IRS Publication 510  Dictionary Says  Definition of 'IRS
Publication 510 '  A document published by the Internal Revenue
Service that details how businesses are to report and pay excise
taxes for certain types of products. IRS Publication 510 covers
excise taxes levied on fuels, manufactured goods, heavy
vehicles, ship passengers, foreign insurance and products that
are harmful to the environment, such as certain chemicals and
oil-based products. Investopedia Says  Investopedia explains
'IRS Publication 510 '  The IRS allows businesses to request
credits and exemptions for certain excise taxes, such as the
sale of biofuels and alternative fuels. These credits can change
from year to year, and are often the focus of governmental
legislation.  While businesses might be able to offset their
taxes for the sale of fuel with credits, consumers are not able
to. Excise taxes typically make up 10-30% of the price of gas at
the pump.  Articles Of Interest    1. Do Tax Cuts Stimulate The
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