IRS Denies $7500 Tax Rebate - Fisker Buzz Forums
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Old 05-01-2013, 03:37 PM   #1 (permalink)
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Default IRS Denies $7500 Tax Rebate

I got a letter from the IRS informing me that my claim of a $7500 tax credit had been denied because my car was not placed into service prior to 1/1/2012. Has anyone else had this experience?

My accountant is investigating.

Buck
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Old 05-01-2013, 03:43 PM   #2 (permalink)
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That doesn't make sense. Maybe there is a mixup on when you bought it versus the tax year you are filing in? Another possibility - are you the first owner??

Relevant listings - both pages updated by IRS in past 6 months:
http://www.irs.gov/Businesses/Qualif...ter-12-31-2009

http://www.irs.gov/Businesses/30D.-N...utomotive,-Inc.

Additional program info here:
http://www.fueleconomy.gov/feg/taxevb.shtml

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Old 05-01-2013, 03:49 PM   #3 (permalink)
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Quote:
Originally Posted by Sandy Eggo View Post
That doesn't make sense. Maybe there is a mixup on when you bought it versus the tax year you are filing in? Another possibility - are you the first owner??

Relevant listings - both pages updated by IRS in past 6 months:
http://www.irs.gov/Businesses/Qualif...ter-12-31-2009

http://www.irs.gov/Businesses/30D.-N...utomotive,-Inc.
Here is the IRS page that covers this credit. The only date limit I could find was that the vehicle had to be put into service after 2009, but no end date, except when there are 200,000 vehicles sold by that manufacturer (which is less than the total count of all EVs sold in the US, ever). One possibility is that Fisker dropped the ball (shockingly) by failing to file the quarterly reports required. Otherwise, there does not seem to be a valid reason to deny the rebate.

[Edited to Add:] There was a separate rebate for charging equipment that expired on Jan. 1, 2012, but that was under a different program and was ultimately renewed, but with a lower overall cap.
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Old 05-01-2013, 07:58 PM   #4 (permalink)
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Quote:
Originally Posted by Fabulist View Post
One possibility is that Fisker dropped the ball (shockingly) by failing to file the quarterly reports required. Otherwise, there does not seem to be a valid reason to deny the rebate.
Yeah, the whole thing seems odd. I'm not a tax attorney, but it doesn't seem logical that a taxpayer would be denied a legitimate tax credit due to the actions or inactions of a 3rd party. (FA in this case.) Anyway, whoever sent the denial letter was talking about a purchase date and not what the manufacturer did or did not report.
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Old 05-02-2013, 12:33 AM   #5 (permalink)
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DNAGuy

This was posted earlier today in another tread.

Internal Revenue Code Section 30D clearing allows for the credit.

I’m a tax accountant; I’m also an Enrolled Agent which means I know little something about the IRC. Your accountant will be able to easily fix this by responding to the letter pursuit to Section 30D.

On the top of Form 8936 it states: “Use this form to claim the credit for certain plug-in electric vehicles”.

In parentheses it states (other than certain two- or three-wheeled or low –speed four- wheeled vehicles acquired before 2012). These last few words can easily be mis-interpreted to mean your Fisker Karma was not put in service prior to January 1, 2012 therefore it does not qualify for the credit.

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Old 05-02-2013, 01:10 AM   #6 (permalink)
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The IRS denied me the credit for almost 1 year. I submitted all of the proper forms with my return. The credit was denied. They then wanted a copy of the registration. They denied it again. They then requested a copy of my sales contract. Finally almost one year after submitting my return I recieved my refund. Keep trying, eventually you will prevail.
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Old 05-02-2013, 10:27 PM   #7 (permalink)
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Default Thank you for your advise!

My tax attorney agrees with the forum, that I deserve the refund and will fight for it!

I will keep everyone informed.

Buck
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Old 05-11-2013, 02:07 AM   #8 (permalink)
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Does anyone know if you buy a new Karma and Fisker goes BK (either pre or post sale of the new Karma), will the IRS still recognize the $7500 tax credit on that purchase?
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Old 05-11-2013, 03:39 PM   #9 (permalink)
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Yes, the IRS should still recognize the $7,500 tax credit. The IRS does not make laws they must follow them just like we do. This $7,500 credit is an act of Congress. One of the IRS mandates is the carryout the wishes of Congress.

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Old 05-19-2013, 11:18 PM   #10 (permalink)
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Does anyone know if you can get two credits for two Karmas, or only one per household?
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