29 August 2009
Taxpayer asks:
I heard on the radio that we will have to pay taxes on the money from the Cars for Clunkers. If so, I am really mad because nobody said we had to pay taxes on it. Is this true?
Taxgirl says:
A number of web sites and um, what’s the word, liars opportunists political [...]
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6 August 2009
The IRS has issued some guidance on the “Consumer Assistance to Recycle and Save” (Cash for Clunkers program).
President Obama signed the bill into law on June 24, 2009 (you can download the bill here as a pdf). It’s basically a vehicle trade-in and purchase program (leases for more than 5 years work, [...]
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