Automotive Tax Center
Avoiding Problems - Automotive
This section contains important information on recordkeeping, misclassification of employees and warns you of fraudulent automotive schemes.
Report of Cash Payments Over $10,000 Received in a Trade or Business - Motor Vehicle Dealership Q&As
The Motor Vehicle Technical Advisor Program in conjunction with IRS specialists on money laundering would like to assist dealers in their compliance with the filing requirements of Form 8300. In pursuit of that goal, we have compiled a list of dealership specific questions and answers.
Tax Laws and Regulations - Automotive
This page provides revenue rulings and court cases related to the Automotive industry.
Tax Tips - Automotive
This section provides general information on subjects such as installment sales and how to value inventory.
Trends and Statistics – Automotive
This section provides industry-specific trends and statistics, as well as general resources for small business owners.
New Vehicle Dealership Audit Technique Guide
Overview of the issues that exist in the motor vehicle dealer industry – including some of the basics about books and records and specific issues that exist, including extended service contracts, service technician tool reimbursements and other compensation issues.
Retail Industry ATG - Chapter 3: Examination Techniques for Specific Industries (Independent Used Automobile Dealerships)
The Audit Techniques Guides (ATGs) focus on developing highly trained examiners for a particular market segment. These Guides contain examination techniques, common and unique industry issues, business practices, industry terminology and other information to assist examiners in performing examinations.
Workbook on Reporting Cash Payments of over $10,000
The law requires that trades and businesses report cash payments of more than $10,000 to the federal government by filing IRS/FinCEN Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business This workbook helps determine what transactions a business must report and how to report them and also addresses the civil and criminal penalties that might apply for noncompliance with the rules.
General Information for Businesses
Tax Information for All Small Businesses
This section provides general small business information useful in all industries and professions. It includes links to small business products, employment taxes, electronic filing and paying, taxpayer burden reduction, abusive tax avoidance transactions, and many other topics.
Worker Classification (Independent Contractors vs. Employees)
Are you or your help independent consultants or employees? Before you can know how to treat payments you make for services, you must first know the business relationship that exists between you and the person performing the services.