Florida law 501.976(18) requires that our state mandated dealer fee disclosure accompany the dealer fee in all sales documents. The failure to include the “costs and profits” disclaimer is a technical violation of the Florida...
Read MoreMost dealers are on the NEW VEHICLE LIFO INVENTORY method which reduces and/or defers income taxes. With many dealers having much less new inventory now than at the end of 2018 and/or 2019, many will have an unexpected LIFO...
Read MoreMany franchised new-car and -truck dealerships using the last-in, first-out (LIFO) accounting method are experiencing a severe decrease in new-vehicle inventory that could cause them to incur significant tax liability as a...
Read MoreThe Federal Reserve Board and Consumer Financial Protection Bureau has announced the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) that will apply for determining exempt consumer credit...
Read MoreConservative agenda remains alive and well in Florida If we learned anything on November 3, 2020, it was that pollsters are overpaid. Florida’s Republican party was able to retain a majority in the House and Senate despite...
Read MoreBackground: IRS Important Information for Consumers Transferring Clean Vehicle Tax Credits
IRS Checklist: Clean Vehicle Credit Transfer
IRS Video: How to Submit Time of Sale Reports
Plug-in Electric and Fuel Cell Electric Vehicles Purchased in 2023 or After
Federal Tax Credits for Pre-owned Plug-in Electric and Fuel Cell Vehicles
Commercial Clean Vehicle Credit
