FYI

Imminent Deadline for Propane Tax Credits

The deadline to file for the 2010 Alternative Fuel Tax Credits is Monday, August 1, 2011.  These tax credits available for forklift operators and some others that use propane as an engine fuel are part of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.  The credit provides $0.50 for every gallon of propane used to fuel forklifts in 2010 and through all of 2011.  For more details please read our blog article Tax Time Reminders – Credits for Propane Forklift Users and review all relevant IRS forms including Form 4136 for specific information at http://www.irs.gov/formspubs/index.html.

We have to remind you that this discussion is for information purposes only.  As such, the discussion is not intended, and cannot be relied upon, as tax advice.  We urge all businesses and consumers to consult their own tax advisers regarding claims or refunds.

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