Having trouble viewing this email? View it as a Web page. ![]()
![]() | |||
| |||
News EssentialsThe Newsroom TopicsCredits and Deductions Under the Inflation Reduction Act of 2022 IRS Resources | Phase-Out of 2025 Time-of-Sale Reports, Edits, Returns and Cancellations; Advance Payments Must be Repaid on Returns and Cancellations Effective April 1, 2026, you will no longer be able to submit edits, returns or cancellation requests for calendar year 2025 sales through the Energy Credits Online (ECO) portal. Effective June 1, 2026, you will no longer be able to submit late time of sale reports for calendar year 2025 sales through the ECO portal. Act now to submit all time-of-sale reports, returns, and cancellations. Prompt and accurate reporting is essential to prevent delays, errors, or denied credits when your customers file their tax returns. Uploading supporting documentation, such as deal jackets and other documents pertaining to the clean vehicle credit, helps prevent processing delays. Documents can be uploaded through the ECO portal when submitting time of sale reports, edits, returns and cancellations. Important reminder: You must repay the advance payment of the clean vehicle credit, if you return or cancel a time of sale report. Payment must be made electronically within 30 days of receipt of the invoice throughPay.gov. The invoice and access code are sent to the email address associated with the dealer's advance payment registration. If you are unable to locate the email containing the invoice and access code, please contact the IRS at irs.clean.vehicles.dealer.info@irs.gov to request a new one. For more information on the expiration of the clean vehicle credits, see Fact Sheet 2025-05
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. | ||


No comments:
Post a Comment