Carry-Back Losses

James Murphy Tax

There are two separate questions:

  1. Would you please provide a brief explanation as to the mechanics behind carry-back losses? And
  2. details as to who is entitled to fuel tax credit and how it is calculated.


The loss carry back is covered in the Form C instructions guide section S item 13.

We trust you find the following link useful:

As you have requested the mechanics for fuel tax credits, we consider the following link most useful: