Quote:
Originally Posted by Haywood
I think you're being optimistic. The administration are hiring thousands more IRS agents. $7,500 is no small amount to be giving back to its citizens. They obviously can't audit everyone, but I do believe this will be looked at very carefully.
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Disagree 100%. They aren't going to he hiring an army of lawyers. They are going to hire a bunch of folks in the $15 to $25 an hour range. My guess is if they even care they will add an additional set of questions to form 8936 so filers are able to enter the date of order. And if by chance some automated system spits out an issue for an individual they may assess the 7500 as owed back and ask for proof of order date. It's all speculation at this point, but the reason for the additional agents has little to do with the EV credit extension. In the future the credit will mostly come directly from dealers as up front discounts.