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Taxation & Estate Planning

: TaxProf Blog

Tax for Clunkers

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Following up on my previous post, Cash for Clunkers = Gross Income to Dealers (Not Customers), which explained that the statute expressly provides that the $3,500 and $4,500 rebates are not treated as income to car buyers for federal income tax purposes (as confirmed in the government's official clunker website's...

Full post as published by TaxProf Blog on August 26, 2009 (boomark / email).

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