The Internal Revenue Service is extending the period for dealers and sellers of so-called “clean” vehicles such as electric cars to submit time-of-sale reports by a few days to qualify for tax credits.
Dealership reporting through the
The IRS is still fine-tuning the new system to allow smooth intake of time-of-sale reports and said vehicle dealers and sellers should continue to submit the time-of-reports via the IRS ECO portal. The agency is encouraging sellers to use the time extension only if they can’t successfully submit a time-of-sale report when the vehicle is for a customer who intends to claim the tax credit on their tax return.
The IRS said it’s committed to resolving any issues facing manufacturers, dealers and sellers navigating the new ECO tool. The agency will also be providing “office hours” next week to help dealers and sellers deal with the time-of-sale reporting issues. Representatives from the IRS will be there to answer any questions.
For more details on submitting time-of-sale reports, see
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