Excise Tax Enquirer
Primary tax exclusions for chassis sales to end users
Is Section 4051 tax due on all chassis sales to end user customers? Are there some common exclusions?
September 15, 2015
Showing 61 - 70 of 150
Excise Tax Enquirer
Determining letter ruling applicability
We are a dealership that sells a certain body type. A customer gave me a copy of another dealership’s letter ruling in which the Internal Revenue Service determined the bodies sold by the other dealership were not...
June 12, 2015
Excise Tax Enquirer
Tax liability considerations when refurbishing chassis
We are overhauling a customer-owned chassis. The original chassis had a GVWR of less than 33,000 pounds, making it non-taxable. Most of the chassis will be rebuilt with new materials, but a few original components will...
April 12, 2015
Excise Tax Enquirer
Truck bodies and truck chassis - Separate tax determinations
If a customer purchases a new truck body from us and asks us to install it on a used truck chassis, is the body taxable? Similarly, if a customer purchases a new truck chassis from us and asks us to install it on...
February 10, 2015
Excise Tax Enquirer
Is FET due on the resale of a tax-paid trailer within the first six months?
We are a distributor that just bought a taxable trailer from a manufacturer on a tax-paid basis. (We did not provide the manufacturer with a resale certificate, and the manufacturer’s invoice included the amount of FET...
December 10, 2014
Excise Tax Enquirer
FET and the six-month rule on parts and accessories
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...
October 8, 2014
Excise Tax Enquirer
Are schools exempt from FET?
Is there an FET exemption for sales of taxable trucks to schools?
August 15, 2014
Excise Tax Enquirer
Are you prepared for an FET audit?
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?
June 9, 2014
Excise Tax Enquirer
Applying Federal Excise Tax - A general overview
Do you have any quick tips companies can use to determine if they are applying FET correctly in some common situations?
April 18, 2014
Excise Tax Enquirer
Internal Revenue Service issues new guidance on glider kit usage
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?
February 9, 2014