Denied EV Tax Credit? Here's Why and What to Do Next!

Have you recently purchased an electric vehicle and are looking to utilize the $7,500 EV tax credit? Many buyers are being denied this valuable credit. In this episode of the Locum CPA Podcast, CPA Stephen Lee explains why these denials are happening and what steps you can take to address it. Learn about the common reasons for denial, including dealer misfiling, income limits, ineligible vehicles, and timing issues. Find out how to double-check your eligibility, contact your dealer for corrections, file an appeal with the IRS, and seek professional tax help. Don't let a denial discourage you – take action to secure your EV tax credit! Tune in for crucial insights and helpful tips.

00:00 Introduction to EV Tax Credit Issues

00:27 Welcome to the Locum CPA Podcast

00:56 Overview of EV Tax Credit Denials

01:42 Reasons for EV Tax Credit Denials

03:12 Steps to Take if Denied the EV Tax Credit

04:12 Final Tips and Encouragement

04:26 Conclusion and Call to Action

IRS EV Credit:https://www.irs.gov/clean-vehicle-tax...

IRS EV Credit Income Limitations:https://www.irs.gov/credits-deduction...

How to Start and Operate Your Locums Practice:https://thelocumcpa.com/

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The Locum CPA is hosted by Stephen Lee, a Certified Public Accountant and Certified Private Wealth Advisor®. On this channel, you will find strategic business advice related to locum tenens professionals. Topics to be covered will include how to set up and operate your locum tenens practice to maximize tax deductions, tax savings, pay quarterly estimated taxes and bring overall peace of mind when operating a locums practice. The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.