Blender’s Credit Refunds
Posted on February 26, 2013
We were able to apply the “Blender’s credit” as a refundable credit on Form 8843, Schedule 3 for a bio-fuels client. Most believe that this credit can only be taken against excise taxes due, but certain qualified bio-fuel blends can actually apply this as a refundable credit, even if no excise taxes are due. This credit expired at the end of 2009, but Congress is considering an extension of the credit and we are monitoring the progress of this legislation for our other related industry clients.
Return to All