Guys I got my TCH on Sept 15 2006 and my tax attorney told me I will only get back $750?!

Anyone else heard anything concurring or dissenting to the fact?

help is much appreciated.

p.S. Checkout my new website thekguru.com and if you know a lot about cars then sign up and help out people in the automotive section.

 

Your tax attorney may be misinformed. There are IRS bulletins that say you get the full credit $2600 if you purchase and put it in service thru September 30, then it drops to $1300. I have computed it using TaxAct and TurboTax software and both give me the full credit of $2600. I purchased and put it in service on September 2, 2006. What tax software is he using?

 

i have no idea about the software but i think its time for a new attorney.

 

Also, the credit cannot exceed your tax liability.

 

You might be getting dinged due to the AMT.

Here's a previous thread discussing this in length.

https://www.greenhybrid.com/discuss/...ad.php?t=12090