Automotive Tax Services

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How We Help

Automotive Companies

With over 20 years of experience personalizing our accounting and tax services to clients, we provide solutions that respond to unique automotive industry requirements. 

Partner with Polston Tax for comprehensive automobile industry accounting and tax resolution assistance. 

Accounting and Tax Planning for Automotive Dealers

Accounting for used car dealers and new vehicle franchises can be complex. Polston tax helps dealerships navigate distinct accounting challenges and satisfy tax requirements. 

Our experience with the Internal Revenue Service (IRS), generally accepted accounting principles (GAAP), and numerous state tax codes enable us to curate an optimal accounting and tax strategy for your dealership. We can analyze your business to determine the most pragmatic revenue recognition strategies and expense reporting. With our support, you can confidently determine and report sales tax from various revenue streams. We also help to determine tax deduction opportunities for expenses like trade-in purchases and vehicle value depreciation.

Contact Us

Automobile Dealer
Tax Resolution 

Polston Tax can help you exercise the options available to you when the IRS or state tax commission claims your dealership owes money.

Some options include: 

  • Submitting a tax appeal: Our services increase your chances of a successful appeal when you disagree with a claim from the IRS or state commission.
  • Requesting currently not collectible (CNC) status: You can qualify for CNC status when financial hardship limits your ability to pay your automotive business tax balance.
  • Proposing an offer in compromise: The IRS may accept an offer in compromise that is lower than the full amount they claim you owe.
  • Negotiating an installment agreement: State and federal tax agencies offer payment plans to reduce your balance gradually.
  • Mitigating financial penalties: We can help you file for IRS First-Time Penalty Abatement and build a strategy to limit penalties and interest.
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Our Services for the Automotive Industry

From accounting for used car dealers to tax court representation for franchises, Polston Tax offers diverse capabilities from experienced CPAs and attorneys.   

Accounting for Auto Dealerships 

Collaborate with us to develop a personalized accounting strategy and tax plan: 

Automotive Tax Resolution Services

Our automotive industry tax resolution services include the following:

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Working With Polston Tax

Collaboration and process personalization drive results in the automotive industry. With Polston Tax, you will follow a precise road map to your objectives with skilled navigators at your side. Our process streamlines the pursuit of your bookkeeping and tax management goals: 

  • Submit a consultation request.
  • Schedule an in-person, phone or virtual meeting.
  • Receive a service proposal and transparent quote.
  • Collaborate with a dedicated case manager, accountant, tax attorney and tax preparer.

We’ve Got You Covered!

Need a Tax Professional That Knows Your Industry?

Polston Tax professionals have knowledge and experience in the unique challenges faced by highly regulated businesses in the IT, Construction, Oil & Gas, Transportation industries and more!

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