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Old 07-25-2012, 11:34 PM
homecutspro1 homecutspro1 is offline
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Gasoline tax exemption

I'm trying to find some information on whether the gasoline i use in my lawn equipment would be eligible for being exempted from the additional tax that is figured into the price of a gallon of gasoline. Since the lawn equipment is not used on the road, it should be exempt from Highway Use Tax. Is there a tax form from the IRS?
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Old 07-26-2012, 08:33 AM
rlitman rlitman is online now
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The form:
http://www.irs.gov/pub/irs-pdf/f4136.pdf

The instructions for the form:
http://www.irs.gov/pub/irs-pdf/i4136.pdf

Use type "2":
Off-highway business use (for business use other than in a highway vehicle registered or required to be registered for highway use)

You must retain receipts for the fuel purchased. They need to state the number of gallons (what you paid is irrelevant to this), where you bought it, and when. You will need to separate receipts between on-road, and off-road use gasoline, because you cannot claim the credit on fuel that went into an on-road vehicle.

Last edited by rlitman; 07-26-2012 at 08:39 AM.
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  #3  
Old 07-26-2012, 09:28 AM
Mark Oomkes Mark Oomkes is online now
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Just don't do what this guy did:

http://blog.mlive.com/kzgazette/2008...office_of.html

http://whtc.com/news/articles/2012/j...ling-millions/
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Old 07-26-2012, 04:04 PM
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Mahoney3223 Mahoney3223 is offline
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when keepin it real goes wrong
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Old 07-27-2012, 01:06 PM
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JContracting JContracting is offline
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That explains why Torco Racing Fuels all the sudden stopped being the title sponsor for one of the Honda Teams (motocross). He's screwed. After reading those articles, his life was a blast for a year or two but it's done now, he'll probably die in jail.
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Old 07-27-2012, 01:15 PM
Mark Oomkes Mark Oomkes is online now
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Quote:
Originally Posted by JContracting View Post
That explains why Torco Racing Fuels all the sudden stopped being the title sponsor for one of the Honda Teams (motocross). He's screwed. After reading those articles, his life was a blast for a year or two but it's done now, he'll probably die in jail.
What's amazing (or frustrating) is that it took 4 years to unravel the whole mess.

I had forgotten all about it from '08, then saw this on the news the other day.
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Old 07-27-2012, 01:59 PM
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JContracting JContracting is offline
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Torco was a sponsor in 07 (maybe) and through 08, but after that I think it was all done. It was very smart (not really, I'd call it creative) to make fake sales of the fuel to get the tax credit, but very dumb to dry to beat the govt, you'll never win against the IRS.
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'01 Chevy 2500 HD ECLB w/ 8.1 - 06 Tow Mirrors, 285s, 17" MB Chaos Wheels, Torsions Cranked, Airlift Airbags
2014 Diamond Cargo 8.5' x 20' Enclosed Trailer - Fully Loaded Interior
Exmark Lazer Z X-Series 52" w/ Ultravac
Exmark TTHP 36"
225 Gal MN Wanner Skid Sprayer
8' Boss RT3 Straight Blade

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