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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:
RSM excise tax specialists discuss important excise tax planning strategies in this on-demand webcast series.
Proposed regulations address admin changes and court decisions for excise taxes imposed on highway trucks, tractors, trailers and tires.
Collector of excise tax is not entitled to a credit or refund unless it can prove it repaid the tax to its customer or received customer consent.
Notice 2016-05 provides rules for making claims for the retroactively extended 2015 biodiesel mixture and alternative fuels excise tax credits.
Importers of electronics must understand their responsibilities surrounding the excise tax on ozone-depleting chemicals.