Recent reports have raised anew concerns about the impending insolvency of the Social Security program, absent congressional action. Social Security reform has long been considered a “third rail” of American politics and understandably so — the options for heading off insolvency will inevitably cause pain for significant segments of the population. Yet some in Congress […]
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Patrick J. Comiskey, C.P.A
Founder
Jennifer Maliar, C.P.A
Share Holder
Lori Williams, C.P.A.
Share Holder
Daniel B. Nelson, C.P.A.
Tax Manager
Adrian Jennings, C.P.A.
Audit Manager
Grant Overs, C.P.A.
Senior Accountant
IRS guidance coming regarding the IRA’s Clean Vehicle Credit
The Inflation Reduction Act (IRA) extended and expanded the Section 30D Clean Vehicle (CV) Credit, previously known as the Electric Vehicle (EV) Credit. The credit now covers “clean vehicles,” which include plug-in hybrids, hydrogen fuel cell cars and EVs. On April 17, 2023, the IRS will publish proposed regulations to clarify how a CV can qualify for the credit. […]
