IRS_Form_8910.pdf

8910

Alternative Motor Vehicle Credit

OMB No. 1545-1998

Form

2006

Attach to your tax return.

Department of the Treasury

Internal Revenue Service

Attachment

Sequence No. 152

Name(s) shown on return

Identifying number

Part I

Tentative Credit

Use a separate column for each vehicle. If you need more columns, use

additional Forms 8910 and include the totals on lines 8 and 12.

(a)

(b)

(c)

Year, make, and model of vehicle

Enter date vehicle was placed in service (MM/DD/YYYY)

Maximum credit allowable (see instructions)

Phaseout percentage (see instructions)

Tentative credit. Multiply line 3 by line 4

Part II

Credit for Business/Investment Use Part of Vehicle

Business/investment use percentage (see instructions)

Multiply line 5 by line 6

Add columns (a) through (c) on line 7

Alternative motor vehicle credit from partnerships and S corporations

Business/investment use part of credit. Add lines 8 and 9. Partnerships and S corporations, report

this amount on Schedule K; all others, report this amount on Form 3800, line 1v

Part III

Credit for Personal Use Part of Vehicle

Subtract line 7 from line 5

Add columns (a) through (c) on line 11

Regular tax before credits:

c Individuals. Enter the amount from Form 1040, line 44 (or Form 1040NR,

line 41)

Other filers. Enter the regular tax before credits from your return

Credits that reduce regular tax before the alternative motor vehicle credit:

Foreign tax credit

14a

Credits from Form 1040, lines 48 through 54 (or Form 1040NR, lines 45

through 49)

14b

Qualified electric vehicle credit (Form 8834, line 20)

14c

Add lines 14a through 14c

14d

Net regular tax. Subtract line 14d from line 13. If zero or less, stop here; do not file this form unless

you are claiming a credit on line 10

Tentative minimum tax (see instructions):

Individuals. Enter the amount from Form 6251, line 33

Other filers. Enter the tentative minimum tax from your alternative minimum tax form or schedule

Subtract line 16 from line 15. If zero or less, stop here; do not file this form unless you are claiming

a credit on line 10

Personal use part of credit. Enter the smaller of line 12 or 17 here and on Form 1040, line 55; Form

1040NR, line 50; or the appropriate line of your return. If line 17 is smaller than line 12, see instructions

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 37720F

Form 8910 (2006)

Form 8910 (2006)

Page 2

General Instructions

If, however, the Internal Revenue Service publishes an

announcement that the certification for any specific

make, model, and model year vehicle has been

withdrawn, you cannot rely on the certification for such a

vehicle purchased after the date of publication of the

withdrawal announcement.

If you purchased a vehicle and its certification was

withdrawn on or after the date of purchase, you can rely

on such certification even if you had not placed the

vehicle in service or claimed the credit by the date the

withdrawal announcement was published by the IRS.

The IRS will not attempt to collect any understatement

of tax liability attributable to reliance on the certification

as long as you purchased the vehicle on or before the

date the IRS published the withdrawal announcement.

In addition to certification, the following requirements

must be met to qualify for the credit:

Section references are to the Internal Revenue Code.

What’s New

Taxpayers that are not partnerships or S corporations,

and whose only source of this credit is from those

pass-through entities, are not required to complete or

file this form. Instead, they can report this credit directly

on line 1v of Form 3800.

Purpose of Form

Use Form 8910 to figure your credit for alternative motor

vehicles you placed in service after 2005. The credit

attributable to depreciable property (vehicles used for

business or investment purposes) is treated as a general

business credit. Any credit not attributable to

depreciable property is treated as a personal credit.

You placed the vehicle in service after 2005;

If your vehicle was used only for personal

purposes during the year, and you owe

alternative minimum tax (for example, Form

1040, line 45, is more than zero), do not

complete Form 8910 because your allowable credit will

be zero.

The original use of the vehicle began with you;

You acquired the vehicle for your use or to lease to

others, and not for resale; and

Line 4

You use the vehicle primarily in the United States.

Exception. If you are the seller of a new vehicle to a

tax-exempt organization, governmental unit, or a foreign

person or entity, and the use of that vehicle is described

in section 50(b)(3) or (4), you can claim the credit, but

only if you clearly disclose in writing to the purchaser the

amount of the tentative credit allowable for the vehicle

(from line 5 of Form 8910).

Alternative Motor Vehicle

An alternative motor vehicle is a new vehicle that

qualifies as one of the following four types of vehicles.

Advanced lean burn technology vehicle. This is a

vehicle with an internal combustion engine that

incorporates direct injection, is designed to operate

primarily using more air than is necessary for complete

combustion of the fuel, and that meets certain

additional requirements.

