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2019 IRS Form 8936
- Thread starter JSWE
- Start date
Why is this form not available as of yet? I want my money.
you do realize that the credit is a non-refundable credit right, meaning that you won't get cash out of the IRS for that nor any credit if your tax liability is zero or under?
I'm guessing the percentage of individuals purchasing a Tesla with zero total tax liability is pretty small...
SageBrush
REJECT Fascism
vjason
Member
The 2019 8911 form (charger install credit) isn't available yet either.
I’m waiting on the 2018 version of form 8911:
https://www.irs.gov/pub/irs-pdf/f8911.pdf
Don’t expect any of these forms to be available for another 2 weeks at least.
Basically what, retirees with no investments that pay dividends, and trust fund babies with very weirdly managed finances?
According to the IRS website, the form is "supposed" to be available tomorrow.
Federal Individual Forms Availability
Federal Individual Forms Availability
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Knightshade
Well-Known Member
Ditto. Would've been nice if they'd let you take the credit on your 2019 return for spend in either 18 or 19 to avoid all the churn on both ends of dealing with amended returns, but that would've made too much sense I guess.
Knightshade
Well-Known Member
If you normally get a refund from the IRS it means you're giving the government an interest-free loan all year.
Which is dumb to do but millions and millions of people do it anyway.
Ideal way to set up your taxes is that you owe the max amount that doesn't incur a stiff penalty each year- that way the government gave you an interest-free loan all year.
(even better you can usually use that "owed" amount to knock out one or more credit card card signup bonuses)
I was being a little sarcastic in trying to imply that what you describe above is how I manage my taxes
Turbotax was telling me I was waiting for form 8834 which is available today. Glad turbotax is so clear on which form I need for my tax credit.
Have you found a way to pay the IRS with a credit card and not be charged exorbitant fees?
Knightshade
Well-Known Member
I don't really consider 1.87% "exorbitant" so I guess yes?
Pay Your Taxes by Debit or Credit Card | Internal Revenue Service
A typical credit card signup bonus can net you $750-$1000 in value pretty easily (often more in some cases) for a spend of 3-5k... 1.87% of 5k is $93.50
Paying $93.50 for $1000 in value is kinda the opposite of exorbitant to me.
Yes for your situation can make sense. Personally I don't like opening new accounts all the time. I spend ~$250k yearly on cc's so would just like to pay with a rewards card I already have. Most are about 2% back so kinda spinning my wheels to pay taxes with the fees you linked...
