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    National Auto Dealers Association (NADA)Nov 26, 2024 10:53:34 AM1 min read

    IRS Moves Date for Suspension of Time-of-Sale Report Submission Deadline

    What’s new: Last week, the IRS announced that it would change the date for the temporary suspension of the submission deadline for 2024 Time-of-Sale reports in the ECO portal from November 25, 2024 to the first week of December. NADA has learned that the new date for the temporary suspension will likely be December 3, 2024, but the IRS will formally announce the exact date in the coming days via the e-News for the Clean Vehicle Industry e-mail newsletter (click here to subscribe). Dealers should monitor their e-mail inbox for the announcement. 

    PARTNER SPOTLIGHT

    Why it matters: Once implemented, the temporary suspension will enable dealers who missed the regular three-day deadline, either because their portal registration remained pending or for other reasons, to submit time-of-sale reports and seek reimbursement for clean vehicle tax credits applied to their outstanding 2024 transactions.

    Go deeper: Dealers encountering problems with submitting a time-of-sale report should follow the steps outlined in Q1 of the new IRS FAQ document. If the issue persists, dealers should send the IRS a message through the portal’s new secure messaging tool. Dealers may find guidance on how to use the new messaging tool via the IRS ECO Secure Messaging User Guide.

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    National Auto Dealers Association (NADA)

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