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.

Track Your Tax Refund: Tips and Tools to Get Your Money Faster!

In this episode of the Locum CPA Podcast, CPA Stephen Lee provides comprehensive guidance on tracking your tax refund using the IRS's 'Where's My Refund' tool. The video includes tips on how to receive your refund faster, the expected timing for refunds based on different filing methods, and common reasons for delays. Stephen Lee also offers advice on avoiding refund delays, understanding status updates, and important filing dates. Ideal for locum medical professionals and anyone looking to streamline their tax refund process.

🔹Online: Go to IRS.gov/refunds

🔹IRS2Go App: Download the IRS’s official mobile app

🔹Phone Hotline: Call 800-829-1954 for an automated update

00:00 Introduction to Tax Refund Tracking

00:29 Welcome to Locum CPA Podcast

00:38 How to Track Your Tax Refund

01:15 Required Information for Tracking Refund

02:26 Timing of Your Tax Refund

04:30 Common Causes of Refund Delays

07:39 Tips to Avoid Refund Delays

08:58 Important Dates for Tax Refunds

10:06 State Income Tax Refunds

10:26 Conclusion and Final Tips

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

🔔 Subscribe for more tips and strategies tailored for healthcare professionals!

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.

Top 8 Tax Deductions for Medical Professionals in 2024 | Locum CPA Podcast

Are you a locum medical professional preparing for your 2024 tax return? Join Stephen Lee, a certified public accountant specializing in helping locum medical professionals, as he reveals the top eight tax deductions you can't miss. Learn how travel and lodging expenses, licensing and certification fees, malpractice insurance, work-related supplies, home office deductions, retirement contributions, health insurance premiums, and CME costs can significantly lower your taxable income. Don't miss out on these vital tips to maximize your savings for 2024!

00:00 Introduction to 2024 Tax Deductions for Medical Professionals

00:54 Importance of Tax Deductions for Locum Professionals

01:30 Top 8 Tax Deductions: Travel and Lodging Expenses

02:27 Licensing and Certification Fees

03:28 Malpractice Insurance

03:44 Work-Related Supplies and Equipment

04:06 Home Office Deduction

05:06 Retirement Contributions

06:30 Health Insurance Premiums

06:49 CME and Conference Costs

07:26 Conclusion and Final Tips

https://thelocumcpa.com/

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