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Fuel Tax Scam * Canada - Trucking companies targeted by suspected ones
Several Ontario trucking companies have been targeted by a suspected fuel tax scam which has cost some victims tens of thousands of dollars
Hamilton,Ont,CAN -Truck News, by James Menzies -21 May 2008: -- ... According to Helen Pelton, a lawyer with Cummins Seto Pelton, the alleged scam works this way: A company representing itself as an accounting firm approaches a Canadian trucking company and suggests the carrier may be entitled to a refund of the excise tax paid on fuel purchased in the US. The company says it charges only a percentage of the refund obtained, so there's no risk for the carrier. The trucking company provides information such as the amount of fuel purchased in the US, and the accounting firm then files for the refund on their behalf... However, the refund that is applied for is intended for US-based farmers purchasing dyed, off-road diesel fuel - not for Canadian trucking companies. While Canadian companies do not qualify for the refund, the IRS generally issues the refund upon receiving the application, and then verifies the validity of the application at a later date. By then, the Canadian trucking company has likely paid a percentage of the refund (anywhere from 18-50%, according to Pelton) to the accounting firm... With four of her own clients having been caught up in the scheme, Pelton is concerned the case may be much more widespread. If you think you've been approached by the perpetrators of the scam. You can contact her via e-mail at hpelton@cumminsseto.com. Labels: fuel taxes
posted by Unknown @ 4:05 PM
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