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February 7, 2024
2024-0355

IRS extends deadline for submitting IRC Section 25E and 30D clean vehicle credit seller reports

On February 7, 2024, the IRS extended (Revenue Procedure 2024-12) the deadline for providing certain seller reports for the sale of vehicles qualifying for the clean vehicle credit (IRC Section 30D) or the previously-owned clean vehicle credit (IRC Section 25E). The guidance modifies Revenue Procedures 2022-42 and 2023-33 (see Tax Alerts 2023-0076 and 2023-1723). For qualifying vehicle sales in calendar year 2023, sellers must provide reports to buyers no later than the date the vehicle is purchased and to the IRS no later than February 15, 2024. For sales for which the vehicle is placed in service between January 1, 2024 and January 16, 2024, the seller must file the report through the IRS Energy Credits Online Portal no later than January 19, 2024. For sales for which a vehicle is placed in service on or after January 17, 2024, the seller must file the report through the Energy Credits Online Portal within three calendar days of the sale.

Published by NTD’s Tax Technical Knowledge Services group; Andrea Ben-Yosef, legal editor

 

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