To obtain a time-of-sale report for a clean vehicle purchase, follow these steps:
Steps for Dealers/Sellers to Obtain and Provide a Time-of-Sale Report
- Registration: Ensure your business is registered for time of sale reporting through the IRS Energy Credits Online tool. This registration is necessary to submit reports.
- Submit the Report: Log into your account on IRS Energy Credits Online and fill out the required information:
- VIN Number: Enter the 17-digit Vehicle Identification Number (VIN) without spaces or dashes.
- Buyer Information: Provide buyer details, including their identification number (such as SSN, ITIN, or EIN) without spaces or dashes.
- File within 3 Days: Submit the report to the IRS within three calendar days of the sale. This timing is crucial for both new and used clean vehicle transactions starting January 1, 2024.
- Provide Report to Buyer: Give the buyer a copy of the accepted seller report submitted to the IRS within three calendar days of submission.
- Corrected Reports: If necessary, dealers can submit corrections for reports for transactions more than three days past the sale date.
For Buyers
- Request from Dealer: If you are a buyer, you should receive a copy of the time-of-sale report from the dealer/seller at the time of purchase or shortly after.
- Check Information: Ensure the report contains accurate information about your vehicle purchase and your identification details.
If you encounter any issues or need further clarification on the process, you can contact the IRS for assistance or consult with your dealer/seller.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/how-do-i-obtain-a-time-of-sale-report/