For details, see section 30B, Notice 2006-9 (qualified

hybrid and lean burn technology vehicles), and Notice

2006-54 (qualified alternative fuel vehicles). You can find

Notice 2006-9 on page 413 of Internal Revenue Bulletin

2006-6 at www.irs.gov/pub/irs-irbs/irb06-06.pdf. You

can find Notice 2006-54 on page 1180 of Internal

Revenue Bulletin 2006-26 at

www.irs.gov/pub/irs-irbs/irb06-26.pdf.

Qualified hybrid vehicle. This is a vehicle that draws

propulsion energy from onboard sources of stored

energy that are both an internal combustion or heat

engine using consumable fuel and a rechargeable

energy storage system and that meets certain

additional requirements.

Credit Phaseout

The credit for qualified hybrid and advanced lean burn

technology vehicles is subject to a phaseout once the

vehicle manufacturer (or, for a foreign manufacturer, its

U.S. distributor) sells 60,000 of these vehicles for use

in the United States after 2005. The phaseout begins in

the second calendar quarter after the quarter in which

the 60,000th vehicle was sold. Then the phaseout

allows 50% of the full credit for 2 quarters, 25% of the

full credit for 2 additional quarters, and no credit

thereafter.

Qualified alternative fuel vehicle. This is a vehicle

fueled by compressed natural gas, liquefied natural gas,

liquefied petroleum gas, hydrogen, any liquid that is at

least 85 percent methanol, or a mixture of one of these

fuels and a petroleum-based fuel, and that meets

certain additional requirements.

Qualified fuel cell vehicle. This is a vehicle propelled

by power derived from one or more cells which convert

chemical energy directly into electricity by combining

oxygen with hydrogen fuel and that meets certain

additional requirements.

Generally, for a qualified alternative fuel motor vehicle,

or for a passenger car or light duty truck that is either a

qualified hybrid vehicle or an advanced lean burn

technology vehicle, you can rely on the manufacturer’s

(or, in the case of a foreign manufacturer, its domestic

distributor’s) certification that a specific make, model,

and model year vehicle qualifies for the credit and the

maximum amount of the credit for which it qualifies.

Basis Reduction

Unless you elect not to claim the credit, you may have to

reduce the basis of each vehicle by the sum of the

amounts entered on lines 7 and 11 for that vehicle.

Recapture of Credit

If the vehicle no longer qualifies for the credit, you must

recapture part or all of the credit. For details, see section

30B(h)(8).

CAUTION

Form 8910 (2006)

Page 3

Specific Instructions

Line 3

Enter the maximum credit allowable (before reduction

under the phaseout rules) for the year, make, and model

of vehicle you entered on line 1. You can generally rely

on the manufacturer’s (or domestic distributor’s)

certification of the maximum credit allowable as

explained above.

Honda Accord Hybrid AT and Navi AT—$1,300

Honda Civic Hybrid CVT—$2,100

Honda Civic GX—$4,000

Lexus GS 450h—$1,550

Lexus RX 400h 2WD and 4WD—$2,200

Mercury Mariner 4WD Hybrid—$1,950

Nissan Altima Hybrid—$2,350

Saturn Vue Green Line—$650

At the time these instructions went to print, the

IRS had not announced the procedures for

determining the maximum credit allowable for

all vehicles that may qualify for the credit.

Toyota Camry Hybrid—$2,600

Line 4

Toyota Prius—$3,150

CAUTION

Maximum credit allowable. Maximum credit allowable

amounts acknowledged by the IRS before this form

went to print in January 2007 are listed below.

This list contains information from IRS news

releases available at the time this form went

to print. To check for later IRS news releases

that may update this list, visit

www.irs.gov/newsroom/article/0,,id=161076,00.html

Model Year 2005

Toyota Highlander Hybrid 2WD and 4WD—$2,600

Line 4

Enter 100% unless the vehicle is a qualified hybrid or

advanced lean burn technology vehicle manufactured

by the Toyota Motor Corporation. Enter the following

percentage if the vehicle is a Toyota or Lexus qualified

hybrid or advanced lean burn technology vehicle.

100% if you purchased it before October 1, 2006.

50% if you purchased it after September 30, 2006,

but before April 1, 2007.

Ford Escape 2 WD Hybrid—$2,600

25% if you purchased it after March 31, 2007, but

before October 1, 2007.

Ford Escape 4 WD Hybrid—$1,950

Honda Accord Hybrid AT and Navi AT—$650

0% if you purchased it after September 30, 2007.

