SECTION 11. REVOCATION OF

REGISTERED DEALER ELIGIBILITY AND RE-REGISTRATION

.01 Revocation of Dealer Eligibility. The IRS may revoke a dealer’s registration to receive credits transferred under §§ 30D(g) or 25E(f) and be eligible for advance payments of such credits for any of the following reasons:

(1) The registered dealer fails to comply with any of the registration requirements in section 4 of this revenue procedure;

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

(3) The registered dealer loses its license to sell vehicles;

(4) The IRS determines that the registered dealer provided inaccurate information to the taxpayer regarding the vehicle eligibility or the taxpayer’s eligibility for the advance payment program, in circumstances where the IRS determines that revocation, rather than suspension, as

referenced in section 10.01(1) of this revenue procedure, is appropriate;

(5) The IRS determines that the registered dealer provided inaccurate information to the IRS regarding vehicle eligibility or taxpayer eligibility for the advance payment program, in circumstances where the IRS determines that revocation, rather than suspension, as referenced in section 10.01(2) of this revenue procedure, is appropriate;

(6) The registered dealer fails to retain records for each taxpayer who makes a transfer election for a period of three years;

(7) The registered dealer’s registration has been suspended three times in the preceding year in accordance with section 10 of this revenue procedure.

.02 Notification by the IRS to the Dealer. If the IRS determines a registered dealer’s eligibility for the advance payment program should be revoked, the IRS will notify the registered dealer within 30 days of such determination.

.03 Right to Administrative Review. If a registered dealer is notified of the revocation of its eligibility for the advance payment program, it will have the opportunity to administrative review of the IRS’s determination. During the period that the issue is pending, the registered dealer cannot participate in the advance payment program. Once the IRS makes a final determination, a registered dealer’s registration will either be confirmed as revoked, fully reinstated, or reinstated under conditions as determined by the IRS.

.04 Re-Registration of Dealer. No earlier than one calendar year after the date of the notification described in section 11.02 of this revenue procedure revoking a registered dealer’s registration, a registered dealer may apply to register again through the IRS Energy Credits Online Portal, as described in section 4.03(c) of this revenue procedure.

.05 Non Eligibility for Re-Registration. After a registered dealer’s registration has been revoked, including any final IRS determinations following the dealer’s request for an administrative review of the revocation, if applicable, on three separate occasions, the registered dealer will be permanently barred from re-registering with the IRS and participating in the advance payment program.