Some QSubs and disregarded entities may already have an EIN. These actions can't take place under the owner's taxpayer identification number (TIN). 31, 51, and 117), register for most excise tax activities, and claim any refunds, credits, and payments under the entity's employer identification number (EIN). QSubs and eligible single-owner disregarded entities must pay and report excise taxes (other than IRS Nos. Qualified subchapter S subsidiaries (QSubs) and eligible single-owner disregarded entities are treated as separate entities for excise tax and reporting purposes. Aviation gasoline and kerosene for use in aviation are exempt from the leaking underground storage tank (LUST) tax.Р”Вisregarded entities and qualified subchapter S subsidiaries.

See Revenue Ruling 2018-02 at IRS.gov/IRB#RR2018-02.Р”Р„viation fuels for use in foreign trade. Therefore, it isnРІР‚в„ўt an alternative fuel mixture and doesnРІР‚в„ўt qualify for the section 6426 alternative fuel mixture credit.

A mixture of butane (or other gasoline blendstock) and gasoline is a mixture of two taxable fuels. For federal income tax purposes, reduce your section 4081 excise tax liability by the amount of excise tax credit allowable under section 6426(c) or (e) and your section 4041 excise tax liability by the amount of your excise tax credit allowable under section 6426(d), in determining your deduction for those excise taxes or your cost of goods sold deduction attributable to those excise taxes.Р”В«utane mixture doesnРІР‚в„ўt qualify for a credit. Instead, it will be updated only when there are major changes in the tax law.

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