Search

Two months ago, my company purchased a new trailer from a dealer for use in our business. The sale of the trailer by the dealer to us was taxable under Internal Revenue Code Section 4051. Unfortunately, the trailer we...

​​​​​​​A customer has asked us to repair their trailer. The trailer body is badly damaged and we anticipate that the repair work will be extensive. The trailer chassis only needs a few, minor repairs. For purposes of...

We sell certain aerial devices at retail. Is an aerial device considered a taxable part or accessory (and therefore subject to a 12% FET when sold with a taxable chassis)?

​​​​​​​A customer wants us to install a cab shield on a used chassis that was previously subject to tax under Internal Revenue Code Section 4051. Is our installation of the cab shield an act of further manufacturing...

Can you explain the difference between a letter ruling and a revenue ruling?

We purchased a one-year-old truck with a gross vehicle weight rating (GVWR) below 33,000 pounds. We modified the truck so that it now has a GVWR greater than 33,000 pounds. Although we are not sure, we think that the...

​​​​​​​One year ago we purchased a taxable truck from a dealer for use in our business. Now we need to convert the truck into a truck-tractor, which we intend to do ourselves by combining new components with components...

A couple of months ago, a trucking company approached us about leasing a tractor from us for use in its business. We subsequently purchased a new tractor from a manufacturer tax-free based on an exemption certificate in...

We install power liftgates on used trucks, and we occasionally sell the power liftgates without installation. We know that the liftgates are parts or accessories, but we are unsure on which sales the lift gates are...

We sell hoists at retail that we mount on used, customer-owned truck chassis that are above 33,000 pounds GVWR. The hoists are used with roll-off trash containers. We know the trash containers are exempt from excise tax...