|
|
|
Automotive |
|
Tax Tips - Automotive
This section provides general information on subjects such as installment sales and how to value inventory.
Avoiding Problems - Automotive
This section discusses topics such as recordkeeping and corretly classifying employees.
Tax Laws and Regulations - Automotive
This page provides links to recent revenue rulings and court cases, legal determination of business use of the home and other regulations for the small business.
Trends and Statistics - Automotive
This site provides industry specific and general survey results that should be of interest to the small business owner.
Related Links - Automotive
This page provides you links to sites that have specific information dealing with the automotive industry.
Automotive Sales Industry
FS-2003-16 — IRS looks into increase in scams and fraud in the automotive sales industry.
Automotive Alert on Revenue Procedure 2001-56
On November 29, 2001 the IRS and Treasury announced the publication of Revenue Procedure 2001-56. The Revenue Procedure is the result of the new LMSB Industry Issue Resolution Pilot Program (IIR) and provides guidance on the proper tax treatment of demonstrator automobiles provided to automobile dealership employees.
Automotive Alert on Revenue Procedure 2002-17
On March 11, 2002, the IRS released the long anticipated resolution to the replacement cost LIFO issue. Revenue Procedure 2002-17 describes a safe harbor method of accounting for vehicle parts inventory that allows automobile dealers to approximate the cost of their parts. The revenue procedure includes procedures for dealers to receive automatic consent to change to the replacement cost method.
0302 Publ 3204 (PDF)
Automotive Manufacturers Incentive Program
General Small Business Information
This section provides general small business information useful in all industries and professions. It includes links to small business products, employment taxes, electronic filing and paying, taxpayer burden reduction, abusive tax avoidance transactions, and many other topics.
|
|
|
|
