Fraudulent Use Of EV Tax Credits Tarnishes The Program

Thousands of auto buyers may have improperly claimed more than $70 million in tax credits for purchases of new plug-in electric vehicles using ineligible cars and trucks, a U.S. Treasury Department watchdog said Thursday.

The questionable claims were found in 16,510 individual tax returns during a five-year period through the 2018 processing year, according to an audit by the Treasury Inspector General for Tax Administration. That compares with more than $1.4 billion paid in credits to almost 240,000 taxpayers over the same period that were reviewed as part of the audit.

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atc98092 - 10/4/2019 11:04:25 AM

0 Boost

How is that possible? You have to enter the VIN in your tax return, which I would expect to be validated to match a qualified model.

atc98092 - 10/4/2019 2:04:57 PM

0 Boost

Here we go again. I get voted down for a simple, honest question. They are stating the end users were filing and receiving the credit for cars that didn't qualify. Why isn't the IRS doing something so simple as validating the VIN they require on the tax form? Doesn't even require someone to do it manually. They could easily have a program validate it.

PUGPROUD - 10/4/2019 5:04:55 PM

+5 Boost

IRS computer systems behind the times and man power levels way down as well.

TomM - 10/4/2019 6:54:15 PM

+3 Boost

Well - Obviously - they are being caught
This is nothing less than Grand Larceny - get the money back PLUS a huge fine!