The Dye Is Cast
Open full sizeDebits & Credits, October 6, 2026. Laughs are nonrefundable.
Transcript. Panel 1, at a truck-stop pump marked DIESEL #2 ULSD DYED, red fuel runs into a highway semi under an IRS notice reading Section 6715 penalty deferred through Dec. 31. The trucker: “So the red stuff is legal on the highway now?” Panel 2, a clerk holds the executive order, stamped EMERGENCY: defer the diesel excise tax, no penalty if dyed fuel is used on the highway, if the Secretary finds a Section 7508A event. Clerk: “Treasury has five days to decide whether the emergency is an emergency.” Panel 3, Debit at his desk, mug reading “It depends,” red pencil in hand. “The penalty sleeps until January. The dye does not.”
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This alert is for general information only and is not tax, legal, investment, or accounting advice. Consult your own advisers before acting. Carlos A. Schmidt, MBT, MBA, CPA · carlos@lapresallc.com · (917) 558-6393.