IRS Issues Forms for Biodiesel Tax Credit Claims

The Internal Revenue Service (IRS) has released forms that biodiesel blenders can use to file claims for the $1.00/gallon biodiesel blender credit. One form is for retroactive 2015 claims, and the other is for 2016 claims. Claims for biodiesel blends created in 2016 must be filed separately from retroactive clems for belnds created in 2015.
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  • 2016-03-07
 

The Internal Revenue Service (IRS) has released forms that biodiesel blenders can use to file claims for the $1.00/gallon biodiesel blender credit. One form is for retroactive 2015 claims, and the other is for 2016 claims. Claims for biodiesel blends created in 2016 must be filed separately from retroactive claims for blends created in 2015.   

2015 Claims -- Biodiesel blenders may use IRS Form 8849 Schedule 3. (Rev. January 2015) to file a one-time claim for 2015 retroactive biodiesel credits. Blenders must consolidate all 2015 biodiesel blender credits into a single claim. The "period of claim" for this form is 01/01/2015 - 12/31/2015.  The IRS has requested that claimants hand-write in the top margin of this form: "2015 Retroactive Biodiesel Blender Credit Claim." 2015 claims must be submitted on or before Aug. 8, 2016. The IRS may not accept any claims for 2016 retroactive credits filed after that date.
 
2016 Claims -- Biodiesel blenders may use IRS Form 8849 Schedule 3 (2016) to file a claim for biodiesel blends created during calendar year 2016.
 
Please contact NATSO's Legislative and Regulatory Counsel David Fialkov (dfialkov@natso.com) with any questions.

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