Justification of Changes

2008 Form 8907, Nonconventional Source Fuel Credit
Purpose: This is the first circulated draft of the 2008 Form 8907 for your review
and comments. See below for a discussion of the major changes.
TPCC Meeting: None, but one may be arranged if requested.
Prior Version: The 2007 Form 8907 is available at:
http://www.irs.gov/pub/irs-pdf/f8907.pdf
Other Products: Circulations of draft tax forms, instructions, notices, and
publications are posted at:
http://taxforms.web.irs.gov/circulations/index.htm
Comments: Please email, fax, call, or mail any comments by June 19, 2008.
Comments should also be sent to the reviewer at William.P.Woolf@irs.gov.

Mike Cyrus
Tax Forms and Publications
SE:W:CAR:MP:T:B:C
Email: Michael.R.Cyrus@irs.gov
Ph: 202.927.9545
Fax: 202.622.3262

Major Changes to the 2008 Form 8907
On the Form
1] The form is substantially changed because of the expiration of the
extension of the credit for gas produced from biomass, and liquid, gaseous, or
solid synthetic fuels produced from coal, when such fuels were sold before
January 1, 2008, per IRC 45K(f). Only coke and coke gas remain as qualified
fuels. Therefore:
•

Line A is removed as unnecessary for just one type of qualified fuel (coke
or coke gas).

•

Line B becomes Line 1 and the subsequent lines are re-numbered.

• Old Lines 4 and 5 are removed because the phaseout
adjustment does not apply to the remaining qualified fuels (coke or coke
gas), per IRC 45K(g)(2)(D).
•

The middle column is removed because there are no ”other qualified
fuels,” just coke or coke gas for 2008.

[2] The result is that the form has only 15 lines now (it had 16 lines
for 2007), and there are now 2 columns (it had 3 columns for 2007).

In the Instructions
1] The extension of the credit for gas produced from biomass, and liquid,
gaseous, or solid synthetic fuels produced from coal, when such fuels were sold
before January 1, 2008, per IRC 45K(f), is expired. Only coke and coke gas
remain as qualified fuels. Therefore:
•

The What’s New area is added to indicate the expiration.

•

The Purpose of Form area is rewritten to indicate that only coke and
coke gas remain as qualified fuels.

•

The Qualified Fuels area is replaced by the Coke and Coke Gas
discussion since only coke and coke gas remain as qualified fuels.

•

The Line A instructions are removed and the Line B instructions are
renamed as Line 1. The subsequent instruction line numbers are renumbered.

2] The new Line 2 and Line 3 instructions are rewritten to indicate that only coke
and coke gas remain as qualified fuels.
3] The old Line 4 instructions are removed because the phaseout adjustment
does not apply to the remaining fuels (coke or coke gas), per IRC 45K(g)(2)(D).
The subsequent instruction line numbers are re-numbered.
4] The year is updated in the usual places on the form and in the instructions.