Clean Vehicle Tax Credit in 2023

The IRS has published new guidance on credits for clean vehicles purchases. Those purchasing new EV or FCV (plug-in electric vehicle and fuel cell vehicle respectively), may qualify for a clean vehicle tax credit. According to the IRS publication, ‘The Inflation Reduction Act of 2022’ amends previous rules to claim this credit for qualified vehicles…

Tax Relief for California Storm Victims

In an update provided on January 11, 2023 the IRS explained relief measures for residents and businesses in counties affected by the recent storms. This tax relief delays various tax filing and payment deadlines. According to publication IR-2023-03 from January 10, 2023, the IRS is offering relief to any area designated by the Federal Emergency…