Last I read, the IRS portal needs to work and accept your tax information in order to do the end of year filing.
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Tax credit 2024 [The tax credit discussion thread]
- Thread starter vickh
- Start date
That's crazy. How many people with your first and last name have the same SS# as you do? Right, none. How come when the government gets months to develop a software do they still screw it up? They just can't get out of their own way. Instead of hiring 87,000 new investigators, maybe the IRS should have hired a handful of competent software developers.
Right. So it seems if your name is Jack Harry Smith, and the IRS only recognizes Jack H Smith, you're SOL. But Tesla should be able to allow us to edit the registration details to fix this, and they couldn't or wouldn't. We went round and round with support. Their solutions was to lease or cancel, and we were so peeved by then, we canceled. I'd still like the car, but I'm very gun-shy now. If I can't edit the middle name to match the IRS, we'll be in the same position -- with another $250 deposit.
This is probably all thanks to Real ID, where your DMV registration information has to match your birth certificate exactly, right? (Middle name spelled out, can't be just the initial unless the initial is the only thing on the birth certificate.)
All true, but the IRS is the problem. On the 1040 form I filed last year, they didn't have a place for middle name, only middle initial. If they only allow middle initial, then require that you match that on other documents, that's a failure.
I've had a driver's license since 1965 with my full middle name on it. My SS card is older than that and has my full name on it as well. The IRS only wants middle initial. The IRS is the problem. I'll find out in a couple of months if this is also a problem when filing for my 2023 tax credit for buying a Tesla. If it is, then tens of thousands of Tesla buyers are going to be upset, not just you and me.
I unfortunately had to pick up my Tesla in January before the POS credit went live. Is there any way to verify my information was actually sent to the IRS or any document that I will need to claim it in 2025 on my 2024 tax return?
Online you can only "Generate 2023 IRA Document" which of course nothing pops up for since the car was bought in 2024
Online you can only "Generate 2023 IRA Document" which of course nothing pops up for since the car was bought in 2024
so, I have a question for you. did the Tesla app show that your $7500 credit was approved before you went to pick up the car?
Mine shows approved in the APP, but I haven't pickup the car yet. I'm scheduled for tomorrow. I don't want any issues, ie, waiting hours for the IRS portal to approve it.
It did show in the app, and we got the email that everything was ready. So we drove the hour to get there, sat in "our" car while they finished up, and then got told the information didn't match with the IRS so they couldn't process it.
did Tesla support call the IRS?
did support say you could delete you account and create a new one with a matching middle name/initial?
i don't have a X account but this issue needs to be brought up to the Man in charge. it should also be brought up to the Biden admin since they're the ones pushing EVs and green energy.
did support say you could delete you account and create a new one with a matching middle name/initial?
i don't have a X account but this issue needs to be brought up to the Man in charge. it should also be brought up to the Biden admin since they're the ones pushing EVs and green energy.
As far as I know, they didn't call the IRS -- the info was not a 1:1 match, so they said there's nothing they could do, including going into their own app and fixing, or allowing me to do so. I could've deleted the account, but they said they'd release the car and I'd lose the deposit because it would be canceling the order. And they wouldn't work with me to avoid that. So after a couple days of them supposedly looking into I and giving me their final decision, I canceled, but don't want to try again unless I know I can edit my middle name. If I can't, that's another $250. I saw this happened to a couple users on Reddit, so my case can't be unique.
I understand the advantages to buying a car this way ... when it works. This is when I miss human interaction because I guarantee I would've come home in a car if I was at a traditional dealer.
How is your situation different from every other buyer? What are you doing differently? Everyone's driver's license should have their middle name on it. If Tesla is using your full name from your DL, nothing you can do about it. Nobody's IRS filing should have a middle name on it. So, these two should never match for anyone.
Just curious.
Just to be clear, I have a couple of questions for someone who recently purchased.
Is the $250 non-refundable reservation fee still credited back if you do purchase the car? It was when I last purchased a Tesla, although I did have to pay sales tax on the $250 since it was part of the purchase price before it was credited back.
Is the $7,500 POS subtracted from the purchase price before sales tax are applied? Or do you end up having to pay sales tax on that $7,500?
Is the $250 non-refundable reservation fee still credited back if you do purchase the car? It was when I last purchased a Tesla, although I did have to pay sales tax on the $250 since it was part of the purchase price before it was credited back.
Is the $7,500 POS subtracted from the purchase price before sales tax are applied? Or do you end up having to pay sales tax on that $7,500?
It acts like additional down-payment if you choose to apply it to the purchase (you can also pocket the cash) so no impact on sales tax.
Purchased almost 3 months ago. My $250 reservation fee was credited back on the final sales ticket. I didn't pay attention to whether I paid tax on that fee. I would assume I did since it, effectively, became a down payment.
The $250 reservation fee is not credited toward the vehicle price. If you buy a vehicle which costs $48,000, then you will pay $48,250 plus other fees and taxes. Here's my purchase agreement. You'll see they added the $250 to the purchase price, then gave credit for the $250 paid. You do pay taxes on the order fee, just like on the destination fee. This is in Texas, may be different in other States.
