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Excise Tax Incentives
Companies in specific industries face the challenge of managing excise tax exposure without passing up not missing available exemptions and credits. Many federal excise taxes have complex compliance requirements. Certain exemptions are only available if registration requirements are met and specific documentation is maintained. Many credits and exemptions require a detailed analysis of distribution chains and tracking of item sales. Experience matters.
RSM provides excise tax consulting to help companies identify and control excise tax expense. We can assess the impact of the following excise taxes and help you reduce audit exposure and identify potential exemption or credit refund opportunities:
- Ozone-depleting chemicals
- Medical devices
- Fuels
- Trucks and trailers
- Firearms and ammunition
- Fishing and archery equipment
Related Insights
TAX ALERT
Claiming biodiesel and alternative fuels excise tax credits for 2015
Notice 2016-05 provides rules for making claims for the retroactively extended 2015 biodiesel mixture and alternative fuels excise tax credits.
INSIGHT ARTICLE
What do electronics importers need to know about the ODC excise tax?
Importers of electronics must understand their responsibilities surrounding the excise tax on ozone-depleting chemicals.