2023 Time of Sale Reporting deadline has been extended

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e-News for Clean Vehicle Industry February 7, 2024
News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscriptions The Newsroom Topics Credits and Deductions Under the Inflation Reduction Act of 2022 Clean Vehicle Tax Credits Frequently Asked Questions About the New, Previously Owned and Qualified Commercial Clean Vehicles Credit Multimedia Center Noticias en Español Tax Scams Fact Sheets IRS Tax Tips Armed Forces Latest News Home IRS Resources Contact My Local Office Filing Options Forms & Instructions Frequently Asked Questions News Taxpayer Advocate Where to File IRS Social Media	2023 Time of Sale Reporting deadline has been extended Report 2023 Information to the IRS Rev. Proc. 2022-42, Section 6.03 provides that sellers must file reports within fifteen days after the end of the calendar year (i.e., January 15, 2024).  The IRS has extended the due date sellers have to provide these reports until February 15, 2024.  As a result, for vehicles placed in service in calendar year 2023, you must submit required information about a qualifying clean vehicle sale to the IRS by February 15, 2024. 2023 seller reports can be faxed to (855) 755-7437. The fax coversheet should include the following: Subject: 2023 Clean Vehicle Time-of-Sale Report(s) Sender's name, title, phone number, address Date Number of pages faxed (including cover sheet) Do not include sensitive information on the cover sheet, such as Employer Identification Number or Social Security number. You may submit 2023 reports in any format you choose, so long as the format contains all information required to be reported on Form 15400. If the seller report you submit is missing information, it will not be rejected, but you will be contacted by an individual assigned to manually review 2023 seller reports to obtain any missing information. For additional information, frequently asked questions and dealer registration information see: Frequently asked questions for the dealer and seller Energy Credits Online registration Publication 5862, Energy Credits Online: Register for Energy Credits Online Publication 5867, Clean Vehicle Dealer and Seller Energy Credits Online Registration User Guide Publication 5863, A Step-By-Step Guide for New and Used Clean Vehicle Dealers and Sellers for the Energy Credits Online Publication 5864, New and Previously Owned Clean Vehicle Credit Time of Sale Reporting with Energy Credits Online Publication 5865, Clean Vehicle Credit Transfer Publication 5866, New Clean Vehicle Tax Credit Checklist Publication 5866-A, Used Vehicle Tax Credit Checklist Video: How Dealers and Sellers Register for Energy Credits Online       Back to Top         Thank you for subscribing to e-News for Clean Vehicle Industry, an IRS e-mail service. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically from the mailing list IRS e-News for Vehicle Industry. Please Do Not Reply To This Message.

 

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