Are the plates issue based on the car value that would be deductible on Schedule A???
California license plates
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Tip - if your client can not provide you with the CA DMV renewal form that will list out all of the charges
Ca DMV has a website http://www.dmv.ca.gov/portal/home/dmv.htm go to online services, Vehicle Registration Fee Calculator, Determine Vehicle License Fee (vlf) paid for Tax Purposes
You will need the Vehicle License number, and the last 5 #'s of the Vehicle ID Number (VIN)
SandyComment
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Cannot deduct fees of any kind
In NC we have city "fees" and county "fees" and they all show up on the annual vehicle "tax bill" but, in accordance with IRS regs, those separate fees cannot be treated as deductible property taxes.
Maybe CA sees things in a different perspective??
FEComment
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Doesn't change the question
As mentioned earlier, locally the annual "fees" run from $10/vehicle to $35/vehicle dependent upon garaging location. And they use the same mentality for real property by adding on such cutesy things as "$50 recycling fee" for each homeowner. Some are even adding "stormwater runoff fees" to the annual tax bill.
You cannot make this stuff up! ! !
FEComment
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I did not think you could EVER deduct "fees" but only taxes which are in some way, shape, or form based upon the ad valorem value of the vehicle.
In NC we have city "fees" and county "fees" and they all show up on the annual vehicle "tax bill" but, in accordance with IRS regs, those separate fees cannot be treated as deductible property taxes.
Maybe CA sees things in a different perspective??
FEComment
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