Treasury Audit Unearths One-3rd of US Biofuel Tax Credit Wrongly Awarded

Treasury Audit Unearths One-3rd of US Biofuel Tax Credit Wrongly Awarded

A federal audit of 124 U.S. taxpayers claiming biofuel tax credits revealed that as many as 42 of them – or roughly one-third – failed to submit the proper paperwork and should not have been given the credits.