IRS expands penalty relief for dyed diesel fuel in Florida; hurricane-related relief
Penalty relief expands previously issued penalty relief that applied only to emergency vehicles
IRS expands penalty relief for dyed diesel fuel in Florida
The IRS today—in response to continued disruptions resulting from Hurricane Ian—announced that it will not impose a penalty when dyed diesel fuel with a sulfur content that does not exceed 15 parts-per-million is sold for use or used on the highway in the state of Florida. This penalty relief expands previously issued penalty relief that applied only to emergency vehicles. Read TaxNewsFlash
Today’s IRS release—IR-2022-177 (October 11, 2022)—explains that the penalty relief is available to any person that sells or uses dyed diesel fuel for highway use. The relief is effective as of September 28, 2022, and will remain in effect through October 19, 2022.
For more information, contact a tax professional with KPMG’s Excise Tax Practice group:
Taylor Cortright | +1 (202) 533 6188 | firstname.lastname@example.org
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.