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re: Flex Fuel Vehicle Tax Deduction

Posted on 2/7/12 at 2:30 pm to
Posted by TortiousTiger
Baton Rouge
Member since Jan 2007
12668 posts
Posted on 2/7/12 at 2:30 pm to
quote:

I like the confidence factor of saying your scope of knowledge exceeds a trained professional.


well, I have been to more complex tax law classes than 99% of the cpas out there (although I don't deal with tax on a daily basis).

I also don't trust anyone to not be an idiot with my money.

quote:

So your understanding is that just because your vehicle does not seem to qualify by all relevant standards


what you fail to accept is that there is only ONE relevant standard and that is outlined in black and white (and quoted for you several times)
Posted by iknowmorethanyou
Paydirt
Member since Jul 2007
6550 posts
Posted on 2/7/12 at 2:39 pm to
IF you pull this off, you should open a tax service (for a 1/3 fee) to provide the info to those in the same boat (or F150) as you.

I have no doubt that you know your stuff. I just think you're being a little too brazen to think there is wiggle room here. Sometimes the "frick the man I want my $3K credit" is a slippery slope.

Go for it and report back! I'd love to be wrong. It means a taxpayer gets a pretty nice break rather than the usual BS we hear.
Posted by tigeryat
God's Country
Member since Oct 2005
2917 posts
Posted on 2/7/12 at 2:41 pm to
quote:

TortiousTiger


Let us know how it works out.
Posted by socks and sandals
Lou-z-an-r
Member since Aug 2004
803 posts
Posted on 2/7/12 at 2:47 pm to
I'm completely confused now. Per that link, the 2011 5.0L V8 (which is the same motor as the 2012)is not a FFV but the 2012 is...They are both E85. Anyone else catch that?
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