Federal Excise Taxes and Credits: Don't Underestimate Their Expanding Reach and Impact
July 08 | 2:00 PM ET | 18:00 GMT
Host: Karen Boucher, Director - Deloitte Tax LLP
1 Intermediate CPE Credit | Taxes
Excise taxes affect many businesses and directly impact the bottom line. With annual collections exceeding $50 billion, these transactional taxes present potential exposure and cost saving opportunities. We'll discuss:
- Types of excise taxes and impacted businesses, including air transportation, barge operators, construction, fleet operations, and sports fishing.
- Medical Device Excise Tax – product pricing for tax purposes and pursuing possible tax refunds.
- Fuel excise taxes and credits – understanding types of taxes and how certain uses generate refunds.
- Tax authority enforcement activities – audit scope, duration, understanding and responding to IDRs, and tax authority practices and procedures.
Gain a deeper understanding of this important and expanding area of indirect taxes.
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