RC-Monster Forums - View Single Post - Cash For Clunkers- I was unaware

06:36 PM

It's even worse than many think. I talked to an IRS agent today and she confirmed what I heard. That is the $4500 rebate is considered income in some states and come April 15th you may have to pay tax on it. Surprise!http://www.businessinsider.com/whoop...t-taxed-2009-8

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Electric Eel Guest Posts: n/a	09.14.2009, 06:31 PM It's even worse than many think. I talked to an IRS agent today and she confirmed what I heard. That is the $4500 rebate is considered income in some states and come April 15th you may have to pay tax on it. Surprise!http://www.businessinsider.com/whoop...t-taxed-2009-8 Last edited by Electric Eel; 09.14.2009 at 06:36 PM.