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Thursday, November 23, 2023

New IRS Guidelines for Electric Car Tax Credit ‘Recipe for Fraud,’ Tax Watchdog Warns

New Internal Revenue Service (IRS) guidelines for the federal electric vehicle (EV) tax credit are a “recipe for fraud,” warns the head of the Tax Foundation. 

Consumers will now be able to automatically claim the tax credit at the point of sale on new or used EV purchases, rather than wait to claim it on their tax return, according to the latest Treasury Department guidance.
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6 comments:

  1. Jo-Anne's RamblingsNovember 23, 2023 at 2:26 PM

    Not something I know anything about

    ReplyDelete
  2. AnonymousNovember 23, 2023 at 2:33 PM

    Name a single thing about centralized government that isn't a recipe for fraud.
    Go ahead, I'll wait.
    But not too long; I already know the answer.
    CC

    ReplyDelete
  3. StretchNovember 23, 2023 at 4:44 PM

    “recipe for fraud” That's all part of the plan.

    ReplyDelete
  4. AnonymousNovember 23, 2023 at 5:27 PM

    IRS doesn't need more personnel. IRS needs fewer pages of rules. Simple tax rules would be simpler to enforce. But when Congress gets obsessive about making things "fair", the end result is a mess.

    ReplyDelete
  5. AnonymousNovember 23, 2023 at 10:19 PM

    They are desperate....to purchase as many votes as possible.

    ReplyDelete
    Replies
    1. AnonymousNovember 24, 2023 at 6:11 AM

      But equally important, the EV market hit saturation way earlier than expected. Desperate times call for Desperate measures

      Delete

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