Gasoline wholesalers should consider opportunities presented by special gasoline tax refund procedure.: An article from: The Tax Adviser
Book Details
Author(s)David Culp, Mark Springer
PublisherAmerican Institute of CPA's
ISBN / ASINB00093ME7K
ISBN-13978B00093ME71
AvailabilityAvailable for download now
MarketplaceUnited States 🇺🇸
Description
This digital document is an article from The Tax Adviser, published by American Institute of CPA's on June 1, 1995. The length of the article is 1265 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: The IRS addressed the question of who may claim a refund under IRC section 6416(a)(4) for gasoline sold to tax-exempt users. Certain consumers including local and state governments and nonprofit organizations are exempt from the federal gasoline tax. The gas tax is levied at the point where it is transferred to the distributor, and the exemption takes effect when a wholesale distributor sells the gasoline to a tax-exempt consumer. The tax can be exempted at the time of purchase, by lowering the price, or can be claimed by the tax-exempt entity if sold at the tax-inclusive price.
Citation Details
Title: Gasoline wholesalers should consider opportunities presented by special gasoline tax refund procedure.
Author: David Culp
Publication:The Tax Adviser (Magazine/Journal)
Date: June 1, 1995
Publisher: American Institute of CPA's
Volume: 26 Issue: n6 Page: 347(2)
Distributed by Thomson Gale
From the supplier: The IRS addressed the question of who may claim a refund under IRC section 6416(a)(4) for gasoline sold to tax-exempt users. Certain consumers including local and state governments and nonprofit organizations are exempt from the federal gasoline tax. The gas tax is levied at the point where it is transferred to the distributor, and the exemption takes effect when a wholesale distributor sells the gasoline to a tax-exempt consumer. The tax can be exempted at the time of purchase, by lowering the price, or can be claimed by the tax-exempt entity if sold at the tax-inclusive price.
Citation Details
Title: Gasoline wholesalers should consider opportunities presented by special gasoline tax refund procedure.
Author: David Culp
Publication:The Tax Adviser (Magazine/Journal)
Date: June 1, 1995
Publisher: American Institute of CPA's
Volume: 26 Issue: n6 Page: 347(2)
Distributed by Thomson Gale
