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Taxation & Estate Planning

: TaxProf Blog

Fact-Checking the Tax Treatment of Cash for Clunkers

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Following up on my previous posts: Tax Clunkers (Aug. 26, 2009) Tax for Clunkers (Continued) (Aug. 28, 2009) FactCheck.org asks "Clunkers" Credits Taxable?: Q: Will the "Cash for Clunkers" credits be taxed as income for consumers who participated in the program? A: The act establishing the program prohibits the credit...

Full post as published by TaxProf Blog on September 12, 2009 (boomark / email).

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