The IRS is limiting which vehicles qualify for the Biden administration's electric vehicle tax credit. John Milikowsky, founder of Milikowsky Tax Law joined CBS news to discuss the changes, and discusses the IRS's annual list of scams that tax-
Keep in mind that the EPA / government classifications and regulations we explain below differ and often clash with those on the EPA’sFueleconomy.gov websitethat are governed by separate rules and which are not applicable for the IRA EV tax credits. Confused much? Well, it g...
Does a tax settlement affect your credit? A tax settlement will not affect your credit. The IRS cannot share your personal identifying information, so credit bureaus will not detect your payment plans. However, filing a Notice of Federal Tax Lien may affect your ability to obtain credit. Keepin...
Vehicles placed in service on or after April 18, 2023, must meet the critical minerals and battery sourcing requirements to claim the credit. Manufacturers of these vehicles will have to certify that they meet these requirements. Consumers interested in the credit can rely on these manuf...
used the pre-qualifier tool located on the IRS website right here you can check yes or no depending on whether you did that pre-qualifier tool is a fairly good calculator if you want to see if you qualify for an offer and compromise however I have seen it do some incorrect calculations...