Alternative Fuels Credit for CNG and LNG. Frank Boland IRS Chief Counsel 202-622-3130 Frank.K.Boland@irscounsel.treas.gov. Overview. • The t ax Filing returns The credit Who’s eligible How to claim Recordkeeping Resources. The Tax. Federal taxing regime
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Alternative Fuels Creditfor CNG and LNG
IRS Chief Counsel
• The tax
How the CNG & LNGtaxes work
- For CNG, seller gives buyer written acknowledgment
Alternative Fuels CreditSAFETEA
What do I do?
The proper claimant
- For claims before 7/1/07, is registered for any fuel purpose
Form 637, Application for Registration (For Certain Excise Tax Activities)
How it works – step 1
• State and local govts. claim everything on Form 8849
How it works -- step 2