How long does it typically take for a dealer to respond to a request for a time-of-sale report

How long does it typically take for a dealer to respond to a request for a time-of-sale report

The search results don’t specify a typical timeframe for dealers to respond to third-party requests for time-of-sale reports. However, the IRS requirements and industry practices provide context:

IRS Filing Deadlines

Dealers must submit time-of-sale reports to the IRS within 3 calendar days of the sale under normal circumstances. In practice, the IRS recommends submitting reports before closing the sale to ensure eligibility confirmation via the IRS ECO Tool.

Responding to Delays

If a report isn’t filed within 3 days, dealers must submit it as soon as possible with an explanation for the delay. The IRS reopened submission windows in November and December 2024 for unsubmitted 2024 reports, indicating flexibility when systemic issues occur.

No Guidance on Third-Party Requests

The documents focus on IRS compliance rather than response times to buyer or third-party requests. Dealers typically provide these reports immediately during the transaction to ensure tax credit eligibility, as buyers require them for IRS filings. For post-sale requests, response times likely depend on individual dealer processes.

Advocacy for Relief

NADA has urged the IRS to reopen submission windows in 2025 due to ongoing reporting issues, but this pertains to IRS compliance rather than customer responsiveness.

Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/how-long-does-it-typically-take-for-a-dealer-to-respond-to-a-request-for-a-time-of-sale-report/

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