Intentionally pushing the tax credit, old fashioned way?

[TaxmanHog]

Sales from 1/1/2024 forward are all that matters for the new validation system.

If you bought a truck in 2023, your claim for credit would be on form 1040 for tax year 2023, out of scope for what were talking about {2024 and now 2025 for those electing credit transfer to dealers}

As far as the 3 day rule, IF there is any penalty, it will be against the dealer NOT the buyer.

Given that 2024 was the start of the new process, it's not unheard of for policy leniency in suspending compliance enforcement penalties.

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[chl]

Sales from 1/1/2024 forward are all that matters for the new validation system.

If you bought a truck in 2023, your claim for credit would be on form 1040 for tax year 2023, out of scope for what were talking about {2024 and now 2025 for those electing credit transfer to dealers}

As far as the 3 day rule, IF there is any penalty, it will be against the dealer NOT the buyer.

Given that 2024 was the start of the new process, it's not unheard of for policy leniency in suspending compliance enforcement penalties.

Yes, I guess it would be unlikely anyone who bought in 2023 has delayed filing their return (can delay filing up to 3 years as I recall) and hasn't claimed the credit because of the seller report filing issue.

I believe there was a seller's report requirement in 2023 too?

When I was thinking about buying back then I remember reading about it in the IRS requirements I think, but I have read so much stuff about the EV tax credit at this point it is all a blur.

I waited until Jan 2024 to get the $$ up-front and avoid the issue of losing some of the benefit if my tax liability was too low, which happened to me in 2011 when I bought my 2012 Nissan Leaf.

The things we still might have to worry about are:

1) the IRS being instructed not to follow the EV tax credit rules (established under the last administration) by the new Treasury Dept. head; and

2) the delay that might result due to the expectation that over 6,000 IRS employees are going to be RIF-ed soon.

 

[TaxmanHog]

I'd venture that if you can still E-FILE the 2023 and prior returns with in the RSED (Refund Statute of Limitations) it would be processed with prior year logic not 2024 logic, validation of 8936/8936A for qualified sales for late filed returns would continue with legacy logic.

Of the 6,700 number, I've heard that 5000 are Revenue Agents and Revenue Officers, they are not involved with routine 1040 return processing.

The balance of ~1700 folks, could involve some clerks and accounts technicians, hard to say, but they would only come into play for manual paper filed returns and amended returns.

I've also heard conflicting advice as to when folks are being separated, one report said last Thursday, another said it will be after the filing surge has passed by, who knows for sure.

 

[chl]

I'd venture that if you can still E-FILE the 2023 and prior returns with in the RSED (Refund Statute of Limitations) it would be processed with prior year logic not 2024 logic, validation of 8936/8936A for qualified sales for late filed returns would continue with legacy logic.

Of the 6,700 number, I've heard that 5000 are Revenue Agents and Revenue Officers, they are not involved with routine 1040 return processing.

The balance of ~1700 folks, could involve some clerks and accounts technicians, hard to say, but they would only come into play for manual paper filed returns and amended returns.

I've also heard conflicting advice as to when folks are being separated, one report said last Thursday, another said it will be after the filing surge has passed by, who knows for sure.

That's logical about the 2023 return question - like when one files an amended return for a prior year I guess, but I am no expert in the ways of the IRS. My government experience was with patents as an examiner back in the 80's.

The enforcement people, eh - sadly that seems to fit the pattern of many of the other RIFs, a reduction in enforcement and investigations and prosecutions by the DOJ and other agencies.

Kind of looking like something approaching near anarchy might be the result.

A brave new wild wild west America.

 

[F150Flash]

I am happy to report that, after months and months of phone calls, emails, social media posts, in addition to Attorney General, BBB, and FTC complaints, I FINALLY got Robert Horne Ford to figure out how to register for the IRS portal and submit my EV sale report!

My EV purchase now shows on my individual IRS portal and I'm expecting things to successfully process. It shows the day they submitted, but the placed in service date is the date of my purchase in April of 2024.

I hope everyone else can get there too!

This looks like my original post. I had the same experience. Purchased in March 2024 and it took the dealer until December to finally report and give me the paperwork. So the only issue at that point was would the IRS accept their late filing… certainly not within 3 days.

I filled my return on 2-8-25 and I applied for the full 7500 credit. I’m happy to report that IRS allowed the full credit so the late filing did not penalize me.

Good luck to the rest of you in a similar situation.

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