The IRS’s Energy Credits Online tool allows clean vehicle dealers to register online and receive dealer advance payments for the Clean Vehicle Credit within 72 hours of the sale of a qualified clean vehicle. The tool generates a time-of-sale report. The agency has announced that it’s extending the deadline for qualified dealers to submit their time-of-sale reports to the IRS. Dealers now have until Jan. 19, 2024, to submit time-of-sale reports for vehicles sold from Jan. 1, 2024, through Jan. 16, 2024. Dealers must furnish reports to both buyers and the IRS at the time of sale for those vehicles to be eligible for the Clean Vehicle Credit. For additional information: https://bit.ly/3H8Pgdw
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