The Federal Tax Credits Blog

Posts Tagged ‘hybrid car tax credit form’

Question: hybrid car tax credit?

i bought a hybrid car (toyota prius ) in 2005 and i did not take the tax credit for it on 2005 tax returns(did not know at the time).now i would like to file an amended form for 2005 but i keep getting different answers as to how and h&r block that did the 2005 return seems to know less than i do…i know someone out there knows what form besides the 1040x i have to use for this and is it a tax credit or an adjustment to my gross income…i think it is a credit ????thanks bill

Answer: You need to complete the 1040X and Form 8910 the amount of the credit would be reported in column C for Credits, After completing the entire 1040X (including the explaination of changes on the back or page 2 of the 1040X. attach the 8910 to the 1040X and mail it in, it will take 8 to 12 weeks to process

http://www.irs.gov/pub/irs-pdf/f8910.pdf

http://www.irs.gov/pub/irs-pdf/f1040x.pdf

http://www.irs.gov/pub/irs-pdf/i1040x.pdf

ENER1 Reports Second Quarter Results for 2010

ENER1, Inc. , today announced financial results for its second quarter ended June 30, 2010. Â Net sales were $16.1 million in the second quarter of 2010, an increase of 113% over net sales of $7.5 million in the second quarter of 2009. Â Net sales were $27.0 million for the six months ended June 30, 2010, an increase of 72% over net sales of $15.7 million in the prior year six month period. Â …

Toyota Cars & Trucks : About the Toyota Camry Hybrid Tax Credit