IRS Penalty Relief for 2019 and 2020 Income Tax Returns

Are you yet to file your 2019 or 2020 tax returns, or did you already file them but late? Generally, the IRS imposes a late filing penalty on tax returns filed after the relevant deadline.  This onerous penalty may add up…

About The Plug-In Electric Drive Vehicle Credit (IRC Section 30D)

Electric car sales broke records in 2021 and have remained consistent in 2022. Sales of electric cars, including fully electric and plug-in hybrids, doubled in 2021 to a new record of 6.6 million sales. Taxpayers who purchase qualifying electric cars…