B012F Toyota Tacoma is described as Fuel System Too Rich, which basically means bank 1's oxygen sensor has detected a rich condition of fuel. This means there's not enough oxygen in the exhaust from too much fuel being delivered into the air and gas mixture for combusion. The PCM then uses this data to provide the right strategies for the fuel delivery and ignition timing of the engine.
Possible Causes :
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Look for damage to the tank indicating impact that may have damaged the fuel pump or sender. Replace the oxygen sensor that is downstream from the catalytic converter on the side of the engine that does not contain cylinder #1. Also, if a oxygen sensor code stating "heater circuit malfunction" the sensor has most probably failed. Check to make sure they are not burnt or corroded. If in doubt, get some Electrical Contact cleaner at any parts store if cleaning of the terminals is needed.
Diagnostic trouble code B012F Toyota Tacoma is not difficult to diagnose and repair. Thus, it always pays to have a qualified technician to look after your vehicle should this error code arise.
Diagnosing this code requires the engine to be in good running shape, without unmetered air entering the engine. If other codes that relates to misfiring condition, lean running or air entering the engine is present, then you must first fix those error codes before B012F Toyota Tacoma.
Fortunately, B012F Toyota Tacoma is a fairly common OBD code, meaning that it applies to all makes and models of vehicles made after 1996.