Verifying if a dealer has filed a time-of-sale report with the IRS involves several steps that you, as the buyer, can take. Here’s how you can proceed:
- Request a Time-of-Sale Report from the Dealer: When you purchase a clean vehicle, the dealer should provide you with a time-of-sale report and a copy of the confirmation the IRS provides upon accepting the report submitted through IRS Energy Credits Online (IRS ECO) within three calendar days of the sale. If you didn’t receive this document, contact the dealer to get a copy.
- Check for IRS Confirmation: The time-of-sale report includes proof that the dealer reported the sale to the IRS. It should contain confirmation that the IRS accepted the report, which indicates compliance with the reporting requirement.
- Ensure the Report Was Filed Timely: The dealer must file the report within three calendar days of the sale. If you suspect a delay, reach out to the dealer to confirm the status of the submission.
- Contact the IRS (If Necessary): If you have concerns about the report’s submission, you may want to contact the IRS for guidance. However, there is no direct process for you to verify the submission status with the IRS; you primarily rely on the documentation provided by the dealer.
- Claim the Credit on Your Tax Return: To claim the clean vehicle tax credit, you must file Form 8936 with your tax return. The IRS will verify the submission based on the information provided by the dealer through IRS ECO.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/how-can-i-verify-if-the-dealer-has-filed-the-time-of-sale-report-with-the-irs/
