Tag Archives: low milege vehicle

What does the term “Suspended Vehicle” Mean?

IRS tax jargons are pretty complicated to decode, today let’s throw some light on the term “SUSPENDED VEHICLE”.  Taxpayers mostly get confused with the term Suspended vehicle, reason is very simple as per their understanding they think it means any vehicle that they take out of service is defined as suspended vehicle. That’s absolutely incorrect. So what does it mean?… Continue reading