close
Share with your friends

Deadline for 2017 biodiesel and alternative fuel incentives September 29

Deadline for biodiesel, alternative fuel incentives

Taxpayers need to be aware that the deadline for making a one-time claim for 2017 biodiesel and alternative fuel incentives is September 29, 2018.

1000

Related content

The IRS in March 2018 issued Notice 2018-21 as guidance for claimants to follow in filing claims for 2017 biodiesel and alternative fuel incentives. One option is to claim the incentive as an excise tax payment. This payment may be made as a “one-time claim.” Notice 2018-21 states that all one-time claims for 2017 biodiesel and alternative fuel incentives must be filed on or before September 29, 2018. Read TaxNewsFlash

If the one-time claim is not made by September 29, 2018, the 2017 biodiesel and alternative fuel mixture incentives may be claimed on the taxpayer’s income tax return.

 

For more information, contact a tax professional with KPMG’s Excise Tax Practice group:

Taylor Cortright | +1 (202) 533 6188 | tcortright@kpmg.com

Deborah Gordon | +1 (202) 533 5965 | dkgordon@kpmg.com

© 2019 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.KPMG International Cooperative (“KPMG International”) is a Swiss entity.

Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal