Government & Taxes Money, credits and more!

Do I need to send in title copy to irs?

  #1  
Old 04-16-2007, 07:48 AM
Enthusiast
Thread Starter
Join Date: Nov 2006
Posts: 33
Default Do I need to send in title copy to irs?

Turbo tax doesn't specify if i should send in the title to show proof of receipt of vehicle? Anybody know??

jco
 
  #2  
Old 04-16-2007, 08:47 AM
Active Enthusiast
Join Date: Feb 2006
Location: Central PA
Posts: 147
Default Re: Do I need to send in title copy to irs?

I did neither. Got my tax credit already. Just fill out the forms as TT says...

Eric
 
  #3  
Old 04-16-2007, 09:50 AM
Active Enthusiast
Join Date: May 2006
Posts: 179
Default Re: Do I need to send in title copy to irs?

The IRS works predominantly on the honor system until you get audited. They will want proof at that time. You will need to have proof that 1)You purchased it 2)You purchased it New 3)You put it to use 4) This one is not critical but, proof that it qualifies for the credit.

I would keep copies of supporting documents such as 1)Bill of Sale from the Dealer 2)Title 3)Insurance or Registration. Attach them to the file copy of your return and rest easy.
 
  #4  
Old 04-17-2007, 06:39 AM
WaltPA's Avatar
Ridiculously Active Enthusiast
Join Date: Jul 2006
Location: Lehigh Valley, PA
Posts: 1,197
Default Re: Do I need to send in title copy to irs?

Of course, the IRS will seize your Hybrid and auction it off, to pay the additional taxes owed for falsely claiming you purchased a Hybrid.
 
Related Topics
Thread
Topic Starter
Forum
Replies
Last Post
haroldo
Toyota Camry Hybrid
24
12-15-2010 05:23 AM
deezwho
Ford Escape Hybrid
4
08-31-2008 06:28 AM
spiff72
Toyota Camry Hybrid
15
01-27-2007 03:21 AM
Delta Flyer
Journalism & The Media
46
09-27-2005 03:12 PM


Thread Tools
Search this Thread
Quick Reply: Do I need to send in title copy to irs?


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

© 2019 MH Sub I, LLC dba Internet Brands

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.