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We are a truck body manufacturer that sells bodies at retail. There are times we install a taxable body on a customer-owned chassis on which we also install one or more additional axles. The customer-owned chassis have a...

We forgot to get a sale for resale exemption certificate when we sold a truck chassis to a dealer. Can we rely on the sale for resale exemption for Internal Revenue Service Internal Revenue Code Section 4051 FET if the...

In connection with our sale of a new body that’s subject to Internal Revenue Code Section 4051 FET, our customer requests that we install the body on a customer-owned chassis. It has been less than six months since the...

If a dealership never offers a taxable truck for sale, but instead uses the vehicle in the dealership’s business, is it correct that the truck will not be subject to Section 4051 FET?

Most work truck industry businesses have General Liability policies that are auditable on an annual basis. Most companies dread the audit — both the process itself and the impending outcome of additional premium due. So...

Many work truck industry companies have General Liability policies that are auditable on an annual basis. And most of them dread the audit — both the process itself and the impending outcome of additional premium due. So...

Primarily composed of utility, service and crane body manufacturers, AISBM works closely with OEMs on issues relating to utility/service body installation on chassis.

Generally, subsequent sale of a chassis, body or tractor is not subject to FET if it was sold in a prior, taxable sale. However, there is an exception to this rule for trailers and semitrailers, which can be a source of...