Clean Vehicle Credit Guidance Revises Classifications

Clean Vehicle Credit Guidance Revises Classifications

As part of the Inflation Reduction Act of 2022, lawmakers made changes to the Clean Vehicle Credit that were meant to encourage the purchase of U.S.-made electric and fuel cell vehicles. Unfortunately, the criteria for qualifying vehicles has proven confusing for some taxpayers.… Read more about Clean Vehicle Credit Guidance Revises Classifications (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

California Storm Victims Get Tax Relief

California Storm Victims Get Tax Relief

Californians have been battered by torrential rains and flooding from a recent series of storms. To help victims recover, the Internal Revenue Service recently announced tax relief for federally declared disaster areas in the state.… Read more about California Storm Victims Get Tax Relief (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

2023 Filing Season Begins January 23

2023 Filing Season Begins January 23

The wait is over for tax professionals eager to learn when the 2023 filing season will begin. Today, the Internal Revenue Service revealed they will start accepting and processing individual returns on January 23, 2023. The federal tax agency reassures that the service it provides this year will be improved by the recent hiring of more than 5,000 telephone and in-person staff.… Read more about 2023 Filing Season Begins January 23 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

IRS Addresses Final Assembly, MSRP Requirements for Clean Vehicle Credit

IRS Addresses Final Assembly, MSRP Requirements for Clean Vehicle Credit

High gas prices have understandably made plug-in electric and fuel cell vehicles more attractive in recent years. While a provision in the Inflation Reduction Act of 2022 is designed to make the switch less of a financial burden, there is confusion surrounding some of the new requirements for the Clean Vehicle Credit.… Read more about IRS Addresses Final Assembly, MSRP Requirements for Clean Vehicle Credit (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Drake Tax Feature Spotlight: The Backup and Restore Tool

Drake Tax Feature Spotlight: The Backup and Restore Tool

Loss of taxpayer information during the filing process due to technical difficulties is a sure way to fast-track frustration during tax season. Fortunately for Drake Tax users, today’s highlighted feature is an info life saver.… Read more about Drake Tax Feature Spotlight: The Backup and Restore Tool (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…