August 25, 2021, 6:52 p.m.
A freight forwarding company is set to review its $ 9 million excise tax dispute with the IRS over refurbished trucks because a lower court has failed to provide guidance on when a repair is significant enough to trigger the tax, an appeals court said.
From 2011 to 2013 Schneider National Leasing overhauled 976 of its older tractors and rented them to the parent company. The company claimed that the trucks were renewed, and not purchased, were exempt from 12% federal excise tax under U.S. Code Section 4052. The IRS disagreed, stating that the repair costs were those under Section 4052 …
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