The alternative motor vehicle credit is difficult for the Internal Revenue Service to administer because of complex tax laws, according to a new report.

The Treasury Inspector General for Tax Administration found that the IRS generally provided the right information for most taxpayers to claim the credit. However, some taxpayers erroneously claimed the credit for leased vehicles because the form and instructions did not clearly inform them that credits were available only to vehicle owners.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access