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Tax incentive

Discussion in 'Prius Tax Credit Discussion' started by chimohio, Oct 25, 2006.

  1. chimohio

    chimohio New Member

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    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? <_<
     
    #1 chimohio, Oct 25, 2006
  2. Rest

    Rest Active Member

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    There is no form. But do hang on to your sales agreement should you get a visit from the IRS.
     
    #2 Rest, Oct 26, 2006
  3. eagle33199

    eagle33199 Platinum Member

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    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).
     
    #3 eagle33199, Oct 26, 2006
  4. xbdude

    xbdude opticat

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    Thanks for that info, Eagle! Mine arrived January 29 of '06, so I guess I'm good.
     
    #4 xbdude, Oct 26, 2006
  5. Soylent

    Soylent The v isn't a station wagon! It's just big boned

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    Are you guys sure we don't need to fill out Form 8910?
     
    #5 Soylent, Oct 26, 2006
  6. eagle33199

    eagle33199 Platinum Member

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    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
     
    #6 eagle33199, Oct 26, 2006
  7. chimohio

    chimohio New Member

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    <div class='quotetop'>QUOTE(Soylent @ Oct 26 2006, 01:39 PM) [snapback]338695[/snapback]</div>
    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.
     
    #7 chimohio, Oct 26, 2006
  8. tmgrl3

    tmgrl3 Member

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    #8 tmgrl3, Oct 26, 2006
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