IRS audits dealers over taxes on factory rewards

Harris, Donna Lawrence
May 1996
Automotive News;5/27/1996, Vol. 70 Issue 5661, p4
Trade Publication
Reports that the US Internal Revenue Service (IRS) will conduct audits to verify if automobile dealers comply with a tax policy which requires dealers to withhold taxes on their employees' wages. IRS' issuance of a private letter ruling in 1995; Dealers' complaints about the tax policy; Dealers' dislike of factory incentives. INSET: How much to withhold..


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