Taxable Fuel Bond: Part I - Bonding
Taxable Fuel Bond: Part I - Bonding
Taxable Fuel Bond: Part I - Bonding
Part I - Bonding
Bond is given by ( )
(Name) (Telephone number)
(Address)
as principal and
(Name)
(Address)
as surety. As principal and surety, we are obligated to the United States in the amount of
dollars ($ ). We also jointly and severally obligate our heirs, executors, administrators, successors, and assigns for the
payment of this amount.
The bond ensures payment of the tax imposed on fuel under section 4041(a)(1) or 4081 of the Internal Revenue Code. The conditions
of the bond are that the principal and the surety agree that:
1. The principal will not attempt to defraud the United States of any tax under section 4041(a)(1) or 4081;
2. The principal will file all returns and statements as required by law or regulations;
3. The principal will pay all taxes including any penalty and interest charges; and
4. The principal will comply with all other requirements of the law and regulations regarding tax under section 4041(a)(1) or 4081.
The surety will be granted relief from liability under the bond at any time, provided the surety notifies the principal and the Internal
Revenue Service in writing at least 60 days before the date on which the surety wants to be relieved of liability. If the notice is given by
an agent of the surety, the notice must be accompanied by a power of attorney or a verified statement that a power of attorney is on file
with the Internal Revenue Service.
If this notice is given, the principal’s rights under the bond will end on the date given in the notice, unless the notice is later withdrawn in
writing, or unless the principal’s rights are supported by other bonds. The surety will be relieved from any liability for acts that occur
after the date given in the notice but will remain liable for any unpaid tax and any penalties and interest incurred by the principal before
the bond was canceled, unless the principal pays the tax, penalties, and interest.
Part II - Signature
Under penalties of perjury, I declare that I have examined this form and any accompanying statements, and to the best of my
knowledge and belief, they are true, correct and complete.