IRS updates FAQs on new, previously owned, and qualified commercial clean vehicle credits

Type
:
Development
Tax Area
:
Corporate Income Tax
Status
:
Guidance
Qualification
:
Various
Implemented date
:
NA
Country
:
United States
Date added
1 Jul
,
2024
Docxster’s Summary

The IRS has updated its FAQs on the new previously owned and qualified commercial clean vehicle credits. The FAQs provide guidance on the eligibility requirements, credit amounts, and other important information for taxpayers claiming these credits. Taxpayers should review these FAQs carefully to ensure they are properly claiming the credits and avoiding any potential penalties or audits.

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Source :
KPMG
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