Millertimr
Well-Known Member
I amended mine late last night and it was already accepted as of this morning. Fingers crossed.
Took delivery Jan 3rd.
Took delivery Jan 3rd.
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So just to dumb it down for me cause I'm a little slow.You are absolutely right, I will go balls deep now lol!
Yes. Make sure you retain a copy of the agreement with wet ink.So just to dumb it down for me cause I'm a little slow.
I signed the bidding contract last yr in July/Aug 2022, I don't rmr, it was whenever everyone else did.
I will get my R1S in 2024.
So I will be able to file(amend) for that $7500 through my past 2022 taxes?
If this is the case, I should save the original post link. Cause my accountant may think i'm on crack....
How do we retain with wet ink? It was all done over the cloud .Yes. Make sure you retain a copy of the agreement with wet ink.
Yes I did. Ok I see what you are saying. Just print it out and sign it when filing. Got it, great!Did you not get this e-mail on 8/26 from Rivian?
If I were you I'd extend and claim the credit on the extended tax return. You will most likely to get your credit quicker. The IRS can be pretty slow processing refund claims.Wouldn't you just amend it?
That’s great but doesn’t mean it’s a done deal. The IRA typically accepts your returns as filed but may flag you an audit in the future—they have up to 3 years to audit the return.This is great news. I was in this situation - signed pre August 2022, R1T delivered early 2023, and will not qualify for rebates under the new rules (income, etc).
On the hunch that this clarification would come, I went ahead and filed my 2022 taxes using the BPA date, like the newest guidance says. I have indeed already received my 2022 $7500 IRS rebate, tax refund, etc. No drama.
I could still be audited, but this clarification cinches it.
Old pricing, full rebate, and a 2023 model is an awesome combination.
Agree. That’s why I said “I could still be audited”That’s great but doesn’t mean it’s a done deal. The IRA typically accepts your returns as filed but may flag you an audit in the future—they have up to 3 years to audit the return.
Unfortunately, yes. For the transition rule to apply, the "written binding contract" must have been entered into before the day the law was enacted (i.e. 8/15/22 or earlier).I signed my BPA on 8/16 in the morning before the law was signed, and as shown it lists 8/16/2022 as the signature date for Rivian. Am I screwed? I sort of think I am...
Am I missing something... there is still this statement below the purchase date section on IRS page
If you purchased a vehicle between August 16, 2022 and December 31, 2022 but don't take delivery of the vehicle until 2023, see Credit for New Clean Vehicles Purchased in 2023 and After.