Many 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 MoreDue to the expected decreases in inventory levels from 2019-2020, LIFO recapture could be significant to some. Watch this quick video from Dixon, Hughes, Goodman, LLP where they discuss key items you need to know and consider...
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
