WASHINGTON, May 1 -- Internal Revenue Service has issued a proposed rule called: Section 6435 Payments; Refunds for Previously Taxed Dyed Fuel.
The proposed rule was published in the Federal Register on May 1 by Frank J. Bisignano, Chief Executive Officer.
Summary: In the Rules and Regulations section of this issue of the Federal Registerare temporary regulations regarding the statutory provision providing for payments to taxpayers with respect to certain previously taxed dyed fuel. Specifically, the temporary regulations provide guidance as to the taxpayers that may claim such payments and the procedures these taxpayers must follow to claim the payments. The text of those regulations also serves as the text of these proposed regulations....