If a dealer claims they cannot provide a time-of-sale report for a clean vehicle purchase, here are the steps you can take:
- Understand the Issue: Recognize that without a time-of-sale report, you cannot claim the clean vehicle tax credit. This is because the IRS requires dealers to report the sale within three calendar days, and your tax return must match the Vehicle Identification Number (VIN) in the IRS system.
- Request Dealer Action: Encourage the dealer to submit the time-of-sale report using the IRS Energy Credits Online (ECO) Tool. The IRS has provided relief for dealers to submit late reports, especially for 2024 transactions.
- Contact the IRS: If the dealer continues to have issues, suggest that they use the secure messaging option in the ECO portal to communicate with the IRS. Although the IRS response time can be slow, it is a recommended method for resolving issues.
- Consider Filing Your Tax Return Anyway: You can still file your tax return, but you won’t be able to claim the credit without the report. Keep records of any communication with the dealer and be prepared to provide them if needed.
- Monitor Updates: Keep an eye on any updates from the IRS or NADA regarding the submission of time-of-sale reports. These organizations may provide additional relief or solutions for unresolved issues.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/what-should-i-do-if-the-dealer-claims-they-cannot-provide-the-time-of-sale-report/
