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firestar503(at)yahoo.com
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 Posted: Wed Mar 11, 2009 11:45 am Post subject: Fuel tax credit for MOGAS burned in aircraft |
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Dear Flying Friends,
Tax time is here again and I just thought a reminder about fuel tax would be a good idea.
If you use mogas in your plane, the federal folks will issue a tax credit which means that each dollar of credit reduces your income tax by one dollar. You just fill out form #4136 and enter the amount on line 68 of your 1040 tax return.
If you live in Minnesota, the state will refund you $.15 for each gallon you have burned in your plane. The Minnesota form is "PDR-1 AV." Fill our PDR-1 AV and send it in with the ACTUAL receipts and the nice folks in St. Paul will send you money back. Be sure you have your form in by April 15, 2009. Other states probably have similar refunds.
Hope this is helpful to someone
Jon L.
[quote][b]
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herbgh(at)nctc.com
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| Posted: Wed Mar 11, 2009 12:09 pm Post subject: Fuel tax credit for MOGAS burned in aircraft |
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then they might get the idea that we have an airplane on which we could owe tax of some sort!!  Herb
At 02:43 PM 3/11/2009, you wrote:
[quote] Dear Flying Friends,
Tax time is here again and I just thought a reminder about fuel tax would be a good idea.
If you use mogas in your plane, the federal folks will issue a tax credit which means that each dollar of credit reduces your income tax by one dollar. You just fill out form #4136 and enter the amount on line 68 of your 1040 tax return.
If you live in Minnesota, the state will refund you $.15 for each gallon you have burned in your plane. The Minnesota form is "PDR-1 AV." Fill our PDR-1 AV and send it in with the ACTUAL receipts and the nice folks in St. Paul will send you money back. Be sure you have your form in by April 15, 2009. Other states probably have similar refunds.
Hope this is helpful to someone
Jon L.
[b]
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John Hauck
Joined: 09 Jan 2006
Posts: 4639
Location: Titus, Alabama (hauck's holler)
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Dana
Joined: 13 Dec 2007
Posts: 1047
Location: Connecticut, USA
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| Posted: Wed Mar 11, 2009 2:05 pm Post subject: Fuel tax credit for MOGAS burned in aircraft |
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As much as I delight in getting _anything_ back from the crooks in Washington, I don't see anything in the form or its instructions that indicates that sport aviation is a non taxable use of mogas.
-Dana
At 03:43 PM 3/11/2009, Jon LaVasseur wrote:
| Quote: | Dear Flying Friends,
Tax time is here again and I just thought a reminder about fuel tax would be a good idea.
If you use mogas in your plane, the federal folks will issue a tax credit which means that each dollar of credit reduces your income tax by one dollar. You just fill out form #4136 and enter the amount on line 68 of your 1040 tax return.
If you live in Minnesota, the state will refund you $.15 for each gallon you have burned in your plane. The Minnesota form is "PDR-1 AV." Fill our PDR-1 AV and send it in with the ACTUAL receipts and the nice folks in St. Paul will send you money back. Be sure you have your form in by April 15, 2009. Other states probably have similar refunds.
Hope this is helpful to someone
Jon L.
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A seminar on Time Travel will be held two weeks ago. [quote][b]
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lcottrell
Joined: 29 May 2006
Posts: 1494
Location: Jordan Valley, Or
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| Posted: Wed Mar 11, 2009 3:35 pm Post subject: Fuel tax credit for MOGAS burned in aircraft |
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Jon,
Are either you or your wife's cookies going to be in MV this year?
Larry
[quote] ---
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russ(at)rkiphoto.com
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| Posted: Wed Mar 11, 2009 4:08 pm Post subject: Fuel tax credit for MOGAS burned in aircraft |
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DanaFWIW, long ago while swordfish-spotting out of Westerly, I got quite a good bunch of $$ out of the RI croox/collectors by sending in my avgas receipts -- was then 10c a gallon. CT then had no such refund of avgas, bought for 'road use' but not used for 'road use'. I do realize this wasn't really 'sport aviation' but the tax buffos prolly didn't realize the difference.
Guess it couldn't last. Too sensible.
Russ
do not archive
On Mar 11, 2009, at 5:59 PM, Dana Hague wrote:
[quote] As much as I delight in getting _anything_ back from the crooks in Washington, I don't see anything in the form or its instructions that indicates that sport aviation is a non taxable use of mogas.
-Dana
At 03:43 PM 3/11/2009, Jon LaVasseur wrote:
| Quote: | Dear Flying Friends,
Tax time is here again and I just thought a reminder about fuel tax would be a good idea.
If you use mogas in your plane, the federal folks will issue a tax credit which means that each dollar of credit reduces your income tax by one dollar. You just fill out form #4136 and enter the amount on line 68 of your 1040 tax return.
If you live in Minnesota, the state will refund you $.15 for each gallon you have burned in your plane. The Minnesota form is "PDR-1 AV." Fill our PDR-1 AV and send it in with the ACTUAL receipts and the nice folks in St. Paul will send you money back. Be sure you have your form in by April 15, 2009. Other states probably have similar refunds.
Hope this is helpful to someone
Jon L.
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A seminar on Time Travel will be held two weeks ago. | Quote: |
href="http://www.matronics.com/Navigator?Kolb-List">http://www.matronics.com/Navigator?Kolb-List
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John Hauck
Joined: 09 Jan 2006
Posts: 4639
Location: Titus, Alabama (hauck's holler)
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ces308
Joined: 03 Nov 2008
Posts: 317
Location: houghton lake ,mi
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| Posted: Wed Mar 11, 2009 6:11 pm Post subject: Re: Fuel tax credit for MOGAS burned in aircraft |
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It's true! In Michigan we got .16 a gallon back from the state ...you had to send the original receipt with a form the state gave you then they send you a check! Feds gave back .14 at tax time for the year.Just put in what you claimed for the state. It's the road tax you are getting back...don't get caught putting it in your car though...
chris ambrose
m3x-jab
N327CS
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lcottrell
Joined: 29 May 2006
Posts: 1494
Location: Jordan Valley, Or
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| Posted: Wed Mar 11, 2009 7:36 pm Post subject: Fuel tax credit for MOGAS burned in aircraft |
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I'm surprised that Boyd didn't chip in as well.
Larry
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NeilsenRM(at)comcast.net
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| Posted: Thu Mar 12, 2009 5:09 am Post subject: Fuel tax credit for MOGAS burned in aircraft |
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Larry/John
Can't speak for Boyd but them cookies were great! I'm building a new house starting the 2nd week of April so MV looks doubtful.
Do not archive
Rick Neilsen
Redrive VW powered MKIIIC
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by0ung(at)brigham.net
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| Posted: Thu Mar 12, 2009 7:03 am Post subject: Fuel tax credit for MOGAS burned in aircraft |
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I’ve been waiting for someone to complain about me hording the cookies…. Honest,,, I picked them up and locked them in my trunk to keep the camp ground dog at bay while my wife and myself went on the monument tour. Remember the bright side,,, when they came out of my trunk, they were nice and warm, just like out of the oven.
Boyd young
Do not archive
Larry C:
Great minds think alike. 
john h
mkIII
Jon,
Are either you or your wife's cookies going to be in MV this year?
Larry
[quote][b]
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