Very important tax related question !!! Tax time !!!!!

You won't qualify for the 30% EV charging equipment credit if you are subject to the AMT, but you are still eligible for the $7,500 Tax Credit. Don't worry.

LEAF Owners went through this last year. I don't believe the $7,500 tax credit is affected by AMT ot TMT...The IRS held up payments last year and sent letters to LEAF owners that were not accurate.

My Nissan Leaf Forum View topic - Electric drive vehicle credit 8936 decreased/rejected by IRS

It's a long thread, but ultimately people got their money from the IRS.

Here is a document put together by one of the LEAF owners who researched all the relevant issues...Very thorough....

EV Tax Credit and AMT/TMT - Google Drive

Bottom line, you should be okay...

PorscheDealer said:

***Are any of you annoyed by the FOB's not fitting on a std keyring? ****

Click to expand...

Yes; there's a whole thread discussing work-arounds: Key Fob solutions

My understanding is that if you bought your Model S in 2013, the tax credit will apply to the taxes you owe in 2013. This means (I think) that you won't be able to claim the tax credit until April 2014 when you file your taxes for 2013. So you have plenty of time.

Jeff Miller said:

My understanding is that if you bought your Model S in 2013, the tax credit will apply to the taxes you owe in 2013. This means (I think) that you won't be able to claim the tax credit until April 2014 when you file your taxes for 2013. So you have plenty of time.

Click to expand...

Do you have any idea what documents we need to substantiate the tax credit? When my car was delivered, the only document included was a folded "window sticker" in the glove box. I'd rather collect all necessary documents/forms now so that I'm not left scrambling this time next year.

Your tax liability has to be over $7500 in order to benefit. If you pay no taxes, you get no credit.

jbherman said:

Do you have any idea what documents we need to substantiate the tax credit? When my car was delivered, the only document included was a folded "window sticker" in the glove box. I'd rather collect all necessary documents/forms now so that I'm not left scrambling this time next year.

Click to expand...

I'm an accountant, but I think all you need to do is fill out and submit IRS Form 8936 and submit it with your taxes.
If you are audited down the road, you'll presumably have to show the IRS your purchase agreement and proof of payment.
I'm not sure what else you would need.

Here's some info in regards to the Volt which should apply to Tesla as well:

Chevy Volt Federal Tax Credit Form 8936 (2013 Update) | MyChevroletVolt.com

Jeff Miller said:

I'm an accountant, but I think all you need to do is fill out and submit IRS Form 8936 and submit it with your taxes.

Click to expand...

Sorry, the above should have read "I'm NOT an accountant"!

Jeff Miller said:

I'm not an accountant, but I think all you need to do is fill out and submit IRS Form 8936 and submit it with your taxes.

Click to expand...

I'm not an accountant either, but I did discover that filing this form prevents you from being able to eFile your federal (and Oregon state) taxes for 2012.

Guess you won't be using your friend for your accounting

jbherman said:

When my car was delivered, the only document included was a folded "window sticker" in the glove box. I'd rather collect all necessary documents/forms now so that I'm not left scrambling this time next year.

Click to expand...

Call ownership experience and request all the docs. I did when filling out my CA rebate and noticed that I didn't have the countersigned version of any of the docs we went through during deliver (including any copy of my due bill). In about 1 minute I had an email with everything.

Now if the car is for your business, a sole proprietorship, do you still get the tax credit, or does the business?

AndyM said:

I'm not an accountant either, but I did discover that filing this form prevents you from being able to eFile your federal (and Oregon state) taxes for 2012.

Click to expand...

For now. I believe from next week the IRS will begin to accept additional efiled forms.

The tax law changes from a couple of months ago mean the IRS is behind in getting the forms out and being able to process them for e-filing.