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​​​​​​​A customer recently purchased a new truck chassis, and the invoice for the truck included FET. They now want our company to install an additional part on the truck chassis. (The part would have been taxable if it...

Is there an FET exemption for sales of taxable trucks to schools?

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?

​​​​​​​Do you have any quick tips companies can use to determine if they are applying FET correctly in some common situations?

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?

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...

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 GVWR does not exceed 33,000 pounds, can it still be subject to FET?

A new customer wants to purchase some vehicles on a tax-free basis (not charging any Section 4051 tax). Are there any Internal Revenue Service (IRS) registration requirements for such tax-free sales?

If we use a glider kit to repair and refurbish a chassis, can we treat the refurbished chassis as non-taxable, so long as it falls within the so-called 75% safe harbor?

From an NTEA member From time-to-time, we make both sales for resale and sales to state and local governments. We understand that these sales may be nontaxable if you have an exemption certificate. Where can I find the...