Willie Nelson’s Rolls-Royce Themed Golf Cart at Barrett-Jackson

Willie Nelson’s Rolls-Royce Themed Golf Cart at Barrett-Jackson
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Attention frat boys and country music fans: Willie Nelson’s Rolls-Royce styled golf cart will be up for auction in Palm Beach, Fla. during the upcoming auction from April 5 through 7. Built in 1981 and given to the country music legend by his former wife, Connie, the electric-powered cart features a Rolls grille and hood… Continue Reading...

AMP Electric Vehicles Now Qualify for Tax Credit

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AMP Electric Vehicles Now Qualify for Tax Credit
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While some electric vehicle companies are floundering, AMP Electric Vehicles has just been cleared by the IRS to give a federal tax credit to its customers.  With the prices of gas steadily increasing, the timing of AMP’s qualification is right on point. Jim Taylor, AMP CEO says “Given the recent increase in gas prices and the… Continue Reading...

Prisoners, The Deceased And Underage Applicants Defraud U.S Gov’t Of $152 Million

Prisoners, The Deceased And Underage Applicants Defraud U.S Gov’t Of $152 Million
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The Treasury Inspector General for Tax Administration (a non-partisan watchdog group) says the Internal Revenue Service failed to stop millions of dollars of fraudulent claims from being issued to prisoners, the deceased and underage applicants. The IRS’s system is designed to catch fraudulent claims before sending taxpayer money to criminals. However, a Reuters report explains that the qualified motor vehicle… Continue Reading...

New IRS Rules Give Businesses 100% Tax Deduction on Big Truck Purchases This Year

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New IRS Rules Give Businesses 100% Tax Deduction on Big Truck Purchases This Year
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While the Obama Administration is pushing for a 62-mpg CAFE regulation, promoting small, green cars, the IRS has a plan to get owners of businesses behind the wheel of a gas guzzling behemoth. In what appears to be a plan to stimulate the economy, the IRS has announced new tax rules for companies that make… Continue Reading...

Report: 2014 Ford Mustang to Get Independent Rear Suspension

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Report: 2014 Ford Mustang to Get Independent Rear Suspension
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Ford is planning an independent rear suspension (IRS) for the next-generation Mustang. Due out in 2014, this next model will celebrate 50 years of the iconic pony car. The news comes from Motor Trend after discussions with several Ford execs and one unnamed company insider. It is also based on several assumptions, which include the… Continue Reading...

Car Scrappage Plan and Auto Tax Deductions Coming says Obama

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Car Scrappage Plan and Auto Tax Deductions Coming says Obama
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Photo Courtesy whitehouse.gov While President Barak Obama’s press conference on what his administration is doing to solve the crisis in the U.S. auto industry focused mostly on helping out General Motors and Chrysler, he did give brief mention of a few initiatives aimed at jump-starting car sales at the consumer level. Two main programs were… Continue Reading...

Diesel BMWs Qualify for Tax Credit

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Diesel BMWs Qualify for Tax Credit
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Thanks to a new low emissions diesel engine, BMW models equipped with the twin-turbo 3.0-liter diesel inline-six motor will qualify for a tax credit, valued at up to $1,800. The Advanced Lean Burn Technology Motor Vehicle Tax Credit has just been confirmed by the IRS, and is awarded to vehicles that burn significantly less fuel… Continue Reading...