Do I need to send in title copy to irs?
Active Enthusiast
Joined: May 2006
Posts: 179
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.
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.
Ridiculously Active Enthusiast
Joined: Jul 2006
Posts: 1,197
From: Lehigh Valley, PA
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. 
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