Announcing our new "CLUBS" section where you can join or create a Rivian club or group! You can use this new feature to conveniently plan and discuss local events, gatherings or other club/group related topics.
So we encourage you to join (or start) special-interest and regional-based Rivian clubs at: https://www.rivianforums.com/forum/group-categories/clubs-groups.1/
My CPA is flagging income limits from the 2022 guidance as well that would exempt me from the credit.Good luck. If you make more than 150K for a single or 300K for a couple, you don’t qualify. Look at line 18 on the form.
If you are taking delivery fairly soon it probably doesn't matter. Any day now though the new guidance is expected on the battery sourcing requirements, and anything beyond that will only be eligible for half of the $7500 credit.So assuming you don't exceed the income limit and the MSRP limit of the new rules is there a reason to do this other than getting the refund now? I'm taking delivery in a few weeks (I did sign the BPA in the fall) and the taxes are already done for 2022. Is the battery source still a concern for 2023? Since I'm under the limits on income and MSRP it seems like it would be easier to just wait until the 2023 tax filing.
Read the instructions, Bill.Good luck. If you make more than 150K for a single or 300K for a couple, you don’t qualify. Look at line 18 on the form.
This is the key point that so many seem to be missing. Is this an accurate interpretation or are damages truly limited to $100. I know I would argue that damages are not limited.The way the BPA is written, Rivian would be well within their rights to force you to purchase an R1 vehicle that they pick out for you. Not even one you choose.
You were supposed to save a copy of it when you agreed to it last year.Where can we access our written binding contracts?
I'll take it!!!The way the BPA is written, Rivian would be well within their rights to force you to purchase an R1 vehicle that they pick out for you. Not even one you choose.
Maybe, here's how I see it. If you are not taking delivery before April 15, you will file your taxes as normal so you have paid your full 2022 obligation. When you take delivery, you file a 2022 ammended return essentially asking for money back. If they agree, great. If they don't agree, you are net neutral. You get nothing, you owe no additional taxes, penalties or interest. It's no harm, no foul.Yeah, it seems to me like the Rivian "binding contract" explicitly does not meet the IRS's definition since the damages the seller can receive are limited to $100.
The contract DOES NOT limit the damages the seller can receive. Look at the contract. It never says they can't sue you for not going through with it.Yeah, it seems to me like the Rivian "binding contract" explicitly does not meet the IRS's definition since the damages the seller can receive are limited to $100.
They emailed it to you once it was completedWhere can we access our written binding contracts?