Easily File Your Sales by Registered
Ultimate Vendors of Undyed Diesel
Fuel Claim with Simple720!
- Smooth and hassle-free filing process from start to finish
- Quick and accurate e-filing with automated validation checks
- Safe, 24/7 access to manage and submit your claim online
What is Sales by Registered Ultimate Vendors of Undyed Diesel Fuel(7) under Schedule C Claim of Form 720?
The Registered Ultimate Vendor of undyed diesel fuel(7) may file a claim for the excise tax previously paid on fuel sold to eligible buyers. The fuel must have been sold for exclusive use by a state or local government, including essential government use by an Indian tribal government. Only one claim can be filed for any gallon of diesel fuel.
The registered ultimate vendor of the diesel is eligible to make the claim, provided they have obtained the required certificate from the buyer and have no reason to believe any information in the certificate is false. Refer to Model Certificate P in Pub. 510.
The registered ultimate vendor may file a claim under Line 7b only if the buyer waives their right to make the claim by providing an unexpired waiver to the vendor. Refer to Model Waiver N in Pub. 510.
- Line 7a: Eligible for a claim at $0.243 per gallon for fuel used by a state or local government (including essential government use by an Indian tribal government).
- Line 7b: Eligible for a claim at $0.17 per gallon for fuel used in certain intercity and local buses.
- Claim Period: The claim must be based on diesel fuel sold during a period of at least one week. This requirement will generally be met for quarterly claims filed on Form 720.
- Minimum Claim Amount: The total claim must be at least $200. To meet this minimum, amounts from Lines 7, 8, and 9 can be combined.
- Filing Deadline: Claims must be filed by the last day of the first quarter following the earliest quarter of the claimant's income tax year included in the claim. For a calendar year taxpayer, the claim for the first quarter is due by April 30 when using Form 720.
- Exclusive for Line 7b: The registered ultimate vendor must obtain an unexpired waiver from the buyer, waiving their right to make the claim. This is required for Line 7b claims and is outlined in Model Waiver N in Pub. 510.
Why File Electronically for Sales by Registered Ultimate Vendors of Undyed Diesel Fuel(7) with Simple720?
How to Claim Your Sales by Registered
Ultimate Vendors of Undyed Diesel Fuel(7)
Effortless Filing Process
Simple720 made filing my claim for sales of undyed diesel fuel incredibly straightforward. The step-by-step process guided me through each section with ease, ensuring everything was filed accurately without confusion.
User-Friendly Experience
Filing my claim was a breeze with Simple720's intuitive interface. The platform's clear design allowed me to navigate the process with ease, ensuring I didn’t miss any critical details.
Instant Confirmation
I was thrilled to receive immediate confirmation after submitting my claim for undyed diesel fuel sales. The quick acknowledgment gave me peace of mind that everything was processed correctly.
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