“ Investigators found that the IRS lacks an effective process to identify and prevent erroneous claims for the EV credit, which tops out at $7,500 and is intended to offset the cost of purchasing a plug-in electric vehicle.”
IRS doing yeoman’s work as usual. This should have been caught on the tax returns.
I am shocked! Shocked I tell you!
That the government runs yet another poorly designed/unacountable program that is ripe for misuse.
And this in a nutshell is why I’m glad I leased. I do not want to be dealing with the inevitable audit that will follow here.
It’s only about 10,000 crooks who mis-filed. Most are probably wealthy and will gladly pay a penalty to not get further audited. The IRS will easily recoup 100 M out of this…
Only after spending 150M in labor to get the 100.
It’s fake news, these people didn’t actually claim the tax credits, they just said it would be great if they could get them…