Most people I talk to about their IRS problem have already built the worst-case scenario in their head. The reality is usually much more manageable. I'm Darrin Mish, and I've been representing taxpayers before the IRS for 32 years. Here's what actually tends to happen.
Volkswagon, the car manufacturer, is in hot water over whether the company lied to the federal government about claiming tax credits for cars that fell short of qualifying low-emission standards. The EPA, recently, busted VW for installing devices that would allow their vehicles to meet emission qualifications even when the vehicle’s emissions far exceeded standards set for low emissions.
As such, these vehicles were able to qualify for a tax credits to the tune of over $50 million. That’s a lot of money, and clearly speaks to the practice of how corporations find creative ways to bilk money from the government.
Roughly 60,000 of these vehicles were sold in the U.S. As to a recall, the jury is still out. In the meantime, the government has made requests for documentation and communications regarding the installed devices.
VWs American division is in the hot seat and is scheduled to appear before the Subcommittee on Oversight and Investigations.
Check out more IRS News stories by clicking that link.