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Federal Excise Tax – Dealerships

The complexity of federal excise tax (FET) can Due Diligence Reviews
create challenges for heavy-duty truck and
trailer dealerships and in some cases, create a If your organization is contemplating an
significant compliance risk that could jeopardize acquisition, our team can perform a review of
your organization. Our trusted advisors have the the compliance function of a potential target to
experience and insight to help your organization assess any FET exposure in connection with the
take a proactive approach to understanding the acquisition.
complexities, laws, and remaining compliant with Training
FET reporting.
If your organization would like to know more
SOLUTIONS about FET and how it impacts your dealership,
our team can conduct training on all levels (sales,
accounting, service, management to ensure your
staff understand the laws and accurately applies
them in practice.
Compliance
Compliance Assessment
Whether it’s Form 720 compliance or providing
guidance on the taxable or nontaxable status of Our team can review your FET compliance
your product(s), our experienced team can assist function and assess for issues related to reporting
your organization with accurate reporting and accuracy, potential exposure, and areas for
reliable advice. improvement. We can also share best practices
and ideas on how to remain efficient and
Rulings
compliant.
If your organization has a unique situation that
requires an opinion, our team can assist with
private letter rulings and the associated filing
process.
Audits
Tim Reynolds
If your organization is selected for an audit, Davidson, Holland,
our team can assist with preparing you for the Whitesell & Co., PLLC
exam, drafting responses, and managing the Partner
process to help alleviate the complexity and P 828.322.2070
associated anxiety that are typically involved with E tim@dhw.cpa
examinations.

209 13th Ave. Place NW | Hickory, NC 28601 | P 828.322.2070 | www.dhw.net