The IRS continues to issue guidelines regarding the tax credit provisions of Sections 45Y and 48E of the Internal Revenue Code, as amended (IRC). The latest notice was issued as Notice 2025-42 on Aug. 15, 2025 (Notice)...more
8/22/2025
/ Energy Sector ,
Energy Tax Incentives ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
Popular ,
Renewable Energy ,
Renewable Energy Incentives ,
Tax Credits ,
Tax Planning ,
U.S. Treasury
Late last year the Internal Revenue Service released Publication 5884 (“Inflation Reduction Act and CHIPS Act of 2022 Pre-Filing Registration Tool User Guide and Instructions”), which provides instructions to taxpayers...more
The Department of the Treasury and Internal Revenue Service continue to issue guidance regarding the Inflation Reduction Act of 2022 (IRA), which modified and extended the clean energy investment tax credit (ITC) under...more
12/13/2023
/ Airports ,
Clean Energy ,
Energy Projects ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
Investment Tax Credits ,
IRS ,
Microgrids ,
NPRM ,
Renewable Energy ,
Solar Energy ,
Tax Incentives ,
U.S. Treasury ,
Wind Power
On August 29, 2023, the Department of the Treasury and the Internal Revenue Service (IRS) released proposed regulations implementing the Prevailing Wage and Registered Apprenticeship provisions of the Inflation Reduction Act...more
As noted in a previous Legal Alert, the United States Department of the Treasury and the Internal Revenue Service issued guidance in June pertaining to the “Direct Payment Option” available for tax credits under the Inflation...more
On May 31 the Internal Revenue Service issued its second round of guidance for those entities wishing to obtain tax credits from clean energy projects as part of the $10B program contained within the Inflation Reduction Act...more