Rev. December 2023
A form used by taxpayers to report carbon oxide sequestration credit, qualifying advanced coal technology project income, and other information related to section 45Q of the Internal Revenue Code.
The Recapture Certificate is a form that reports the amount of qualified carbon oxide that must be recaptured by the person who claimed the credit for its sequestration during the current and three previous calendar years. The certificate needs to be completed by the person who owns the geologic disposal site or the eligible EOR project.
A qualified taxpayer is a person who is an officer of the company that owns the geologic disposal site or the eligible EOR project. The IRS defines these individuals as those with decision-making authority regarding the carbon oxide sequestration activities.
Form 8933 is used to report the sequestration of qualified carbon oxide by an eligible taxpayer during the current and three previous calendar years. It is used to calculate and claim a credit for the sequestration of carbon oxide.
To complete Form 8933, you will need information about your eligible tax credit amount, qualified carbon oxide disposal or enhanced oil recovery project, and the total amount of qualified carbon oxide sequestered during the current and three previous calendar years.
The purpose of Form 8933 is to report the sequestration of qualified carbon oxide by an eligible taxpayer during the current and three previous calendar years. It is used to calculate and claim a credit for the sequestration of carbon oxide, as well as to provide information about the geologic disposal site or the eligible EOR project.
Form 8933 is one of Tax forms that are documents used to report information related to taxes to the relevant tax authority. There are various types of tax forms, including federal, state, and local tax forms, which can vary depending on the taxpayer's circumstances and location.
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