Form 8896 - Low Sulfur Diesel Fuel Production Credit Page 2
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Form 8896 (Rev. 1-2008)
Page
may become material in the
If you timely file your return without
Example. Your average daily domestic
administration of any Internal Revenue
making an election, you can still make
refinery runs were 165,000 barrels for
law. Generally, tax returns and return
the election by filing an amended return
the 1-year period ending on December
information are confidential, as required
with the statement within 6 months of
31, 2002. First divide 10,000 (your
by section 6103.
the due date of the return (excluding
excess over 155,000 barrels) by 50,000
extensions). Enter “Filed pursuant to
to get .2. Next subtract .2 from 1 to get
The time needed to complete and file
section 301.9100-2” on the amended
.8. Then multiply 25% by .8 to get 20%.
this form will vary depending on
return.
On line 3, enter 20% of the qualified
individual circumstances. The estimated
costs for the facility that produced the
burden for individual taxpayers filing this
Once made, the election cannot be
fuel reported on line 1.
form is approved under OMB control
revoked.
number 1545-0074 and is included in
Line 4
Line 1
the estimates shown in the instructions
Enter the total low sulfur diesel fuel
for their individual income tax return. The
Enter the number of gallons of diesel
production credits allowed for all prior
estimated burden for all other taxpayers
fuel produced with a sulfur content of 15
tax years (as determined for line 6).
who file this form is shown below.
parts per million or less.
Recordkeeping, 6 hr., 13 min.;
Line 3
Learning about the law or the form, 45
Paperwork Reduction Act Notice. We
min.;
ask for the information on this form to
On line 3, enter 25% of the qualified
Preparing and sending the form to the
carry out the Internal Revenue laws of
costs (defined above) for the facility that
IRS, 2 hr., 5 min.
the United States. You are required to
produced the fuel reported on line 1 if
give us the information. We need it to
your average daily domestic refinery
If you have comments concerning the
ensure that you are complying with
runs were not more than 155,000 barrels
accuracy of these time estimates or
these laws and to allow us to figure and
for the 1-year period ending on
suggestions for making this form
collect the right amount of tax.
December 31, 2002. If your average
simpler, we would be happy to hear
daily domestic refinery runs were more
from you. See the instructions for the tax
You are not required to provide the
than 155,000 barrels, the 25% is
return with which this form is filed.
information requested on a form that is
reduced (but not below zero) by
subject to the Paperwork Reduction Act
multiplying it by 1 minus your excess
unless the form displays a valid OMB
over 155,000 barrels divided by 50,000
control number. Books or records
barrels.
relating to a form or its instructions must
be retained as long as their contents
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