Current Federal Tax Developments

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2023-01-03 Vehicle Credit Guidance End of Year Extravaganza

This week we look at:

  • IRS to issue regulations for definitions for new clean vehicle credit

  • List published on IRS website to assist in determining if a vehicle could qualify for new clean vehicle credit

  • Incremental cost safe harbors for §45W commercial clean vehicle credit issued by IRS

  • 2023 mileage rates release

  • Final 2022 Schedule K-2 and K-3 Form 1065 instructions released

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2023-01-03 Vehicle Credit Guidance End of Year Extravaganza Edward K. Zollars, CPA (Kaplan Financial Education)

A PDF with articles for this week’s updates can be dowloaded below:

2023-01-03 Current Federal Tax Developments