Undyed kerosene is usually taxed when it is used in aviation or other taxable fuel applications. But, when the same fuel is put to non-transport or exempt activities, the IRS provides businesses with the possibility to get back the tax paid.
But this tax recovery is not an automatic process - it has to be done through proper IRS reporting, mainly by the use of Form 720 with its Schedule C attachment.
Schedule C is primarily a part of Form 720 that helps in reporting credits related to federal excise taxes, including non-taxable fuel usage credits.
Records credits for undyed kerosene used in qualifying activities.
Calculation is made based on IRS-approved fuel tax rates
Offset excise tax liability is reported on Form 720
Schedule C must be attached when filing Form 720 quarterly
Schedule C identifies the type of fuel and the eligible gallons used
It calculates the allowable credit using IRS fuel tax rates
IRS authorizes the businesses either to offset excise tax liability or to request a refund, depending on the fuel usage.
Gather fuel purchase invoices with gallon quantities
Make sure that the information of the supplier/vendor is properly recorded.
Verify the accuracy of the data, including the date.
Separate the non-taxable and taxable kerosene consumption.
Determine what is eligible, such as heating or off-road equipment.
Keep a record of the various types of fuel used.
Calculate the cumulative qualifying gallons.
IRS Rate: Multiply the eligible gallons by $0.244.
Make sure that there are no discrepancies between the calculations and the actual data.
Enter fuel type and eligible gallons in Schedule C
Report and calculate the total number of credits.
Attach Schedule C to your quarterly Form 720
File Form 720 electronically via an IRS-authorized provider
Get IRS acknowledgment upon successful filing.
Save the confirmation of the submission of Form 720
| Form Name | IRS Number | Use Case | Frequency |
|---|---|---|---|
| Quarterly Excise Tax Return | Form 720 | Reports tax and credits | Quarterly |
| Excise Tax Credit Schedule | Schedule C (Form 720) | Reports fuel credits | Quarterly |
| Refund Claim Form | Form 8849 | Claims refunds | As Needed |
| Fuel Refund Schedule | Schedule 1 (Form 8849) | Fuel-specific refunds | As Needed |
| Fuel Category | Federal Tax Rate |
|---|---|
| Undyed Kerosene | $0.244 per gallon |
Quick IRS Processing
Instant Acknowledgment
Automated Credit Calculation
Minimized Inaccuracies
Secure Data Submission
Authorized IRS E-Filing Sites
Tracking of Fuel Usage
Easy Access to Previous Filings
Separate highway and non-highway fuel usage
Do not make an assumption: document your use of fuel with a log
File quarterly even if claiming only credits
All records must be kept for AT LEAST 4 years.
Submit your Schedule C (Form 720), enter the gallons qualifying for a credit, and file electronically with Efile720, a secure IRS-authorized e-file provider.
File Form 720 NowIt is the use of kerosene for heating, equipment, etc., on which the federal fuel tax is not applicable.
You should file Schedule C with Form 720, or 8849 if claiming a refund.
The federal excise tax on undyed kerosene is $0.244 per gallon.
Yes, you can e-file your Form 720 with Schedule C through an IRS-authorized e-file provider to ensure quick processing.