The agency said it is providing the relief because both lenders and the IRS need more time to comply with the new car loan ...

Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to reporting requirements.

The IRS published transitional guidance allowing recipients of interest on specified passenger vehicle loans to satisfy new reporting obligations under I.R.C. §6050AA for calendar year 2025 through ...

Taxpayers who buy a new car assembled in U.S. may be able to deduct up to $10,000 beginning in 2025. To help sort out the ...