IRS Updates Clean Vehicle Credit FAQs
The IRS has revised its FAQs that provide guidance to taxpayers seeking to claim tax credits for new or previously …
Proposed Reliance Clean Vehicle Credit Regs Discuss Foreign Entity of Concern Rules
The IRS has issued proposed reliance regs that would provide guidance regarding the excluded entity provisions with respect to the Code …
Guidance, List of Eligible Cars Issued for Revised Electric-Vehicle Credits
On its website, the IRS has issued guidance on tapping the Inflation Reduction Act of 2022’s tax credits for electric vehicles (“Plug-in …
IRS issues 2017 auto, light truck and van depreciation dollar limits
IRS has released the inflation-adjusted Code Sec. 280F depreciation limits for business autos, light trucks and vans (including minivans) placed …
IRS issues 2016, and revised 2015, auto, light truck and van depreciation dollar limits
Rev Proc 2016-23, 2016-16 IRB IRS has released the inflation-adjusted Code Sec. 280F depreciation limits for business autos, light trucks …