Instructions For Form 8936 - Qualified Plug-In Electric Drive Motor Vehicle Credit - 2015

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2015
Department of the Treasury
Internal Revenue Service
Instructions for Form 8936
Qualified Plug-in Electric Drive Motor Vehicle Credit (Including Qualified
Two-Wheeled Plug-in Electric Vehicles)
Section references are to the Internal Revenue Code unless
the IRS that a specific make, model, and model year vehicle
otherwise noted.
qualifies for the credit and, if applicable, the amount of the credit
for which it qualifies. The manufacturer or domestic distributor
Future Developments
should be able to provide you with a copy of the IRS letter
acknowledging the certification of the vehicle.
For the latest information about developments related to Form
8936 and its instructions, such as legislation enacted after they
If, however, the IRS publishes an announcement that the
were published, go to
certification for any specific make, model, and model year
What's New
vehicle has been withdrawn, you cannot rely on the certification
for such a vehicle purchased after the date of publication of the
The credit for qualified two- and three-wheeled plug-in electric
withdrawal announcement.
vehicles expired for vehicles acquired after 2013. However, the
credit for qualified two-wheeled plug-in electric vehicles has
If you purchased a vehicle and its certification was withdrawn
been restored to cover vehicles acquired in 2015 and 2016. No
on or after the date of purchase, you can rely on such
credit is available for qualified two-wheeled vehicles acquired in
certification even if you had not placed the vehicle in service or
2014.
claimed the credit by the date the withdrawal announcement
was published by the IRS. The IRS will not attempt to collect any
General Instructions
understatement of tax liability attributable to reliance on the
certification as long as you purchased the vehicle on or before
Purpose of Form
the date the IRS published the withdrawal announcement.
Use Form 8936 to figure your credit for qualified plug-in electric
The following requirements must be met to qualify for the
drive motor vehicles you placed in service during your tax year.
credit:
Also use Form 8936 to figure your credit for certain qualified
You are the owner of the vehicle. If the vehicle is leased, only
two-wheeled plug-in electric vehicles acquired after 2014.
the lessor and not the lessee, is entitled to the credit;
You placed the vehicle in service during your tax year;
The credit attributable to depreciable property (vehicles used
The vehicle is manufactured primarily for use on public
for business or investment purposes) is treated as a general
streets, roads, and highways;
business credit. Any credit not attributable to depreciable
property is treated as a personal credit.
The original use of the vehicle began with you;
You acquired the vehicle for use or to lease to others, and not
Partnerships and S corporations must file this form to claim
for resale; and
the credit. All other taxpayers are not required to complete or file
You use the vehicle primarily in the United States.
this form if their only source for this credit is a partnership or S
corporation. Instead, they can report this credit directly on line 1y
Exception. If you are the seller of a qualified plug-in electric
in Part III of Form 3800, General Business Credit.
drive motor vehicle or qualified two-wheeled plug-in electric
vehicle to a tax-exempt organization, governmental unit, or a
Qualified Plug-in Electric Drive Motor
foreign person or entity, and the use of that vehicle is described
Vehicle
in section 50(b)(3) or (4), you can claim the credit, but only if you
clearly disclose in writing to the purchaser the amount of the
This is a new vehicle with at least four wheels that:
tentative credit allowable for the vehicle (from line 11 of Form
Is propelled to a significant extent by an electric motor that
8936). Treat all vehicles eligible for this exception as business/
draws electricity from a battery that has a capacity of not less
investment property. If you elect to claim the credit, you must
than 4 kilowatt hours and is capable of being recharged from an
reduce cost of goods sold by the amount you entered on line 11
external source of electricity, and
for that vehicle.
Has a gross vehicle weight of less than 14,000 pounds.
More information. For details, see the following.
Qualified Two-Wheeled Plug-in
Section 30D.
Notice 2009-89, 2009-48 I.R.B. 714, available at
Electric Vehicle
irb/2009-48_IRB/ar09.html.
This is a new vehicle with two wheels that:
Notice 2012-54, 2012-52 I.R.B. 773, available at
irb/2012-52_IRB/ar13.html.
Is capable of achieving a speed of 45 miles per hour or
Notice 2013-67, 2013-45 I.R.B. 470, available at
greater,
irb/2013-45_IRB/ar05.html.
Is propelled to a significant extent by an electric motor that
draws electricity from a battery that has a capacity of not less
Credit Phaseout
than 2.5 kilowatt hours and is capable of being recharged from
an external source of electricity, and
The credit for vehicles with at least four wheels is subject to a
Has a gross vehicle weight of less than 14,000 pounds.
phaseout (reduction) once the vehicle manufacturer (or, for a
foreign manufacturer, its U.S. distributor) sells 200,000 of these
Certification and Other Requirements
vehicles to a retailer for use in the United States after 2009. The
phaseout begins in the second calendar quarter after the quarter
Generally, you can rely on the manufacturer’s (or, in the case of
in which the 200,000th vehicle was sold. Then the phaseout
a foreign manufacturer, its domestic distributor’s) certification to
Jan 26, 2016
Cat. No. 67912V

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