Green Options

Switzerland has historically been a tax haven for Americans (and citizens of other nationalities) however this is about to come to an end as UBS, the largest bank in Switzerland, has agreed “to divulge the names of well-heeled Americans whom the authorities suspect of using offshore accounts at the bank to evade taxes. The bank admitted conspiring to defraud the Internal Revenue Service and agreed to pay $780 million to settle a sweeping federal investigation into its activities.” (New York [...]

The “economic bailout” passed by Congress in October included the extension of federal tax credits for energy efficiency. Here is a brief overview of the federal incentives.

It looks like the new line of clean diesels from VW, including the new Jetta TDI and SportWagen, will be eligible for a $1,300 Federal Income Tax Credit.

VW made the announcement earlier in the week after receiving notification from the IRS that clean diesels would meet the “Advanced Lean Burn” motor vehicle income tax credit.

Happy Tax Day! It actually came late this year, though some of us still may be working down to the wire. Get things done fast and simply by going completely "e" with your taxes this year.