according to the report lots of auto buyers may have improperly claimed more than 70 million in tax credits for buying new electric vehicles thousands of auto buyers may have improperly claimed more than 70 million in tax credits for purchases of new plugin electric vehicles using ineligible cars and trucks a us treasury department watchdog said thursdaythe questionable claims were found in 16510 individual tax returns during a fiveyear period through the 2018 processing year according to an audit by the treasury inspector general for tax administration that compares with more than 14 billion paid in credits to almost 240000 taxpayers over the same period that were reviewed as part of the audit advt details about how taxpayers improperly claimed the credits were mostly redacted though the audit found that the internal revenue service lacks an effective process to prevent improper claims under the program which awards as much as 7500 for electriccar buyers read alsoindia has potential to become one of the largest electric vehicles markets reportkarnataka bhavan in delhi to get electric vehicles although the irs has taken steps to address some of tigtas previous recommendations to improve the identification and prevention of erroneous credit claims many of the deficiencies previously identified still exist according to the auditthe treasury watchdog made four recommendations to the irs which agreed with the findings the irs plans to start a program to recover erroneous credits among other steps according to a summary of the audit bloomberg published on oct 4 2019 at 0849 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app electric vehicles electric car ev tax cars trucks homenewsindustryconsumers got millions in questionable electriccar tax credits