Instructions For Form 8910 - Alternative Motor Vehicle Credit - 2015

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2015
Department of the Treasury
Internal Revenue Service
Instructions for Form 8910
Alternative Motor Vehicle Credit
purchased the vehicle on or before the date the IRS
General Instructions
published the withdrawal announcement.
The following requirements must be met to qualify for the
Section references are to the Internal Revenue Code unless
credit:
otherwise noted.
You are the owner of the vehicle. If the vehicle is leased,
Future Developments
only the lessor and not the lessee, is entitled to the credit;
You placed the vehicle in service during your tax year;
For the latest information about developments related to
The original use of the vehicle began with you;
Form 8910 and its instructions, such as legislation enacted
You acquired the vehicle for use or to lease to others, and
after they were published, go to
not for resale; and
What's New
You use the vehicle primarily in the United States.
The alternative motor vehicle credit has been extended to
Exception. If you are the seller of an alternative motor
cover vehicles purchased in 2015 and 2016.
vehicle to a tax-exempt organization, governmental unit, or a
Purpose of Form
foreign person or entity, and the use of that vehicle is
described in section 50(b)(3) or (4), you can claim the credit,
Use Form 8910 to figure your credit for alternative motor
but only if you clearly disclose in writing to the purchaser the
vehicles you placed in service during your tax year. The
amount of the tentative credit allowable for the vehicle (from
credit attributable to depreciable property (vehicles used for
line 6 of Form 8910). Treat all vehicles eligible for this
business or investment purposes) is treated as a general
exception as business/investment property. If you elect to
business credit. Any credit not attributable to depreciable
claim the credit, you must reduce cost of goods sold by the
property is treated as a personal credit.
amount you entered on line 6 for that vehicle.
Partnerships and S corporations must file this form to
More information. For details, see the following.
claim the credit. All other taxpayers are not required to
Section 30B.
complete or file this form if their only source for this credit is a
Notice 2008-33, 2008-12 I.R.B. 642, available at
partnership or S corporation. Instead, they can report this
credit directly on line 1r in Part III of Form 3800, General
Basis Reduction
Business Credit.
Alternative Motor Vehicle
Unless you elect not to claim the credit, you may have to
reduce the basis of each vehicle by the sum of the amounts
An alternative motor vehicle is a vehicle with at least four
entered on lines 6 and 10 for that vehicle.
wheels that qualifies as a qualified fuel cell vehicle.
Coordination With Other Credits
Qualified fuel cell vehicle. This is a new vehicle propelled
If a vehicle qualifies for the qualified plug-in electric drive
by power derived from one or more cells that convert
motor vehicle credit on Form 8936, the vehicle does not
chemical energy directly into electricity by combining oxygen
qualify for the alternative motor vehicle credit.
with hydrogen fuel, and that meets certain additional
requirements.
Recapture of Credit
Certification and other requirements. Generally, you can
If the vehicle no longer qualifies for the credit, you may have
rely on the manufacturer's (or, in the case of a foreign
to recapture part or all of the credit. For details, see section
manufacturer, its domestic distributor's) certification to the
30B(h)(8).
IRS that a specific make, model, and model year vehicle
qualifies for the credit and the amount of the credit for which
Specific Instructions
it qualifies. The manufacturer or domestic distributor should
be able to provide you with a copy of the IRS letter
Line 2
acknowledging the certification of the vehicle.
If, however, the IRS publishes an announcement that the
Enter the vehicle's vehicle identification number (VIN) on
certification for any specific make, model, and model year
line 2. The VIN of a vehicle can be obtained from the
vehicle has been withdrawn, you cannot rely on the
registration, title, proof of insurance, or actual vehicle.
certification for such a vehicle purchased after the date of
Generally, the VIN is 17 characters made up of numbers and
publication of the withdrawal announcement.
letters.
If you purchased a vehicle and its certification was
Line 4
withdrawn on or after the date of purchase, you can rely on
Tentative Credit
such certification even if you had not placed the vehicle in
service or claimed the credit by the date the withdrawal
Enter the tentative credit for the year, make, and model of
announcement was published by the IRS. The IRS will not
vehicle you entered on line 1. You can generally rely on the
attempt to collect any understatement of tax liability
attributable to reliance on the certification as long as you
Jan 05, 2016
Cat. No. 20107S

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