Internal Revenue Service issues new guidance on glider kit usage

Determining whether a vehicle is classified as a truck or tractor for Federal Excise Tax (FET) purposes isn't always straightforward. This article reviews key IRS considerations, explains why vehicle design matters, and...

Recent legal developments have created new questions surrounding Federal Excise Tax (FET) treatment of Section 4221 tax-free sales. This article examines evolving IRS interpretations, discusses how these changes could...

Momentum continues to build for repealing the Federal Excise Tax (FET) on heavy-duty trucks as bipartisan legislation is introduced in the U.S. Senate. This article provides an update on the latest legislative...