In News Release IR-2024-02, dated January 5, 2024, the IRS declared a temporary extension for clean vehicle dealers to submit time-of-sale reports, as stipulated in Revenue Procedure 2023-38. These reports must be submitted through the IRS Energy Credits Online (IRS ECO) website.

The news release provides:

Seller reporting in IRS Energy Credits Online (IRS ECO) became available on Jan. 1, 2024. To provide dealers and the IRS more time to submit and intake seller reports into this new system, the IRS is temporarily extending the 3-day time period to submit time-of-sale reports provided in Revenue Procedure 2023-38 through Jan. 16.

This means dealers and sellers have until Jan. 19 to submit a time-of-sale report for vehicles sold Jan. 1 through Jan. 16. [News Release IR-2024-02]

However, the IRS advises that dealers and sellers should utilize this extension only if they encounter difficulties in successfully submitting the report.

While the IRS fine-tunes this new system and the intake of time-of-sale reports, dealers and sellers should continue to submit time-of-sale reports using IRS ECO. The IRS encourages sellers to use this extension only if they are unable to 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. [News Release IR-2024-02]

Additionally, the IRS disclosed in the same News Release that it will conduct “office hours” between 2:00 and 2:30 PM EST on January 9, 10, 11, 16, 17, and 18. These sessions are designed to address questions and assist dealers and sellers with their time-of-sale reports. Registration links are found on the web page containing the news release. [News Release IR-2024-02]