This is great news, I looked at the IRS site for any news releases or advisories, nothing stated publicly yet, but ..... if it's working, everyone with a missed opportunity should push their dealer to get with the program.!
I heat ChatGPT does really good lawyer(like) speak for more official sounding letters...This is great news, I looked at the IRS site for any news releases or advisories, nothing stated publicly yet, but ..... if it's working, everyone with a missed opportunity should push their dealer to get with the program.!
https://www.nada.org/regulatory-compliance/irs-reopen-time-sale-reporting-2024-transactions
https://www.irs.gov/credits-deducti...ip-to-enable-credits-for-clean-vehicle-buyers
https://www.irs.gov/credits-deductions/clean-vehicle-credit-seller-or-dealer-requirements
While you're waiting for the return to be processed , continue communicating with the dealer that they can make retroactive reports of sales past the original 3 requirement, once that's done and the data reports to your IRS online information returns status summary screen, you will be a good position to appeal the rejection or possibly amend the return to include the details regarding your credit can now be validated.
Don't wait until September to find out your SOL and the dealer needs to report the sale. We don't know how long the IRS will accept late reporting. I'd push the dealer now and demand they give you IRS Form 15400 that is generated when the sale is properly reported. Go there and stand over their shoulder until they do it.
I have the form, but there’s no guarantee they submitted it in the 3-day window. I sent them the link to npr story with a suggestion that if they missed that window this is their chance to redeem themselves.
The one they gave you originally was a fabrication, insist they do it correctly and generate an official report for your records, once that's in hand you'll need to wait for the final impact of your manually filed 1040 as to whether or not you got the credit, hopefully the background data posts to the IRP before your tax filing does and everything goes smoothly.
Either the form isn't the 15400, they photoshopped it, or put a false purchase/in service date. The system wouldn't let dealers report the sale if more than three days had passed. Look at your 15400 and see if all the information is correct and look up one and see what it's supposed to look like. If it's legit and everything on the form is correct your return should not have been rejected. Check for typos.
Everything on the form is correct but it’s just a form they filled out. Should they have a response from the IRS acknowledging receipt?
"fabrication"
The Form 15400 is the IRS receipt. Look at it again, does it say Form 15400? The dealer doesn't "fill it out," they input all the information in the IRS portal and the IRS system generates the form.
What they sent me is their handwritten version. It’s pretty clear that they screwed up the process. It’s surprising that they haven’t figured that out because it’s a big dealership that sells a lot of cars. I have them working on it. Hopefully, they will sort it out.
