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IRS Gibberish of the Week

BobKamman
Level 15

I found this in an IRS email sent to practitioners on Friday.  IRS often lists a PhD (or equivalent experience) in its requirements for a Public Affairs job -- but no tax training needed:

"Also, the clean vehicles tax credits are non-refundable tax credits meaning that these credits can’t be used to increase the taxpayer’s tax refund or to create a tax refund. These credits will only reduce the amount of tax they owe."

0 Cheers
1 Comment 1
IRonMaN
Level 15

Well, at least now we know all we need to know about those credits. 😳


Slava Ukraini!