TAX FILE: IRS helps truckers in Florida

Oct. 1, 2004
The IRS frequently allows taxpayers in the path of a natural disaster to defer filing and paying some taxes. In fact, the homepage of www.irs.gov recently featured a link to several announcements specifying the areas, dates, and types of relief from this year's hurricanes. Hurricanes Charley and Frances, which caused critical shortages of motor fuel in Florida, triggered a new form of relief. In Announcement

The IRS frequently allows taxpayers in the path of a natural disaster to defer filing and paying some taxes. In fact, the homepage of www.irs.gov recently featured a link to several announcements specifying the areas, dates, and types of relief from this year's hurricanes.

Hurricanes Charley and Frances, which caused critical shortages of motor fuel in Florida, triggered a new form of relief. In Announcement 2004-70, the IRS said that from September 2 to 15, truckers in Florida could use dyed diesel fuel without incurring the usual $10/gal. penalty. Dyed fuel is normally sold tax-free and is limited to off-highway use. Sellers have until October 31 to report and pay the 24.4c/gal. federal tax due on highway diesel.

Carriers operating in an area where storms create severe shortages of clear diesel should check the IRS website to see if this type of relief is granted again.

About the Author

KEN SIMONSON

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...

Fleet Industry Benchmarks: How does your fleet stack up?

Discover how your fleet compares to industry benchmarks and gain insights from a 2024 Benchmarking Report on maintenance spend, turnaround time, and more. Join us to identify ...

Build a Tolling Program to Manage Toll Fees and Risks

Fleets looking to effectively manage their operational costs should consider their tolling costs. Download the PrePass whitepaper, “Build a Tolling Program to Manage Toll Fees...

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...