In this episode based on this written piece, we'll cover some of the most frequently asked questions about the Federal Excise Tax—especially regarding the heavy-duty truck and trailer industries, including:
What is the Federal Excise Tax (FET)?
What is the difference between a FET and a sales tax?
Who pays the FET?
How is the FET reported to the IRS?
How does the FET impact the heavy equipment, trucking, and commercial trailer industries?
How can I account for the FET in my dealership management system?Heavy Duty Dealer Academy is a production of Dealer Technology Solutions, a division of My Little Salesman. You can learn more about supercharging your own heavy-duty dealership with a full suite of affordable technology solutions designed specifically for heavy-duty dealerships like yours at https://tinyurl.com/HDD-DTS.
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