When requesting or creating a time-of-sale report for a clean vehicle, you need to include several key pieces of information. Here’s what is required:
- VIN (Vehicle Identification Number): This is a 17-digit number that identifies the specific vehicle. It should be entered without spaces or dashes.
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Buyer Information:
- Name: Use the buyer’s formal, legal name as shown on official identification.
- Identification Number: This could be an Employer Identification Number (EIN), Individual Taxpayer Identification Number (ITIN), or Social Security Number (SSN). It should be entered without spaces or dashes.
- Seller/Dealer Information: Ensure that your business is registered with the IRS to submit reports through IRS Energy Credits Online.
- Eligibility Confirmation: While not a part of the report itself, using the IRS Energy Credits Online tool allows you to get instant confirmation of the vehicle’s eligibility for the clean vehicle credit based on its VIN.
- Transaction Details: This includes the date of sale and whether the vehicle is new or used, as these details impact the type of credit and reporting requirements.
- Credit Attestations: The report must include attestations regarding the vehicle’s eligibility under sections 30D and 25E of the Internal Revenue Code.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/what-information-do-i-need-to-include-in-my-request-for-a-time-of-sale-report/
