While the FET can be quite broad in scope, the purpose of each Webinar is to drill down to specific questions and issues that members have raised via the FET Hotline or during previous Webinars to help you better understand how the tax applies to certain circumstances. As a benefit of membership, NTDA members have unlimited access to the FET Hotline that is answered by specialists at CliftonLarsonAllen LLP who deal with the FET as it applies to the sale of commercial trucks and semi-trailers.
To register, e-mail email@example.com and provide the name, company and e-mail addresses of any registrants from your company.
Basics of FET
June 9 from 2:00 p.m.-2:45 p.m. CT
Do you have new hires, salespeople or employees who are new to the industry? This session will explore regulations from the basics of what qualifies for FET, what is a first retail sale, overview of IRS Form 720 Quarterly Excise Tax Return reporting requirements and basic tax-free and exempt sales.
FET Deductions, Common Mistakes, and IRS Best Practices
July 21 from 2:00 p.m.-2:45 p.m. CT
Review FET calculations and discuss the various deduction allowed for destination, optional extended warranties, non-transportation equipment, tire tax credit and look at the overall FET calculation. In addition, we will discuss some best practices in connection with IRS exams.
Import/Export Transactions and Sales to State and Local Municipalities
Aug. 18 from 2:00 p.m.-2:45 p.m. CT
If you are engaged in cross-border transactions and/or sales to state or local municipalities, this Webinar is for you! Discuss several types of common transactions for each and the requisite documentation and registrations that are required by the IRS to substantiate a tax-free sale.
Mobile Machinery and Off-Highway Use Exemptions
Sept. 17 from 2:00 p.m.-2:45 p.m. CT
Explore the regulations included for tax-exempt sales of mobile machinery equipment and review the requirements of off-highway use units. The logging, mining, farming, construction and other industries regularly use these exemptions but possibly not correctly.