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...
A customer said we need to be registered with National Highway Traffic Safety Administration (NHTSA) under Manufacturer Identification requirements in 49 Code of Federal Regulations Part 566. We are a truck equipment...
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...
NTEA – The Work Truck Association will welcome commercial vehicle industry leaders to its Executive Leadership Summit with a full-day program Sept. 23, 2025, and a welcome reception Sept. 22. This year’s event will be...
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...