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News EssentialsThe Newsroom TopicsCredits and Deductions Under the Inflation Reduction Act of 2022 IRS Resources | Vehicle Returns and CancellationsVehicle Returns: If for any reason a vehicle is returned, the time of sale report should be voided within 48 hours of when the initial time-of-sale report was submitted. Where the initial time-of-sale report is not voided in this timeframe, including in cases where the return was made after the 48-hour window, the seller must file a new time of sale report noting the return. The IRS will acknowledge the report notating the return. In the case of a new clean vehicle that is returned after it was placed in service by the buyer, the vehicle, once returned, is not eligible for a new clean vehicle tax credit to a subsequent buyer. In the case a used clean vehicle that is returned after it was placed in service, the vehicle is not eligible for a credit upon a subsequent sale if the vehicle history report reflects the prior sale that was returned. However, if the vehicle history report does not reflect the prior sale and return, the vehicle remains eligible. Vehicle Sale Cancellation: If a sale is cancelled before the buyer takes possession of the vehicle, the vehicle will still be eligible for a clean vehicle credit upon a subsequent qualifying sale to another buyer. Please be sure to void the time-of-sale report within 48 hours of when the report was submitted to allow the VIN to be submitted on a future time-of-sale report. Submitting Time of Sale Reports: Best practice is submitting the time of sale report just prior to the vehicle being placed in service to obtain confirmation the VIN is eligible and the report has been accepted by the IRS. 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. If the vehicle is not placed-in-service, please be sure to void the time-of-sale report within 48 hours of when the initial time-of-sale report was submitted. 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.
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