Skip to content
Close
SEARCH
Join NHADA
Join NHADA
Dealership_Hero

JOIN OUR COMMUNITY

NHADA Supports the Success of Over 500 Motor Vehicle Businesses
BECOME A MEMBER
UPDATES
Smiling employee's in a line at work

Explore Cost-Effective Insurance & Workers' Comp. Plans

Get a free Quote
REPORT AN INJURY ONLINE (FORM 8-WC)
Association Events
Learn about NHADA's major events and fundraisers.
VIEW ALL EVENTS
UPCOMING EVENTS
INDUSTRY TRAINING
Explore upcoming webinars, seminars, and on-demand training.
VIEW ALL TRAINING
    ON-DEMAND TRAINING

    Off the Clock Video Series

    Explore the fascinating lives of automotive professionals in our new video series, "Off the Clock"

    FREE PARTNER OFFERS
    ALL OFFERS
    Compliance/Industry Guides
    VIEW ALL GUIDES

    Can't find what you're looking for? Try one of NHADA's partners.

    LotDrop-Nav_Supplies

    Forms & Supplies

    Start Shopping

    LotDrop-Nav_Apparel

    Corporate Apparel

    Start Shopping

    LotDrop-Nav_Promo

    Promotional Items

    Start Shopping
    EV Charging Stations
    National Auto Dealers Association (NADA)Nov 2, 2023< 1 min read

    IRS Launches Clean Vehicle Credits Portal

    What’s new: The Internal Revenue Service (IRS) launched IRS Energy Credits Online, a registration portal for sellers of new and previously owned clean vehicles eligible for federal tax credits.

    PARTNER SPOTLIGHT

    Time of sales reports: Registering on IRS Energy Credits Online will enable sellers to create electronic clean vehicle sales reports. (see IRS FAQ Topic I). Sales reports must be provided in writing to eligible clean vehicle purchasers (see IRS FAQ Topic J).

    Credit transfers: Registering on IRS Energy Credits Online will also facilitate the advance payment of tax credits for eligible clean vehicle sales that occur after Dec. 31, 2023 (see IRS FAQ Topic H). By transferring federal tax credits to the point of sale, buyer-taxpayers will be able to realize the value of those credits “up front” as reductions in the price of their eligible clean vehicle purchases.   

    Go deeper: Guidance on clean vehicle sales reporting and the credit transfer/advance payment process is set out in a new IRS Revenue Procedure and IRS Clean Vehicle Credit FAQs, both of which are available on NADA’s Clean Vehicle and Refueling Infrastructure Incentive webpage.

    Questions? Contact regulatoryaffairs@nada.org. 

    avatar

    National Auto Dealers Association (NADA)

    RELATED ARTICLES