Todd | 02-21-2008 | comment profile send pm notify |
Dear Members, Over the past few months, the ACPA has received several reports of stepped-up scrutiny by the IRS in regards to Federal Excise Tax (FET) on concrete pump chassis. This is a hugely important issue to our members. For the IRS to change its traditional view that concrete pumps are considered mobile machinery and exempt from FET would be devastating to our industry. To help ACPA keep on top of this situation and effectively challenge this unjustified IRS action, it’s important for us to know how big a problem this is and what type of equipment the IRS may be targeting. It’s also important for any concrete pumper in this situation to fully consider their legal and tax options and not hand the IRS an easy victory with a check on an audit finding which may not be justified. Please advise Regards, Christi Collins ACPA Executive Director |