Barry G. Fowler, EA, leading expert in tax resolution issues and CEO of Taxation Solutions offers taxpayers a way to get significant income tax credits when they file their 2016 taxes by purchasing electric and/or low-speed vehicles.
Houston, TX – December 13, 2016 – Barry G. Fowler, CEO of Taxation Solutions, posted a new blog on the company website entitled “Drive Your Taxes Down,” in which Mr. Fowler offers examples of specific vehicles that could result in significant tax savings.
Fowler states, “If you’re in the market for a new car or you’ve purchased one this year, you might also be in for some great tax benefits.” He adds, “That is, if you purchase a plug-in electric vehicle or low-speed or two-or three-wheeled vehicles.”
According to Fowler, “The Federal government offers in income-tax credit that could save you big on your taxes and helps to reduce the effective cost of the vehicle. For instance if you purchase an electric car.”
“Let me be clear,” says Fowler. “This is not a purchase rebate.” He continues elaborating, “You won’t see a check in the mail. Instead, when you file your 2016 taxes you’ll be able to take a credit. And the credits are substantial, ranging from $2,500 to $7,500 for battery-electric and plug-in hybrid passenger cars, based on the size of the battery pack.”
The entire blog can be read at http://www.taxationsolutions.net/drive-your-taxes-down/
About Barry G. Fowler, EA
Barry G. Fowler founded Taxation Solutions out of a genuine concern for the IRS issues his clients face, many of whom are self-employed, contract employees, or entrepreneurs. For his contributions to his profession and expertise in tax resolution and financial planning, Fowler has been featured as one of America’s Trendsetters on CBS and Yahoo, and as a Premier Expert in Inc. Magazine. He has been instrumental in helping hundreds of people resolve complex tax issues with the IRS.
Fowler is licensed to represent taxpayers before the Internal Revenue Service, and is a longstanding member of several tax industry professional organizations: NAEA, NATP, TSEA, ASTPS.