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Excise Tax

Excise taxes have been imposed on U.S. taxpayers since the inception of the country. Existing excise taxes on articles such as fuel, alcohol, tobacco, and heavy vehicles were enacted in the early to mid-1900s. Today there are over 30 federal excise taxes administered by the Internal Revenue Service (IRS) and the Alcohol and Tobacco Tax and Trade Bureau (TTB). Each tax has its own rules, complex regulations and procedures. States and local governments also impose excise tax on a wide range of articles and services.

The Far Reach of Excise Tax

Excise taxes affect many middle market companies in a wide range of industries including:

  • Transportation
  • Manufacturing
  • Energy and environmental
  • Food and beverage
  • Healthcare and life sciences
  • Retail dealers and sellers
  • Importers
  • Building and construction
  • Aerospace and defense
  • Banking, insurance, and financial products
  • Gaming

RSM’s full service excise tax practice covers a complete range of excise taxes and credits, including:

  • Manufacturers taxes (e.g., petroleum products and motor fuel; tires; sporting goods; firearms)
  • Retail taxes (e.g., alternative fuels; ethanol; biodiesel; heavy trucks and trailers)
  • Air transportation taxes for passengers and property
  • Environmental taxes (e.g., ozone-depleting chemicals; oil spill; superfund)
  • Heavy vehicle highway use tax
  • Foreign insurance excise tax
  • Wagering excise tax
  • Affordable Care Act provisions (e.g., branded prescription drug fee; tanning excise tax; PCORI fee)
  • Communications excise taxes
  • Fuel credits (e.g., taxable fuel; alcohol; biodiesel; alternative fuel)
  • Excise taxes administered by the Alcohol and Tobacco Tax and Trade Bureau (e.g., spirits; wine; beer; tobacco; firearms; ammunition)

Our Services

RSM’s excise tax practice advises clients on the complexities of excise taxes administered by the IRS, TTB and state and local governments.  Our services include:

  • Controversy disputes and representation
  • Planning and refund opportunities
  • Consulting
  • Due diligence
  • Compliance and registrations
  • CPE trainings
  • Tax system implementations

Our Professionals

RSM’s excise tax practice is led by Washington National Tax professionals with more than 20 years of government and private sector experience.  Our goal is to be your first choice advisor by bringing our experts to team with you to provide a comprehensive and holistic approach to your tax matters.  We will evaluate opportunities and areas of risk to provide you with a clear assessment based on your particular situation.


RELATED INSIGHTS

TAX ALERT

IRS provides temporary penalty relief for using dyed diesel fuel in LA

IRS waives penalty for using dyed diesel fuel on highways in several Louisiana parishes through Sept. 30, 2021.

  • September 17, 2021

TAX ALERT

IRS extends Hurricane Ida Relief to Pennsylvania victims

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Hurricane Ida in Pennsylvania.

  • September 14, 2021

TAX ALERT

IRS extends Hurricane Ida Relief to Mississippi victims

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Hurricane Ida in Mississippi.

  • September 10, 2021

TAX ALERT

IRS extends Hurricane Ida Relief to New York and New Jersey victims

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Hurricane Ida in New York and New Jersey.

  • September 09, 2021

TAX ALERT

IRS extends Oct. 15 deadline for victims of Hurricane Ida

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Hurricane Ida. IRS provides additional relief.

  • August 31, 2021

TAX ALERT

Trucking company's glider kit restoration not subject to excise tax

Seventh Circuit Court of Appeals rules taxpayer’s refurbished highway tractors meet safe harbor restoration rule under section 4052(f).

  • August 30, 2021

TAX ALERT

Appeals court ruling is win for wine exporters

Appeals court affirmed U.S. Court of International Trade decision allowing substitution drawback of certain excise taxes and customs duties.

  • August 27, 2021

TAX ALERT

IRS issues reminder for Highway Use Tax return deadline

IRS issues reminder for Taxpayers who own heavy vehicles weighing more than 55,000 lbs to file Highway Use Tax return by Aug. 31, 2021.

  • August 05, 2021

INSIGHT ARTICLE

President’s clean energy proposals for industrials sector

President Biden’s proposals for prioritizing clean energy affect the industrials sector including manufacturing, automotive, and oil and gas

  • July 19, 2021

INSIGHT ARTICLE

Biden's clean energy proposals and the consumer products industry

Details of President Biden’s proposals for prioritizing clean energy and its potential effect on the consumer products industry

  • July 19, 2021

Excise Tax Consulting

Debbie Gordon
Principal
Washington National Tax
Area of Focus: Excise Tax Consulting


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