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More Tax Release News

June 8th, 2006 at 06:15 am

Lots of new tax releases, but most probably not applicable to the majority here unless you are considering buying a hybrid car or you owe the IRS money:

The IRS announced that there will be an increase in the interest rates for the calendar quarter beginning July 1, 2006. Each of these interest rates increases by a single interest point over the rate in the second quarter.

The IRS also announced that Ford and Mercury Sold 6,100+ Hybrid Vehicles while Toyota and Lexus Sold 41,000+ Hybrid Vehicles this people can continue to claim the hybrid tax credit during the next quarter if the purchase a qualifying vehicle.

Lastly, the IRS had released updated information on the special enrollment exam

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