IRS Energy Credits Online Registration and Time of Sale Important Reminders

Having trouble viewing this email? View it as a Web page.                                                                                                                                                 

 

e-News for Clean Vehicle Industry April 5, 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	IRS Energy Credits Online Registration and Time of Sale Important Reminders Registration:  All dealers and sellers must be registered through IRS Energy Credits Online to submit time-of-sale reports and register for advance payments.  Registered dealers that provide required information through IRS Energy Credits Online and are in tax compliance may be eligible to participate in the advance payment program once their registration information is verified by the IRS. As a reminder, if the dealer needs to change bank accounts, or needs to re-register for any other reason, please note that the re-registration can take 15 days or longer to process. See Frequently asked questions for the Dealer and Seller Energy Credits online registration: Question 8. Time of Sale:  Ensure you review each Time of Sale for accuracy before you submit. The buyer election to transfer the credit to the dealer defaults to "No". Similarly, if you are not approved to receive advance payments, the only option will be "No". A buyer elects to transfer the credit to the dealer only when "Yes" is selected. When "Yes" is selected, the buyer attestation will appear for the buyer to review and to sign electronically. If a mistake is made, the Time of Sale must be voided within 48 hours. Other Resources IRS has several resources to assist dealers and sellers.  Publication 5867, Clean Vehicle Dealer and Seller Energy Credits Online Registration User Guide is an excellent resource to reference when registering. For guides on Energy Credits Online registration, time of sale reporting, advance payments and credit transfers, see: Publication 5862, Energy Credits Online: Register for Energy Credits Online 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 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.  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.

 

---

Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need your email address to log in. If you have questions or problems with the subscription service, visit subscriberhelp.govdelivery.com. This service is provided to you at no charge by the Internal Revenue Service (IRS).

---

This email was sent to business.solutions.ve@gmail.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington, D.C. 20535