Tax incentive

chimohio · 10-25-2006, 08:34 PM

When I was signing the initial agreement for my Prius, the dealer told me that after I bought it, I would get a form confirming the car met the requirements for the tax incentive; and that the form would have to be submitted with my tax form next year.
Needless to say I didn't get any such form, and so far calls to the dealer concerning this form have gone un-returned (poor communications with them have been seen before).
The question I have is there really a form like this? What have been your experiences concerning incentive documentation? What did you get, if any, and who did you get it from? <_<

Rest · 10-26-2006, 05:29 AM

There is no form. But do hang on to your sales agreement should you get a visit from the IRS.

eagle33199 · 10-26-2006, 09:28 AM

Correct, no form needed. Keep your paperwork that shows when you got the car (just in case the IRS decided to check up on you :P). Other than that, every Prius sold this calendar year (including the new '07's) qualify for the tax credit. The date determines the amount of the credit (with anything before 10/1 getting the full credit, anything after only getting half the credit).

xbdude · 10-26-2006, 11:56 AM

Thanks for that info, Eagle! Mine arrived January 29 of '06, so I guess I'm good.

Soylent · 10-26-2006, 01:39 PM

Are you guys sure we don't need to fill out Form 8910?

eagle33199 · 10-26-2006, 02:49 PM

by no form needed, i meant there was no form that Toyota was going to mail you... it's quite possible that there's a form the IRS will require you to fill out (stating car model and date purchased, for example), but as they haven't released the '06 paperwork (that I've seen) it's kinda hard to tell :P

chimohio · 10-26-2006, 04:55 PM

<div class='quotetop'>QUOTE(Soylent @ Oct 26 2006, 01:39 PM) [snapback]338695[/snapback]</div>

Quote:

Are you guys sure we don't need to fill out Form 8910?
[/b]

Did some more looking and found that from what I can tell IRS Form 8910 will be needed. I also saw on it that the Alternative Minimum Tax form will also have to be filled out since 8910 requires information from it. More paperwork but will be worth it in the end.
I think the form the dealer was going to give me was just one indicating that since I bought the car prior to Oct 1 I was eligible for 100% of the incentive.

tmgrl3 · 10-26-2006, 06:33 PM

Scroll down on this site and you will get more info on tax credit...Form 8910 was a 2005 form and to date there isn't a new one...but this is a good site to answer any questions:

http://www.ase.org/section/_audience...ers/taxcredits

terri

10-25-2006, 08:34 PM	#1
chimohio Senior Member Join Date: Sep 2006 Posts: 460 My Car: Model: Package: Thanks: 0 Thanked 0 Times in 0 Posts Friends: 0	When I was signing the initial agreement for my Prius, the dealer told me that after I bought it, I would get a form confirming the car met the requirements for the tax incentive; and that the form would have to be submitted with my tax form next year. Needless to say I didn't get any such form, and so far calls to the dealer concerning this form have gone un-returned (poor communications with them have been seen before). The question I have is there really a form like this? What have been your experiences concerning incentive documentation? What did you get, if any, and who did you get it from? <_< __________________ Where no car has gone before! Reverse beeper disabled, rear bumper protector, MFD hood, block heater, OEM all weather floor mats. BT stiffener brace, mud flaps, Goodyear ComfortTred 195/60/15.

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10-26-2006, 05:29 AM	#2
Rest Senior Member Join Date: Aug 2005 Location: CA Posts: 907 My Car: 2007 Prius Model: Package: N/A Thanks: 0 Thanked 5 Times in 4 Posts Friends: 0	There is no form. But do hang on to your sales agreement should you get a visit from the IRS.

10-26-2006, 09:28 AM	#3
eagle33199 Platinum Member Join Date: Mar 2006 Location: Minnesota Posts: 4,283 My Car: 2006 Prius Model: Package: #7 Thanks: 35 Thanked 70 Times in 40 Posts Friends: 3	Correct, no form needed. Keep your paperwork that shows when you got the car (just in case the IRS decided to check up on you :P). Other than that, every Prius sold this calendar year (including the new '07's) qualify for the tax credit. The date determines the amount of the credit (with anything before 10/1 getting the full credit, anything after only getting half the credit).

10-26-2006, 11:56 AM	#4
xbdude opticat Join Date: Oct 2005 Location: North Central Florida Posts: 151 My Car: 2010 Prius Model: III Package: Solar Roof Thanks: 0 Thanked 1 Time in 1 Post Friends: 0	Thanks for that info, Eagle! Mine arrived January 29 of '06, so I guess I'm good.

10-26-2006, 01:39 PM	#5
Soylent Senior Member Join Date: May 2006 Location: Miami Beach, Florida Posts: 290 My Car: 2006 Prius Model: N/A Package: #3 Thanks: 1 Thanked 0 Times in 0 Posts Friends: 0	Are you guys sure we don't need to fill out Form 8910?

10-26-2006, 02:49 PM	#6
eagle33199 Platinum Member Join Date: Mar 2006 Location: Minnesota Posts: 4,283 My Car: 2006 Prius Model: Package: #7 Thanks: 35 Thanked 70 Times in 40 Posts Friends: 3	by no form needed, i meant there was no form that Toyota was going to mail you... it's quite possible that there's a form the IRS will require you to fill out (stating car model and date purchased, for example), but as they haven't released the '06 paperwork (that I've seen) it's kinda hard to tell :P

10-26-2006, 06:33 PM	#8
tmgrl3 Join Date: Aug 2006 Posts: 295 My Car: Model: Package: Thanks: 0 Thanked 0 Times in 0 Posts Friends: 0	Scroll down on this site and you will get more info on tax credit...Form 8910 was a 2005 form and to date there isn't a new one...but this is a good site to answer any questions: http://www.ase.org/section/_audience...ers/taxcredits terri