Tax Resolution Attorney John P. Willis on Tax Credits for Buying Electric Vehicles
Tax resolution attorney John Willis, CEO and founder of IRSALLSTAR, urges readers looking for substantial year-end tax savings to find out if they qualify for electric plug-in vehicle tax credits at the federal and state levels.
Fairhope, AL, December 19, 2016: Tax Attorney John Willis, CEO and founder of IRSALLSTAR.com, recently posted a new article on his website entitled “Depending on Your IRS Tax Bill, You Could Plug Into Substantial Savings.” Anyone looking for a great way to cut their 2016 tax bill will want to take a spin through Mr. Willis’s latest article.
Willis writes, “With just a few more weeks left in 2016, you still have time to take advantage of a program that offers substantial tax savings.” He continues adding, “If you purchase an electric plug-in or hybrid plug-in vehicle by December 31st you could potentially drive away with a tax credit anywhere from $2500 up to $7500. This may not be the best solution for everyone with an outstanding IRS tax bill, but it could be a surprising holiday gift for some.”
According to Willis, “If you’re in the market to drastically reduce your tax bill and get a new set of wheels, there are ways to save at the federal and state level. It all depends on the vehicle you purchase and how much you owe the IRS.”
Willis goes over some of the qualifications. He states, “For starters, your tax bill must be at least $7500 to get the largest credit.” He elaborates, “The IRS is not going to issue you a refund if you only owe $5000 and purchase a car that qualifies for the $7500 credit. So, you’ll want to make sure you do careful research before making a purchase.”
“Additionally,” says Willis, “the federal credits are based on the battery size of the vehicle. Plug-in hybrids and battery-electric vehicles must have battery packs that are rated for at least 4 kWh of energy storage and are capable of being recharged from an external source.”
The entire article can be read at: http://www.irsallstar.com/articles/depending-on-your-irs-tax-bill-you-could-plug-into-substantial-savings.php
ABOUT JOHN WILLIS
Mr. Willis believes strongly in supporting and representing the “underdog” and has devoted his entire professional life to protecting and defending those who need it most. As an attorney, Mr. Willis takes his role as “counselor” seriously. His knowledge, creativity and persistence are valuable assets that provide substantial benefits to his clients. He has represented individuals and businesses across the Gulf Coast for over 15 years and he brings together an abundance of skills and experience that can be of assistance to almost anyone.
ABOUT THE IRSALLSTAR TEAM
The IRSALLSTAR team has developed a winning formula to ensure that each client’s individual needs are specifically met. Upon becoming a client of Mr. Willis’ law firm, that client’s immediate needs are assessed and long-term goals are defined. Experienced professionals on the IRSALLSTAR team then assist each client in developing and implementing a custom-tailored game plan to provide both short-term and long-term relief from his or her serious tax problems. All firm clients are continually coached toward successful tax resolution and final victory over their challenges with the IRS and state taxing authorities.
To learn more about Mr. Willis and his law firm please visit http://www.IRSALLSTAR.com or call toll-free 877-254-4254.