Thursday, January 14, 2016

Biodiesel mixture and Alternative Fuel taxes

Notice 2016-05 provides rules for claimants to make one-time claims for the 2015 biodiesel mixture and alternative fuel excise tax credits that were retroactively extended by the Protecting Americans from Tax Hikes Act of 2015 (PATH Act), Pub. L. 114-113 Div. Q.  It also provides guidance for claimants to claim the other retroactively extended credits for 2015, including the alternative fuel mixture excise tax credit.
Notice 2016-05 will be published in Internal Revenue Bulletin 2016-06 on Feb. 8, 2016.