IRS expands penalty relief for dyed diesel fuel in Florida; hurricane-related relief
Penalty relief expands previously issued penalty relief that applied only to emergency vehicles
IRS expands penalty relief for dyed diesel fuel in Florida
The IRS today—in response to continued disruptions resulting from Hurricane Ian—announced that it will not impose a penalty when dyed diesel fuel with a sulfur content that does not exceed 15 parts-per-million is sold for use or used on the highway in the state of Florida. This penalty relief expands previously issued penalty relief that applied only to emergency vehicles. Read TaxNewsFlash
Today’s IRS release—IR-2022-177 (October 11, 2022)—explains that the penalty relief is available to any person that sells or uses dyed diesel fuel for highway use. The relief is effective as of September 28, 2022, and will remain in effect through October 19, 2022.
For more information, contact a tax professional with KPMG’s Excise Tax Practice group:
Taylor Cortright | +1 (202) 533 6188 | tcortright@kpmg.com
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