Fillable Form 8907- Nonconventional Source Fuel Credit

8907

OMB No. 1545-2008

Nonconventional Source Fuel Credit

2005

Form

Attach to your tax return.

Attachment

Department of the Treasury

See instructions.

146

Sequence No.

Internal Revenue Service

Name(s) shown on return

Identifying number

Part I

Tentative Credit

(a)

(b)

(c)

Type of qualified fuel (enter code)

All qualified fuels

Qualified coke and

All other qualified fuels

Date the facility was placed in service

sold in 2005

coke gas

sold after 12/31/2005

Barrel-of-oil equivalents

Enter the product of $3 multiplied by the inflation

adjustment factor. See instructions

Multiply line 2 by line 1

Phaseout adjustment. See instructions

Subtract line 4 from line 3. If zero or less, enter zero

Add columns (a) through (c) on line 5

Reduction due to government monies and subsidized financing. Enter

the total of government grants, proceeds of tax-exempt government

obligations, and subsidized energy financing for the project for this and

all prior tax years

Enter the total of additions to the capital account for the project for this

and all prior tax years

Divide line 7a by line 7b. Show as a decimal to at least 4 places

Multiply line 6 by line 7c

Subtract line 7d from line 6

Reduction due to energy credit. Enter the total amount allowed under

section 38 for this and all prior tax years by reason of the energy

percentage with respect to the property used in the project

Enter the total amount recaptured with respect to the amount entered

on line 9a under section 49(b) or 50(a) for this and any prior tax year,

and under section 38 for any prior tax year

Subtract line 9b from line 9a. If zero or less, enter amount from line 8 on line 10 and go to line 11a

Subtract line 9c from line 8

11a

Reduction due to enhanced oil recovery credit (Form 8830). Enter the

total amount allowed for this and all prior tax years by reason of any

11a

enhanced oil recovery credit with respect to such project

Enter the total amount of enhanced oil recovery credit recapture with

11b

respect to the amount on line 11a for any prior tax year

Subtract line 11b from line 11a. If zero or less, enter the amount from line 10 on line 12 and go to

11c

line 13

Subtract line 11c from line 10

Nonconventional source fuel credits from pass-through entities:

If you are a—

Then enter the total nonconventional source fuel credits from—

}

a Shareholder

Schedule K-1 (Form 1120S), box 13, code F, G, or U

b Partner

Schedule K-1 (Form 1065), box 15, code F, G, or U, or

Schedule K-1 (Form 1065-B), box 9, code A5 or J

c Beneficiary

Schedule K-1 (Form 1041), box 13, code P

Tentative credit. Add lines 12 and 13

If you are a fiscal year taxpayer whose tax year ends in 2006, stop here. Report the amount from line 14 on line 1s of

Form 3800 (see instructions for exceptions). Do not complete Parts II and III of this form. If you are a calendar year 2005

filer, you must complete Parts II and III.

8907

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 37716X

Form

(2005)

Form 8907- Nonconventional Source Fuel Credit - 2005

Related Articles

Related forms

Related Categories