Marketplace: EV tax credit will be simpler in 2024 with an instant rebate at dealership
FADA Chairman Greg Soulliere was quoted in Marketplace’s article on EV tax credits. Read what he says this means for EV inventory.
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Partial Exemption of Florida Sales Tax to Out-of-State Customers
The Motor Vehicle Sales Tax Rates by State (reciprocity list) is an annual Tax Information Publication (TIP) published by the Florida Department of Revenue (most recently issued January 18, 2023). Even if you deliver a car to an...
Read MoreTax Planning Strategies Could Benefit Your Dealership
FADA Associate Member CLA will be hosting a 6-Session complimentary webinar series for dealers. The first in the series begins August 24, discussing reducing your tax bite for 2021 and 2022. CLICK HERE to view more information...
Read MorePayroll tax deferral
On August 8, 2020, President Trump issued a memorandum on deferring payroll tax obligations. Under the terms of the memorandum, withholding, deposit and payment of the employee’s share of the 6.2% social security tax are...
Read MoreDOR Sales Tax Auditing
A little birdy advises that dealers may soon be seeing a DOR sales tax auditor at the door! You might want to check out these good observations from a fellow dealer: If you think your employees are collecting exemption...
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EV Tax Credit Resources
Background: 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