Search

​​​​​​​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...

A customer would like to purchase one of our new, taxable truck bodies, but wants to pay a portion of the purchase price with a used truck body as a trade-in. Do I need to include the value of the trade-in when...

Are military vehicles exempt from FET under Internal Revenue Code Section 4051? Are sales to the United States Armed Forces exempt?

Does a vehicle’s designation as a truck or a tractor matter for purposes of applying the Section 4051 tax? If yes, how do you determine whether a vehicle is a truck or tractor, if it can be used both for carrying cargo...