At the time these instructions went to print,

only Toyota Motor Corporation sold vehicles

subject to the credit phaseout. However, if

you are filing a 2006 Form 8910 for a fiscal

year that ends after June 30, 2007, and you purchased

a qualified hybrid or advanced lean burn technology

vehicle from another manufacturer after that date, you

may be subject to a 50% phaseout percentage. You

can visit www.irs.gov and search for “hybrid” to get the

latest phaseout information.

Honda Civic Hybrid MT and CVT—$1,700

Honda Insight CVT—$1,450

Toyota Prius—$3,150

Line 4

Model Year 2006

Chevrolet Silverado 2WD Hybrid Pickup Truck—$250

Chevrolet Silverado 4WD Hybrid Pickup Truck—$650

Ford Escape Hybrid (Front) 2WD—$2,600

Ford Escape Hybrid 4WD—$1,950

GMC Sierra 2WD Hybrid Pickup Truck—$250

Line 6

GMC Sierra 4WD Hybrid Pickup Truck—$650

Enter the percentage of business/investment use.

Honda Accord Hybrid AT and Navi AT without

updated calibration—$650

Enter 100% if the nature of the vehicle does not lend

itself to personal use or you are claiming the credit as

the seller of the vehicle.

Honda Accord Hybrid AT and Navi AT with updated

calibration—$1,300

If the nature of the vehicle lends itself to personal use

(for example, automobiles, pickup trucks, and sport

utility vehicles), determine this percentage by dividing

the number of miles the vehicle is driven during the year

for trade or business purposes or for the production of

income (not to include any commuting mileage) by the

total number of miles the vehicle is driven for all

purposes. Treat vehicles used by your employees as

being used 100% for business/investment purposes if

the value of personal useis included in the employees’

gross income, or the employees reimburse you for the

personal use. If you report the amount of personal use of

the vehicle in your employee’s gross income and

withhold the appropriate taxes, enter 100% for the

percentage of business/investment use.

Honda Civic Hybrid CVT—$2,100

Honda Insight CVT—$1,450

Lexus RX400h 2WD and 4WD—$2,200

Mercury Mariner Hybrid 4WD—$1,950

Toyota Highlander 2WD and 4WD Hybrid—$2,600

Toyota Prius—$3,150

Model Year 2007

Chevrolet Silverado 2WD Hybrid Pickup Truck—$250

Chevrolet Silverado 4WD Hybrid Pickup Truck—$650

Ford Escape Hybrid 2WD—$2,600

Ford Escape Hybrid 4WD—$1,950

GMC Sierra 2WD Hybrid Pickup Truck—$250

GMC Sierra 4WD Hybrid Pickup Truck—$650

CAUTION

Form 8910 (2006)

Page 4

If during the tax year you convert property used solely

for personal purposes to business/investment use (or

vice versa), figure the percentage of business/

investment use only for the number of months you use

the property in your business or for the production of

income. Multiply that percentage by the number of

months you use the property in your business or for the

production of income and divide the result by 12. For

example, if you converted a vehicle to 50% business

use for the last 6 months of the year, you would enter

25% on line 6 (50% multiplied by 6 divided by 12).

Paperwork Reduction Act Notice. We ask for the

information on this form to carry out the Internal

Revenue laws of the United States. You are required to

give us the information. We need it to ensure that you

are complying with these laws and to allow us to figure

and collect the right amount of tax.

You are not required to provide the information

requested on a form that is subject to the Paperwork

Reduction Act unless the form displays a valid OMB

control number. Books or records relating to a form or

its instructions must be retained as long as their

contents may become material in the administration of

any Internal Revenue law. Generally, tax returns and

return information are confidential, as required by

section 6103.

The time needed to complete and file this form will

vary depending on individual circumstances. The

estimated burden for individual taxpayers filing this form

is approved under OMB control number 1545-0074 and

is included in the estimates shown in the instructions for

their individual income tax return. The estimated burden

for all other taxpayers who file this form is shown below.

For more information, see Pub. 463, Travel,

Entertainment, Gift, and Car Expenses.

Line 16

Although you may not owe alternative minimum tax

(AMT), you must still figure the tentative minimum tax

(TMT) to figure your allowable credit. Complete and

attach the applicable AMT form or schedule and enter

the TMT on line 16.

Line 18

If you cannot use part of the personal portion of the

credit because of the tax liability limit, the unused credit

is lost. The unused personal portion of the credit cannot

be carried back or forward to other tax years.

Recordkeeping

9 hr., 19 min.

Learning about the law

or the form

12 min.

Preparing and sending

the form to the IRS

21 min.

If you have comments concerning the accuracy of

these time estimates or suggestions for making this form

simpler, we would be happy to hear from you. See the

instructions for the tax return with which this form is

filed.

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