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News EssentialsThe Newsroom TopicsCredits and Deductions Under the Inflation Reduction Act of 2022 IRS Resources | Welcome to the first edition of e-news for clean vehicles. This bulletin will be used to get important updates and relevant information to you quickly. Yesterday, the IRS launched the IRS Energy Credits Online tool, available for free from the IRS. Car dealers can now register to submit time-of-sale reports and receive payments from the IRS for the clean vehicle tax credits. Dealers expecting to sell clean vehicles next year should register as soon as possible. Buyers will not be able to claim or transfer a clean vehicle tax credit if the dealer has not registered and does not successfully submit a time of sale report to IRS Energy Credits Online. Initially, only one individual representative of the dealer or seller who is currently authorized to legally bind the dealer or seller can complete the initial registration through IRS Energy Credits Online. Starting December 2023, dealers and sellers will be able to authorize more than one employee to submit Time of Sale reports and advance payment requests. The IRS is dedicated to helping you with this process. If your dealership runs into difficulty at any point in the registration process, you can contact IRS.Clean.Vehicles.Dealer.Info@IRS.gov. In the coming weeks, the IRS will be establishing "office hours" that will give dealers and sellers an opportunity to ask questions or resolve problems. We will continue to send important updates and information through this bulletin. The IRS has release additional resources that can be found here: Publication 5862: Energy Credits Online: Register for Energy Credits Online Publication 5867: Clean Vehicle Dealer and Seller Energy Credits Online Registration User Guide Publication 5865: Clean Vehicle Credit Transfer Publication 5866: New Clean Vehicle Tax Credit Checklist Publication 5866a: Used Vehicle Tax Credit Checklist Dealer Registration Frequently Asked Questions Video: How to Dealers and Sellers Register for Energy Credits Online
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