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Claiming the retroactive 2017 federal tax credit

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  • Claiming the retroactive 2017 federal tax credit

    For those CNG station owners who are eligible for the retroactive 2017 AFTC credit, a notice from the IRS yesterday indicates you may need to refile your 2017 tax credit claims. You need to use Form 8849 "Claim for Refund of Excise Taxes" to make the one-time claim. April 2 is the official start date for filing this, with Sept 29 being the closing date for filing.

    Details are here:
    https://www.irs.gov/pub/irs-drop/n-18-21.pdf

    Good luck, and go CNG!

    John Mitton

  • #2
    Nice! Hopefully going forward the excise tax rebate can be approved in advance not retroactively, the banks will be more eager to lend to the industry that way!

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