Search found 108 matches

by PatrickZWang
Mon Apr 09, 2012 5:33 pm
Forum: Chevy Volt Buyers Forums
Topic: When to send in tax form for $7500 tax credit
Replies: 8
Views: 5773

Re: When to send in tax form for $7500 tax credit

Glad it worked out Bob!

Patrick
by PatrickZWang
Sat Apr 07, 2012 5:39 pm
Forum: Chevy Volt Buyers Forums
Topic: When to send in tax form for $7500 tax credit
Replies: 8
Views: 5773

Re: When to send in tax form for $7500 tax credit

Hey Bob, Check out the post here, and read the instructions on form 8936 General Rebates and Incentives Post http://www.mychevroletvolt.com/chevrolet-volt-tax-incentives-and-rebates Form 8936 http://www.irs.gov/pub/irs-pdf/f8936.pdf Eligible Vehicles for Credit http://www.irs.gov/businesses/article/...
by PatrickZWang
Fri Apr 06, 2012 9:25 pm
Forum: General Chevy Volt Forum
Topic: 7500 Energy Credit for Chevy Volt
Replies: 2
Views: 2714

Re: 7500 Energy Credit for Chevy Volt

Sorry to hear you got your return flagged, but assuming you bought the Volt new and you have the documentation, you should be in the clear on this one. Unfortunately I'm not a tax professional so I can't dispense specific advice, but I'd suggest you contact one to help you on this if you feel uncomf...
by PatrickZWang
Fri Apr 06, 2012 9:23 pm
Forum: Chevy Volt Buyers Forums
Topic: When to send in tax form for $7500 tax credit
Replies: 8
Views: 5773

Re: When to send in tax form for $7500 tax credit

Bob, I'm not sure what happened in your case, but this is indeed a $7500 credit. You don't need to do anything else, but you do need to have documentation that you purchased the car and that you purchased it new from the dealer (were the first registered owner). Basically you file for the credit on ...
by PatrickZWang
Fri Apr 06, 2012 9:21 pm
Forum: General Chevy Volt Forum
Topic: Volt gas engine question
Replies: 5
Views: 5631

Re: Volt gas engine question

Hey Bob, Using Mountain Mode to extend your gas mileage is probably not a great idea unless you are using the engine to create heat for the cabin. The main reason is that converting the gas into electricity, then putting it in the battery and then taking it back it is not efficient. Remember you los...
by PatrickZWang
Fri Apr 06, 2012 9:19 pm
Forum: Chevy Volt Buyers Forums
Topic: Low Income Tax Payer for the $7500 Federal Tax Credit
Replies: 12
Views: 14200

Re: Low Income Tax Payer for the $7500 Federal Tax Credit

Hey Bob,

Not sure of your specific tax circumstances, but it is a $7500 credit for individuals and businesses alike.

Patrick
by PatrickZWang
Wed Mar 14, 2012 2:42 pm
Forum: Chevy Volt Owners Lounge
Topic: any body know the tax credit still available for 2012
Replies: 8
Views: 5707

Re: any body know the tax credit still available for 2012

Hey Glenn,

It is a $7500 nonrefundable credit. Meaning you can only reduce your tax liability to $0. If you for example only pay $5000 in taxes after your other deductions, you will only get $5000 back.

Patrick
by PatrickZWang
Sat Feb 18, 2012 5:29 pm
Forum: Chevy Volt Buyers Forums
Topic: Low Income Tax Payer for the $7500 Federal Tax Credit
Replies: 12
Views: 14200

Re: Low Income Tax Payer for the $7500 Federal Tax Credit

Hey There,

Unfortunately the tax credit is what they call "non-refundable" meaning that it can only reduce your tax liability to $0 for a given calendar year. (No carryovers allowed)

Patrick
by PatrickZWang
Mon Feb 13, 2012 6:50 pm
Forum: Chevy Volt Owners Lounge
Topic: Can I keep the 110 v station plugged in?
Replies: 8
Views: 7497

Re: Can I keep the 110 v station plugged in?

The 110v station should be fine to leave plugged in. It's pretty simple electronics on board. You'll use a little bit of power just to keep it in standby mode, but probably not a horrible amount. I don't know of any way to disable or power off the unit short of unplugging it though. Have you conside...
by PatrickZWang
Mon Feb 13, 2012 6:48 pm
Forum: Chevy Volt Owners Lounge
Topic: Power consumed while Volt is on but parked
Replies: 3
Views: 3047

Re: Power consumed while Volt is on but parked

Couple things to consider that are power draws. 8 Miles of energy is roughly 2.4 Kw-h, so looking at drawing about 400 watts for 6 hours. 1.) If climate control is on (e.g. blower motor, heater, etc) obviously that is a big draw - But i suspect this was not the case as I think it would have drawn mo...

Go to advanced search