Tax Tip 2024-16: Auto dealers must register with the IRS to receive advance payments of the Clean Vehicle Tax Credit

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Issue Number:  Tax Tip 2024-16

Auto dealers must register with the IRS to receive advance payments of the Clean Vehicle Tax Credit

To submit time-of-sale reports and receive advance payments of the Clean Vehicle Tax Credit, auto dealers and sellers must register their business with IRS Energy Credits Online. Dealers and sellers must use this tool to submit all time-of-sale reports for vehicles placed in service in 2024 and future years.

How to register
To register or access a previously registered business, dealers and sellers can go to IRS Energy Credits Online. The step-by-step instructions guide them through the process to register, submit time-of-sale reports and enter advance payment information. It may take 15 days or longer for the registration to process.

Once registered, dealers and sellers must use this tool to enter time-of-sale reports and provide the buyer certain required information.  

What happens after registration
When a dealer successfully submits a time-of-sale report, the vehicle is eligible for the credit. A submission is successful when the dealer receives a copy of the report and a confirmation of acceptance by IRS Energy Credits Online. Buyers should use the copy of the report when they file their annual federal tax return.

Find out more about the Clean Vehicle Credits at IRS.gov/cleanvehicle.

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