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Excise Tax Enquirer

How a trade-in will affect your FET calculations

We are selling a taxable truck, and the purchaser is paying a portion of the sales price with a trade-in vehicle. In negotiating the sale, we agreed to a trade-in allowance greater than the fair market value. How should...

July 5, 2018

Federal Excise Tax (FET) Implications

Excise Tax Enquirer

Truck or tractor?

We sell completed vehicles that can both carry a load and tow a trailer. For purposes of Section 4051 tax (FET), does it matter whether we treat these vehicles as trucks or tractors?

April 27, 2018

Federal Excise Tax (FET) Implications

Excise Tax Enquirer

Liftgates: Parts and accessories or mere combination?

We recently purchased a new, tax-paid truck to use in our business. We want to add a new power liftgate to the vehicle, but will not make any other modifications. Is it true that a power liftgate is exempt from Section...

March 2, 2018

Federal Excise Tax (FET) Implications

Excise Tax Enquirer

FET liability on a U.S. import from Canada

We are a U.S. company considering importing a truck from Canada and reselling it to a U.S. end user. If the vehicle we purchase was both manufactured and used in Canada, would the sale still trigger Section 4051 tax? If...

December 28, 2017

Excise Tax Enquirer

Determining crane taxability

How can we determine if the crane we install on a taxable truck chassis is subject to tax under Internal Revenue Code (IRC) 4051?

October 27, 2017

Excise Tax Enquirer

Vacuum equipment: Taxable or not?

Is vacuum equipment installed on a taxable chassis exempt from Federal Excise Tax (FET) under Section 4051?

August 31, 2017

Federal Excise Tax (FET) Implications

Excise Tax Enquirer

Sales to government entities

If a purchaser is a governmental entity, is the sale of an otherwise taxable truck exempt from Section 4051 tax?

June 23, 2017

Excise Tax Enquirer

Mobile machinery vehicles and FET

A customer wants to purchase a standard highway truck chassis and said he will then modify it to satisfy the so-called mobile machinery exception. In this situation, is our sale of the chassis to the customer subject to...

March 5, 2017

Federal Excise Tax (FET) Implications

Excise Tax Enquirer

Mobile machinery exception requirements

Can you explain the basic requirements (and potential traps) of the so-called mobile machinery exception?

December 29, 2016

Federal Excise Tax (FET) Implications

Excise Tax Enquirer

When are we required to provide a resale exemption certificate?

We are purchasing a taxable truck from a manufacturer for resale. Are we required to provide the manufacturer with a resale exemption certificate? If we don’t provide it, are we still responsible for paying the excise...

October 31, 2016

General Regulation

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