IRS Now Extends Waiver For Dyed Diesel Use
he Internal Revenue Service said it will extend the penalty relief when dyed diesel fuel is sold for use or used on the highway.
The nationwide relief will extend through Oct. 5, and any dyed diesel fuel held by retailers or users on Oct. 5 can be used on the highway after that date, IRS said.
The IRS is also extending the penalty relief on the recently enacted tax penalty on a failure to meeting the requirements of Environmental Protection Agency highway diesel fuel sulfur content regulations if EPA has waived those requirements.
The tax agency had originally extended the tax relief ruling in the wake of Hurricane Katrina, through through Sept. 15. (Click here for previous coverage.)
