Sierra Club Pushes IRS For SUV Audits

As one of the country’s leading conservation organizations, the Sierra Club often asks the Environmental Protection Agency to enforce federal laws to protect the environment. Now, the club wants the Internal Revenue Service (IRS) to step up its auditing efforts on certain SUV owners and to help the environment in the process.

In a press release last month, the San Francisco-based Sierra Club explained its directive to the IRS. The club contends that a tax loophole encourages small-business owners to buy gas-guzzling SUVs that contribute to global warming.

The IRS allows small businesses a tax break of up to $25,000 for a vehicle that weighs more than 6,000 pounds and is used for business purposes 50 percent of the time. The Sierra Club argues that the law was meant to include work trucks and delivery vans, not sport utility vehicles, which often weigh more than 6,000 pounds.

The club says that some small-business owners take advantage of the law by buying SUVs for their personal use. Daniel Becker, director of the Sierra Club’s global warming and energy program, said, "the IRS needs to ensure that this bizarre loophole isn't abused, putting even more gas-guzzlers on the road."

You may like these other stories...

A new report released on Tuesday found that the US airline industry receives nearly $1 billion in tax breaks annually from states for jet fuel.The study, conducted by UNITE HERE International Union, a labor union that...
Boehner, Camp profit from corporate bid to avoid US taxesRichard Rubin of Bloomberg reported on Tuesday that House Speaker John Boehner (R-OH) and House Ways and Means Committee Chairman Dave Camp (R-MI) profited from a...
The Republican civil war on taxes is comingA specter is haunting the Republican Party – the specter of Ronald Reagan’s tax cuts, Matt O’Brien of Washington Post Wongblog wrote on Friday.For the last 35...

Already a member? log in here.

Upcoming CPE Webinars

Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.
Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.
Sep 26
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.