Personal Finance (Not Investing) • Residential Energy Credit IRS Audit

So I installed solar panels on my home in 2022 and claimed the Residential Energy Credit (form 5695) on my Tax return (I do my own taxes with Turbotax). I'm pretty sure I have all the documentation to prove legitimacy. Today I got a letter from the IRS saying they want receipts etc. to prove I was eligible for the tax credit I claimed. Headache in that it will take some time to gather and format a response but it seems pretty straight forward.

Question. Should I just respond or is this something where I should hire a tax consultant to proceed? Like could this easily become a legal battle?

I just want to make sure that I don't create more work for myself if I leave some technicality out or somehow don't address their concerns completely. Their letter states to basically send everything related to the work done. But should I contact the solar company and get a letter from them? Should I provide building permits, electrical output of the panels, etc. etc. Their letter is not that specific.

I plan to be quite comprehensive but wonder if anyone else has been through this specifically and if I'm making too much of it? ... or not enough of it..

Thanks

doneat
(a little freaked out... first IRS audit ever...)

Statistics: Posted by doneat53 — Fri Oct 04, 2024 3:42 pm — Replies 2 — Views 244

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