Reminder: Jan. 31 Deadline for Form 8300 Statements
Dealers who receive more than $10,000 in cash in a single transaction or in related transactions must file Form 8300 with the IRS by the 15th day after the date the cash transaction occurred. Besides filing Form 8300, you also need to provide a written statement to each party whose name you included on the […]
Read MoreBeware of Fake DC Auto Show Visitor Lists
WANADA has received reports of individuals attempting to sell “DC Auto Show Visitors Lists” via email. Please be aware that these lists are scams and are not authorized to represent WANADA or The Washington, DC Auto Show in any capacity. Many of the emails that have been provided to WANADA staff originate from email addresses […]
Read MoreRegister Today for the WANADA Member Reception at the DC Auto Show!
The Washington, D.C. Auto Show is less than one month from opening, so be sure to save the date in your calendars so as not to miss a variety of industry and dealer focused events featured this year. The highlight of the show for most WANADA members is, of course, the WANADA Member Reception. For […]
Read MoreFTC Safeguards Rule Deadline Now June 9, 2023
The Federal Trade Commission announced it is extending by six months the deadline for companies to comply with some of the changes the agency implemented to strengthen the data security safeguards financial institutions must put in place to protect their customers’ personal information. The deadline for complying with some of the updated requirements of the […]
Read MoreFrom NADA: Congress to Decide LIFO Relief Bill Likely This Week
Congress is wrapping up its work for the year and is currently negotiating an omnibus spending bill that will carry some unrelated provisions. It is possible it may include the LIFO relief bill, the “Supply Chain Disruptions Relief Act” (S. 4105/H.R. 73820) in this year-end package. While it does not amend the tax code, it […]
Read MoreMontgomery County EV Purchasing Co-Op
The Montgomery County Department of Environmental Protection (DEP) will be helping residents find discounts on electric vehicles (EVs) with the launch of its new “EV Purchasing Co-op Dealership Incentives” web page. The program is the first in Maryland where a local jurisdiction is partnering directly with local automobile dealerships to provide incentives and discounts for […]
Read MoreFrom VA MVDB: Salespersons’ Licenses Reminder
In the most recent issue of “Dealer Talk,” the Virginia Motor Vehicle Board included the following reminder about salesperson licenses that has been reprinted in full below. ### Dealer-Operators, F & I Employees, and Sales Managers must have sales licenses. Legislation in 2006 expanded the definition of a motor vehicle salesperson to include those functions […]
Read MoreBeware of Fake DC Auto Show Visitor Lists
WANADA has received reports of individuals attempting to sell “DC Auto Show Visitors Lists” via email. Please be aware that these lists are scams and are not authorized to represent WANADA or The Washington, DC Auto Show in any capacity. Many of the emails that have been provided to WANADA staff originate from email addresses […]
Read MoreSave The Date for WANADA Events at the DC Auto Show
The Washington, D.C. Auto Show is less than one month from opening, so be sure to save the date in your calendars so as not to miss a variety of industry and dealer focused events featured this year. First, you don’t want to miss Public Policy Day on Thursday, January 19, 2023. As the “public […]
Read MoreJack Fitzgerald Named an Automotive News “Visionary Dealer”
In its recent “Visionary Dealers” issue, Automotive News’ DC correspondent Audrey LaForest profiled former WANADA Chairman Jack Fitzgerald. The article has been reprinted in part below and can be viewed online here. Veteran dealer Jack Fitzgerald started a “no haggle” pricing philosophy in 1979, when Chrysler was facing its first brush with bankruptcy. It changed […]
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