Discussion:Golf Cart Anyone?
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Discussion Forum Index --> Tax Questions --> Golf Cart Anyone?
| 20 October 2009 | |
| http://davisgolfcarts.com/taxcredit.htm | |
| 20 October 2009 | |
| Hmmm ...
And the phone number for the "IRS Analyst" http://www.whitepages.com/search/ReversePhone?full_phone=7324528109 taxbilly | |
| 20 October 2009 | |
| Actually, I just called the number and it does belong to a robert lew. | |
| 20 October 2009 | |
| I imagine that no pictures were given to the IRS when they were making the decision to 'certify' the golf carts. Only the description. | |
| 20 October 2009 | |
| But, but...
Da law says "Is manufactured primarily for use on public streets, roads, and highways;" Around here, it's hard enough getting stuck behind the horse and buggies - I can't wait till I have wait on golf carts. | |
| 20 October 2009 | |
| Not so fast. That horse and buggy could make a come back. If it does, they'll have to look into a credit for the heavy oat eaters (business use mules).
I understand that the Arab$ are buying up horses like crazy. Maybe they know something we don't. | |
Death&Taxes (talk|edits) said: | 20 October 2009 |
| I saw this about a month ago; there are a number of adult communities where the streets are on road maps but the community is gated. The speed limits for these are usually 15-25 mph. In addition there are public paths, so I can imagine this is not a bad deal for someone living there. | |
| 21 October 2009 | |
| "Da law says "Is manufactured primarily for use on public streets, roads, and highways;"
Actually the cars advertised in the link provided by Solomon must be "treated as a motor vehicle for purposes of title II of the Clean Air Act" to qualify for the credit amounts in excess of $2,500. (Form 8936) If the vehicle "is manufactured primarily for use on public streets, roads, and highways;" the maximum credit is $2,500. (Form 8834) Plug In electric vehicle or plug in electric drive motor vehicle! It will be interesting to see how long it takes to get the proper documentation from a client and/or salesman to differentiate between the two. And, with some of my clients, to determine if they properly converted any vehicle into a qualified plug in electric drive motor vehicle for up to a $4,000 credit (Form 8910). It wasn't this complicated back in 1985, can 1986 happen again? | |
| 21 October 2009 | |
| Crow, Yes, oats are an alternative fuel after all...
Maybe the law should stipulate a minimum mileage per year of 2000 miles. | |
| 21 October 2009 | |
| I know of gated senior communities where the homes are built with a garage large enough for a car and a cart. The golf carts are used around the community. The cars are used when going off the grounds. | |
| 22 October 2009 | |
| This is getting a lot of TV advertising in my area (SC), so I researched. As MWPXYZ noted, there is a federal credit for up to 10% of the cost of acquiring a "qualified plug in electric vehicle." The maximum credit is $2,500. Certain "low speed vehicles" (also known as "neighborhood electric vehicles" or "NEVs") do qualify if they have a speed between 20-25 miles per hour and a battery capacity of at least 4 kilowatt hours. A typical golf cart would not qualify, but certain street-certified NEVs do. Basically, the bigger ones with seat belts, turn signals, etc. seem to qualify. I've seen a 6-seater from Chrysler that probably qualifies. Clearly, though, there is no tax credit available for a 15 mph low-cost golf cart. Too bad, since I want one! | |
| 22 October 2009 | |
| "if they have a speed between 20-25 mph and a battery capacity of at least 4 kw hours."
Sounds like the personal injury lawyers and the battery people lobbied hard on this. You hit an 80 year old homeowner at 20-25 mph, and you'll kill him. Hmmmm, maybe the funeral home operators contributed as well. | |
Death&Taxes (talk|edits) said: | 23 October 2009 |
| There is 'fair and balanced' coverage of this issue "Is $5,500 Golf Cart Credit Emblematic of "Tax Policy in the Age of Obama" at taxprof blog | |
