Document - Excise Tax Enquirer

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FET and the Six-Month Rule on Parts and Accessories
Updated: 11/17/2014
Question: A customer recently purchased a new truck chassis, and the invoice for the truck included Federal Excise Tax (FET). He now wants our company to install an additional part on the truck chassis. (The part would have been taxable if it was included on the truck when the truck was sold.) Since the customer already paid tax on the truck, is there any tax risk for our company under Internal Revenue Code (IRC) Section 4051? full document >
Are Schools Exempt from FET?
Updated: 9/15/2014
Question: Is there a Federal Excise Tax (FET) exemption for sales of taxable trucks to schools? full document >
Are You Prepared for an FET Audit?
Updated: 7/25/2014
Question: We have received notice that the Internal Revenue Service (IRS) will be conducting an examination of our 720 tax returns. Do you have any tips on how we should prepare for the audit? full document >
Applying Federal Excise Tax — A General Overview
Updated: 7/10/2014
Question: Do you have any quick tips companies can use to determine if they are applying Federal Excise Tax (FET) correctly in some common situations? full document >
Nontaxable Cranes: Determination on Boom Length
Updated: 6/16/2014
Posted 10 1 2000 (updated 10 1 2000), DocID 101496 Rose Michele Nardi Attorney Weiner, Brodsky, Sidman & Kider, P.C., NTEA Legal Counselwww.wbsk.com QUESTION We install mast and boom log loading cranes on standard over the road chassis that exceed full document >
Internal Revenue Service Issues New Guidance on Glider Kit Usage
Updated: 5/15/2014
Question: My company completes vehicles using glider kits. I have heard there is new guidance from the Internal Revenue Service (IRS) on the use of glider kits. Can you explain what this may mean for my business?  full document >
Selling a Taxable Chassis and Crane: On What Do You Have to Charge Tax?
Updated: 3/17/2014
Question: We recently purchased a taxable truck chassis for resale (using a sale for resale certificate), and before we sell the chassis, we want to install on it a boom crane. Will we need to pay Section 4051 tax on the crane as well as the chassis? full document >
Using a Resale Exemption Certificate
Updated: 1/21/2014
Question: We are considering purchasing a new, taxable truck from the manufacturer, but are not certain whether we will use it in our business or re-sell it. If there is a possibility that we will re-sell it, are we required to provide the manufacturer with a resale exemption certificate with respect to Section 4051 tax? full document >
Adding Equipment to a Used Chassis(2)
Updated: 12/9/2013
Posted 6 6 2006 (updated ), DocID 101745 Rose Michele Nardi Attorney Weiner, Brodsky, Sidman & Kider, P.C., NTEA Legal Counselwww.wbsk.com Question We are a truck dealer that generally sells at retail chassis subject to tax under Section 4051. However, full document >
Can the Sale of an Incomplete Chassis-Cab be Subject to FET?
Updated: 11/15/2013
Question: We intend to sell incomplete chassis-cabs to a company that completes the vehicles and sells them to end-users. If an incomplete chassis-cab’s gross vehicle weight rating (GVWR) does not exceed 33,000 lbs., can it still be subject to Federal Excise Tax (FET)? full document >
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