Got my "examination" letter today.
It says I owe a bit over $9,000. $7,500 for the EV credit that I submitted documentation for with my return, plus the $1500 penalty and a little interest.
Nice to be treated like a tax evading criminal and slapped with an "Accuracy - IRC 6662" penalty when I have always gone out of my way to file truthful taxes, used a tax preparer and submitted all my documentation with my return.
I was especially careful to include all the required documentation for my EV credit with my return.
Because some people cheat is no excuse to treat people who honestly file tax returns like common criminals. While may take some time to enforce these penalties, it's still no excuse for the initial letter and threats, especially when the IRS has done nothing to validate or invalidate the claim.
IRS as usual....
I guess I can be thankful that the IRS has not seized my 2011 LEAF Electric Vehicle because they don't believe I purchased it!!!
I suspect at this rate, that everyone who claimed the electric vehicle credit should be prepared to receive this "examination" letter. I suspect the IRS is doing this to everyone who claimed the credit. So have your documentation ready, learn from the experiences of others in this thread and send your documentation in to the IRS to prove you're not a criminal tax fraud... The letter gives you 30 days to respond, and others have commented that the IRS will send out multiple letters before taking further action, but I'd recommend responding as soon as you get the letter to get the IRS out of your hair, and allowing ample time for further mix ups with the IRS if they loose the fax, still don't believe you or just plain don't bother to look.
It's unfortunate that taxpayers don't get accuracy penalty refunds where the IRS pays us $1500 for their inaccuracies and false accusations... I've always been a dreamer and idealist....