Now that final regulations on the transferability of energy tax credits under the Inflation Reduction Act have been issued by the U.S. Department of Treasury (Treasury) and the Internal Revenue Service (IRS), many investors...more
6/12/2024
/ Clean Energy ,
Energy Sector ,
Income Taxes ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
Investors ,
IRS ,
Land Developers ,
Nuclear Power ,
Renewable Energy ,
Tax Credits ,
Transfers ,
U.S. Treasury
On April 25, 2024, the U.S. Department of Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations regarding the transfer of energy tax credits under the Inflation Reduction Act of 2022 (IRA)....more
5/29/2024
/ Alternative Fuels ,
Carbon Capture and Sequestration ,
Energy Sector ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
Investment Tax Credits ,
IRS ,
New Regulations ,
Nuclear Power ,
Production Tax Credit ,
Renewable Energy ,
Tax Credits ,
U.S. Treasury
Last week the Department of Treasury and Internal Revenue Services (IRS) issued procedural guidance for the second year of the Low-Income Communities Bonus Credit Program under Section 48(e) of the Internal Revenue Code...more
4/5/2024
/ Capacity ,
Clean Energy ,
Department of Energy (DOE) ,
Energy Projects ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
Investment Tax Credits ,
IRS ,
Low-Income Issues ,
Solar Energy ,
Tax Credits ,
U.S. Treasury ,
Wind Power
On March 5, 2024, the U.S. Department of Treasury and Internal Revenue Services (IRS) released final regulations regarding the direct payment election under the Inflation Reduction Act of 2022 (IRA), a tax credit monetization...more
3/8/2024
/ Excessive Fees ,
Final Guidance ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
Monetization ,
Penalties ,
Proposed Regulation ,
Regulatory Requirements ,
Tax Credits ,
U.S. Treasury
As provided for in the 2022 Inflation Reduction Act (or IRA), entities not subject to taxation such as cities, counties, municipal utilities, school districts and 501(c)(3) organizations (or tax-exempt entities) can now take...more
Despite rising inflation and interest rates, some Arkansas individuals and corporations can look forward to relief when filing their state income tax returns for this year and next year. Such relief will come in the form of...more
On December 27, 2020, President Donald Trump signed into law the “Consolidated Appropriations Act of 2021 a small portion of which, the COVID-Related Tax Relief Act of 2020, (Relief Act) extends and modifies certain relief to...more
2/9/2021
/ Child Care ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Families First Coronavirus Response Act (FFCRA) ,
Family and Medical Leave Act (FMLA) ,
Health Care Providers ,
Medical Leave ,
Paid Leave ,
Payroll Taxes ,
Secretary of HHS ,
Tax Credits