Internal Revenue Service issues new guidance on glider kit usage

From an NTEA member Is FET triggered by adding snowplow equipment to a used, previously taxable chassis? Probably not. In determining whether the addition of snowplow equipment to a used chassis will trigger FET, you...

Some NTEA members have asked about Federal Excise Tax (FET) as related to parts and accessories rulings. As with most FET questions, solutions are vehicle-specific. The Internal Revenue Service breaks FET into specific...

If we install a new, taxable body on a used chassis that was taxable when it was new, does the addition of that body “further manufacture” the chassis, so that IRC Section 4051 FET is triggered on the chassis? Does it...