Attention green living taxpayers, if you’re planning on taking a credit for a new solar hot water heater or a biodiesel fuel credit on your 2012 tax return then be prepared to wait a few more weeks before you file. These are just two of the eight eco-themed tax forms that won’t be accepted by the IRS until the first week of March.
1. Form 5695 Residential Energy Credits – This form is used by taxpayers that are taking the nonbusiness energy property credit or the residential energy efficient property credit including those taking a credit for a solar water heating product and qualified geothermal heat pump products.
2. Form 8834 Qualified Plug-in Electric and Electric Vehicle Credit – Taxpayers wishing to claim a credit for a qualified two or three-wheeled plug-electric vehicles and certain low-speed four-wheeled plug-in vehicles will need to use this form.
3. Form 8864 Biodiesel and Renewable Diesel Fuels Credit – Taxpayers that purchased biodiesel, agri-biodiesel, renewable diesel and other similar fuels will need to use Form 8864 to receive applicable credits.
4. Form 8908 Energy Efficient Home Credit – This is a business credit that eligible contractors use after the sale or lease of a qualified energy efficient home.
5. Form 8909 Energy Efficient Appliance Credit – Another business credit, this time for manufacturers of qualified energy efficient appliances.
6. Form 8910 Alternative Motor Vehicle Credit – This credit is valid on qualified four-wheeled fuel cell vehicles.
7. Form 8911 Alternative Fuel Vehicle Refueling Property Credit – Taxpayers that purchased an alternative fuel vehicle refueling system that was placed into service in 2012 will use this form to receive a credit.
8. Form 8936 Qualified Plug-in Electric Drive Motor Vehicle Credit – This credit is for use by taxpayers that purchase a qualified plug-in electric vehicle that does not fit into the criteria set forth in Form 8834.
These aren’t the only tax forms that are on hold. The IRS has 29 different forms, including these eight environmentally focused forms, that are still in the testing phase and therefore on hold until the first week of March.
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