SECTION 10. SUSPENSION OF

REGISTERED DEALER ELIGIBILITY

.01 Suspension of Eligibility. The IRS may suspend a registered dealer’s eligibility to participate in the advance payment program for any of the following reasons:

(1) The IRS determines that the registered dealer provided inaccurate information to the taxpayer regarding the vehicle’s eligibility or the taxpayer’s eligibility for the advance payment program;

(2) The IRS determines that the registered dealer provided inaccurate information to the IRS regarding the vehicle’s eligibility or taxpayer’s eligibility for the advance payment program;

(3) The IRS determines that the registered dealer provided inaccurate information to the IRS regarding its eligibility for the advance payment program;

(4) The registered dealer fails to satisfy the dealer tax compliance requirement in section 8.02 of this revenue procedure;

(5) The IRS determines that the bank account information that the dealer provided through the IRS Energy Credits Online Portal is not valid;

(6) The dealer fails to report the return of a vehicle through the IRS Energy Credits Online Portal as required in section 4.04(f) of this revenue procedure;

October 23, 2023 1140 Bulletin No. 2023–43

(7) The IRS determines it is necessary to suspend the registered dealer’s registration to prevent abuse of the advance payment program.

.02 Notification by the IRS to the Dealer. If the IRS determines a registered dealer’s eligibility for the advance payment program should be suspended pursuant to section 10.01 of this revenue procedure, the IRS will notify the registered dealer of such determination.

.03 Correction. The registered dealer will be notified of a suspension from the advance payment program as well as the reason for the suspension. The registered dealer will be given an opportunity to correct any errors that caused its suspension. The registered dealer cannot participate in the advance payment program from the moment it is notified of the suspension, unless and until the suspension is lifted.

.04 Revocation of Dealer’s Registration. If the registered dealer fails to correct the errors that caused the suspension from the advance payment program within a year of the suspension, the registered dealer’s registration will be revoked, and the procedures in section 11 of this revenue procedure will apply.