at the
gas, liquefied natural gas, hydrogen, electricity or any other
time of conversion.
fuel if at least 85% (0.85) of the fuel is methanol, ethanol or
If the credit exceeds my tax liability, can I carry any
other alcohol, ether, or any combination of these.
excess credit to another tax year?
Who can claim this credit?
No, you cannot. Your credit can only be claimed in the year
An individual, corporation, partnership, or S corporation
the conversion is made and cannot exceed your tax liability.
that converts a vehicle that is licensed in Montana from
Questions? Please call us toll free at (866) 859-2254 (in
operating on gasoline to operating on an alternative fuel is
Helena, 444-6900).
entitled to the credit.
What information do I have to include with my tax
return when I claim this credit?
• Individuals. If you are filing a paper return, include a
copy of Form AFCR with your individual income tax
return.
• C corporations. If you are filing a paper return, include
a copy of Form AFCR with your corporation license tax
return.
• S corporations and partnerships. If you are an
entity taxed as an S corporation or a partnership and
are claiming this credit, include Form AFCR with your
Montana information return Form CLT-4S or PR-1 and
include a separate statement identifying each owner
and their proportionate share.
You will need to complete a separate Form AFCR for each
source you are receiving the credit from. For example, if
you are a partner in one partnership that qualifies for this
credit, and you, as an individual, also qualify for this credit,
you would need to complete two forms.
If you file electronically, you do not need to mail this form to
us unless we contact you for a copy.
Part I. Partners in a Partnership or Shareholders of an
S Corporation
If you complete Part I, do not complete Part II.
How do I claim my credit when I am a partner or
shareholder in a partnership or S corporation that
converted the vehicle?
If you received this credit from a partnership or S
corporation, you will need to fill out Part I in its entirety.
Your portion of the credit can be obtained from the Montana
Schedule K-1 that you received from the entity. In addition
to reporting your portion of the credit, you will need to
provide the partnership’s or S corporation’s name and
Federal Employer Identification Number.
If you are a partner or shareholder in more than one
partnership or S corporation, you will need to complete a
separate Form AFCR for each entity you are receiving the
credit from.
Part II. Credit Computation
If you complete Part II, do not complete Part I.
Can I claim this credit if the conversion of the vehicle
was performed at a location outside of Montana?
The location of the conversion does not affect whether the
vehicle is eligible for the credit. In order to qualify for the
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial