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31IRS won't, or can't, reveal how many plug-in vehicle tax credits are left

No One At The Federal Agency Seems To Know What's Going On

The IRS has set up a page to help track individual automaker sales figures, but it's a complete mess.

56Report: Ford loses $445M judgment against IRS

Toward the end of the last millennium, Ford thought it might owe the IRS some money for possibly underpaying taxes between 1983 and 1994. To convince the IRS to halt the accrual of interest on any amount Ford might have underpaid, Ford gave the IRS a lump sum of cash.

67Report: 2014 Mustang could be based on global platform with IRS

2010 Ford Mustang GT – Click above for high-res image gallery

15PSA: IRS lowers mileage deduction for 2010 - will you owe more in taxes?

When gas prices rose in 2008, one of the few bits of good news was that the federal government was bumping up the business mileage deduction to 55 cents per mile. Now that gas prices have stabilized in 2009, the Internal Revenue Service has reportedly decided to cut back on some of its generosity. According to Wallet Pop, the new per mile rate is 50 cents, a nine percent decline from a year ago. The decrease will likely do little to the casual business traveler, but high mileage sales types and

AddCash for Clunkers update: IRS taxes rebates, Chrysler in a good kind of trouble, more

The Cash For Clunkers program, officially known as CARS, is a program in flux. If you missed the CARS news over the weekend, read this post. Here's what has happened since then:

96Doh! Dealers learn Cash for Clunkers rebates count as taxable income

As you're aware by now, yesterday's big news was H.R. 3435, the emergency legislation passed by the House of Representatives authorizing an additional $2B for the CARS scrappage scheme. As had been widely reported on Thursday, the clunkers program appeared to have run out of money a lot sooner than anyone had expected, sending legislators in favor of it into a panic. After a period of impassioned floor debate (the Michigan delegation appeared on the verge of a collective nervous breakdown, treat

AddApril 15th is coming and the IRS has got your biofuel tax information ready

If you're the Ned Flanders type who just loves to get your taxes done early, we've got the post for you. The IRS has prepared a document on the changes to the tax code that biodiesel and cellulosic biofuel producers need to be aware of. If you know that ASTM D 6751 biodiesel standard was revised, but don't know what the revision means for you, then you should download the paper (PDF).

AddInternal Revenue Service grants Honda GX credit

Honda's two compressed natural gas vehicle, the 2005 and 2006 Civic GX, have met the Qualified Alternative Fuel Motor Vehicles (QAFMV) qualifications per the Internal Revenue Service (IRS). This acknowledges buyers are eligible to receive credit upon purchasing either alternate fuel vehicle.

17Toyota hybrids hit the magic number

As far as the Internal Revenue Service is concerned, Toyota Motor Company has hit the magic number. The company is expected to announce the sale of its 60,000th hybrid vehicle, coincidentally the same number at which tax incentives to buy such vehicles is reduced or disappears. Those tax benefits, which range from $650 for a Honda Accord hybrid to $3,150 for a Toyota Prius are often a big factor in consumer decisions to purchase these models, so it will be interesting to see if their s

AddIRS form gives tax credits - up to $30,000 - for installing E85 pumps

One part of last year's Energy Policy Act is now a reality in the form of an exciting new IRS tax form, Form 8911. The "Alternative Fuel Vehicle Refueling Property Credit" offers the first federal income tax credit to organizations that install E85 fueling systems. The tax credit is good for a 30 percent federal income tax credit and can be worth up to $30,000 per property, according to Renewable Energy Access.

AddTax time relief: biofuel tax credits

With tax day just past, it’s good to know the IRS still hearts biofuels. There are plenty of tax credits for those involved in the biofuel way of life. Everyone from individuals or businesses purchasing cars, to small agri-business biofuel producers (those who make less than 15-million gallons of biodiesel or 60-million gallons of ethanol) can benefit from these tax credits.

4PSA: Still time for the U.S. hybrid tax credit

Looking for an easy tax credit? Look no further than the U.S. tax credits for hybrid vehicles. While the program's days are numbered, our friends over at Treehugger tell us that the program isn't extinct yet.

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