Tuesday, February 13, 2024

Important Reminders

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e-News for Clean Vehicle Industry February 13, 2024

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Important Reminders

Submitting Time of Sale Reports:  Best practice is submitting the time of sale report just prior to the vehicle being placed in service.  Placed in service generally means when the buyer takes possession of the vehicle.  Time of sale reports must be submitted through IRS Energy Credits Online within 3 days of when the vehicle is placed in service.  Sellers should still submit time of sale reports even if the report is submitted outside the 3-day window. 

Used Vehicle Eligibility: Dealers must review vehicle history reports to determine whether the vehicle has been previously transferred to a qualified buyer since August 16, 2022, regardless of whether a credit was taken or not. 

Dealers look at the vehicle history report and make an attestation about the vehicle's eligibility based on the available vehicle history information.  Dealers do not need to confirm if a tax credit has already been claimed on that vehicle and the vehicle history report will not provide this information.  IRS Energy Credits Online may reject a time-of-sale report when the IRS has information indicating a vehicle is not eligible, including a prior time-of-sale report submission for the previously owned clean vehicle. 

Questions and Help: If there are any questions or problems with submitting a time of sale report or registering with IRS Energy Credits Online, dealers can send an email to irs.clean.vehicles.dealer.info@irs.gov.  The IRS may respond through email or a phone call to help resolve the issue. 

Resources:

Frequently asked questions for the dealer and seller Energy Credits Online registration

 

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