JerseyGreens
Well-Known Member
Thank you, Mayor!!Sorry, I fired them all
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Thank you, Mayor!!Sorry, I fired them all
You tried. Their loss!At least a couple people claim they did since they were adamant they didn't qualify anymore under previous guidance. I tried my best to convince them they were and the IRS was ultimately going to either revise the guidance or issue new guidance for next tax year, but horses and water don't mix.
They either do what they are now advising, which is to file for the credit on your 2022 taxes no matter when you get the vehicle but always with 8/15/2022 as the "in service" date or allow you to file for a credit in a later tax year when you receive the vehicle but also with an "in service" date of 8/15/2022.(l) TRANSITION RULE.—Solely for purposes of the application
of section 30D of the Internal Revenue Code of 1986, in the case of a taxpayer that—
(1) after December 31, 2021, and before the date of enact- ment of this Act, purchased, or entered into a written binding contract to purchase, a new qualified plug-in electric drive motor vehicle (as defined in section 30D(d)(1) of the Internal Revenue Code of 1986, as in effect on the day before the date of enactment of this Act), and
(2) placed such vehicle in service on or after the date of enactment of this Act,
such taxpayer may elect (at such time, and in such form and manner, as the Secretary of the Treasury, or the Secretary’s dele- gate, may prescribe) to treat such vehicle as having been placed in service on the day before the date of enactment of this Act.
Still here. Rivian sending out an email doesn’t mean the IRS will accept the agreement as a written binding contract, although I can’t believe they would send it out to everyone without some insight that the IRS will accept it so let’s hope that’s the case.Where are all of those CPAs that were acting like ambulance chasers arguing with me...??
All it means is someone in Rivian's legal department is reading my posts here. Scary.Still here. Rivian sending out an email doesn’t mean the IRS will accept the agreement as a written binding contract, although I can’t believe they would send it out to everyone without some insight that the IRS will accept it so let’s hope that’s the case.
If we think of the total $ amount of tax credits for those of us that signed BPAs (with RIVN and other companies) it isn't that high on the totem pole for the IRS to investigate/audit. They have much bigger tax fraud issues to deal with then us.Would it make you feel better if I said I’m taking the credit myself? I know the potential risk though and the issue I have is some people think it’s a done deal because Rivian sent an email.
I actually think the opposite. This could be an easy money grab. Not to give them ideas but y hey run a query of all 2022 returns with form 8936 and 8/15/22 as the in service date, deny all of those credits, and make people go to appeals or tax court. I wouldn’t think this administration would want to do that though due to the optics of disallowing EV credits.If we think of the total $ amount of tax credits for those of us that signed BPAs (with RIVN and other companies) it isn't that high on the totem pole for the IRS to investigate/audit. They have much bigger tax fraud issues to deal with then us.
Yes, it gives me great joy and comfort that you will also be filing for the credit.
No... Whatever you do don't just sign it when filing. As stated in the email, you were supposed to print it out and sign it last summer then save a copy for your records.Yes I did. Ok I see what you are saying. Just print it out and sign it when filing. Got it, great!
Thk you for breaking it down!!
The date was actually pre-populated from Rivian, mine says Aug 10thNo... Whatever you do don't just sign it when filing. As stated in the email, you were supposed to print it out and sign it last summer then save a copy for your records.
If you sign it now, or any time after 8/16/22, it's a completely useless piece of paper. The email clearly stated you needed to sign it before the law was enacted.
If you didn't sign it last summer (I have no idea why anybody wouldn't have... Unless you hate money), you better make up a date before 8/16/22 when signing it.
I'm other words, if you didn't sign it before 8/16/22, you missed out on the tax credit. Your only chance now is lying and signing with a retroactive date.
Correct. That's the date Rivian signed it.The date was actually pre-populated from Rivian, mine says Aug 10th
Right, there are two sections, the customer signature, which includes a pre-printed date, and the seller which also includes a date.Correct. That's the date Rivian signed it.
Any contract is valid only once all parties have signed.
It doesn't matter when Rivian signs a contract if you don't sign it too. A preprinted date is only useful if the buyer actually signed it, which this person did not do.
meh... not really. Contracts are valid when one party makes an offer and another party accepts it as part of a meeting of the minds. That is usually verified by signatures, but plenty of enforceable contracts aren't ever written, let alone signed and counter-signed.Any contract is valid only once all parties have signed.