Shocked. Shocked!

February 4th, 2011 by Joe Kristan

20110204-1.jpgI’m shocked that non-compliance and fraud is going on here in the electric car tax credit casino! But the Treasury Inspector General for Tax Administration says it is so:

Approximately $33 million in credits for plug-in electric and alternative-fueled vehicles credits were erroneously claimed by at least 12,920 taxpayers through July 24, 2010. … That means about 20% of the $163.9 million in credits claimed by taxpayers from January 1, 2010 to July 24, 2010 for plug-in electric and alternative motor vehicle credits were claimed in error. In the course of its review, TIGTA also found that 1,719 of the 12,920 individuals also erroneously reduced the amount of Alternative Minimum Tax they owed by almost $5.3 million.
According to TIGTA


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