Brass Tax Presentations’ Post

We were asked: If you lease an eco-friendly car, can you claim the $7,500 clean vehicle credit on your tax return? To qualify for clean vehicle credits, taxpayers must purchase the vehicle. Sometimes, when a taxpayer leases a vehicle, they will receive a $7,500 lease reduction from the dealer because the dealer gets to claim the commercial clean vehicle credit, but there are no tax benefits claimed on the return for the taxpayer who leased the vehicle. Have a tax compliance question for us? Email us at education@brasstax.com #BrassTaxPresentations #TaxExpert #TaxTips #TaxCompliance

We were asked: If you lease an eco-friendly car, can you claim the $7,500 clean vehicle credit on your tax return? To qualify for clean vehicle credits, taxpayers must purchase the vehicle. Sometimes, when a taxpayer leases a vehicle, they will receive a $7,500 lease reduction from the dealer because the dealer gets to claim the commercial clean vehicle credit, but there are no tax benefits claimed on the return for the taxpayer who leased the vehicle. Have a tax compliance question for us? Email us at education@brasstax.com #BrassTaxPresentations #TaxExpert #TaxTips #TaxCompliance

If the rumours about a pay-per-mile road tax concern you, sign this petition to help us stop it before it advances further. Act now to prevent it from becoming a reality before it’s too late. https://chng.it/ktLtN5HxV8 #StopPayPerMile #RoadTaxReform #ProtectDrivers #AutomotiveAdvocacy #DriveAgainstTax #MileageTaxConcern

Stay prepared! When filing for the electric vehicle tax credit, make sure to keep Form 8936 with your tax records and get Form 15400 from your dealer. Missing these can put your claim at risk. Contact us now via alexisrobins.com . . #TaxTips #AlexisRobinsTax #EVTaxCredit #TaxPrep #StayOrganized #IRSForms #TaxSeason #MaximizeYourRefund #ElectricVehicleCredit #PaperworkEssentials

#Section179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment, including commercial trucks, from their gross income. #Section179Deduction can be a valuable tax incentive for businesses looking to invest in commercial vehicles.

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https://bit.ly/3ziIrWF There are several tax benefits associated with owning and operating a business vehicle. These benefits can help reduce your overall tax liability by allowing you to deduct certain expenses related to the vehicle. Here’s what you should know:

https://bit.ly/3ziIrWF There are several tax benefits associated with owning and operating a business vehicle. These benefits can help reduce your overall tax liability by allowing you to deduct certain expenses related to the vehicle. Here’s what you should know:

https://bit.ly/3ziIrWF There are several tax benefits associated with owning and operating a business vehicle. These benefits can help reduce your overall tax liability by allowing you to deduct certain expenses related to the vehicle. Here’s what you should know:

If your employees use company vehicles for personal purposes, you must report this as taxable income. Learn how to properly account for personal use and avoid tax errors. #TaxCompliance #BusinessVehicles #W2Reporting