Dealers Can Offer EV Refunds At Point Of Sale In 2024, But Fewer Than Half Have Applied

2024 Chevrolet Silverado EV RSTImage: Chevrolet EV buyers rejoice. Starting January 1, you’ll be able to go to your local dealer and claim the EV tax credit as an actual discount on your vehicle. Surprisingly it looks as if dealers are on board with this plan too—at least some of them. The 2023 Dodge Challenger … Read more

IRS is resuming automated collection notices. Here’s what to know

The Good Brigade | DigitalVision | Getty Images How IRS collection notices work Typically, CP14 is the first IRS notice for an unpaid tax balance, followed by three or four reminder letters, every five weeks, explained Darren Guillot, national director at Alliantgroup, who previously served as IRS deputy commissioner of the agency’s small business division. … Read more

Rudy Giuliani files for bankruptcy after US$148 million judgment in defamation case

“No person could have reasonably believed that Mayor Rudy Giuliani would be able to pay such a high punitive amount,” spokesperson Ted Goodman said. US bankruptcy proceedings can enable people and companies to wipe away or reorganise their debts, and Giuliani’s filing will probably pause all of the pending lawsuits against him. However, it may … Read more

IRS offers $1 billion in penalty relief. What taxpayers need to know

Jgi/jamie Grill | Tetra Images | Getty Images The IRS is waiving roughly $1 billion in late-payment penalties for millions of taxpayers with balances under $100,000 from returns filed in 2020 and 2021. Some 4.7 million individual taxpayers, businesses, trusts, estates and nonprofit organizations are eligible for the relief, which amounts to about $206 per … Read more