The new federal rebate program formally known as the "Car Allowance Rebate System" (CARS) or more popularly known as "Cash for Clunkers" offers qualified consumers a federal government rebate of either $3,500 or $4,500 on the purchase of a new car as long as the buyer is trading in a used vehicle with a combined fuel economy of 18 miles per gallon or less.
The Department of Revenue, in Directive 09-5 , has ruled that "provided that the transaction otherwise qualifies, the payment for the vehicle traded-in may be excluded from the sales tax price subject to tax."
The rebate, which the federal government pays to the dealer, becomes in effect the value of the trade-in, which, in turn lowers the purchase price, which, in turn, lowers the amount of sales tax paid for the new vehicle.
Take a look under the hood: MassTaxConnect, DOR’s newest e-filing system posted on Sep 17
As you’ve probably heard, DOR has a new electronic filing system—MassTaxConnect—coming to business taxpayers November 30th, 2015. We’ve blogged about MassTaxConnect before, including about the top 10 benefits business taxpayers can expect from the system as well as “What’s New” with the system compared to …Continue Reading Take a look under the hood: MassTaxConnect, DOR’s newest e-filing system
Child Support Enforcement mentioned in national publication posted on Sep 4
Erica Gaynor, Workflow Implementation Manager with the Child Support Enforcement (CSE) Division was published in the August edition of the U.S. Dept. of Health and Human Services’ Administration for Children and Families’ newsletter “The Child Support Report”. Gaynor and CSE’s work with predictive analytics is garnering national …Continue Reading Child Support Enforcement mentioned in national publication
Courage at Work posted on Sep 1
“I was amazed that Mark and so many senior staffers took time out of their busy and hectic schedules to be supportive of me and the ALS cause,” she said. “It proves that no matter how challenging work is, there’s always time to show a little love.”