As covered in our prior alerts, the Inflation Reduction Act[1] (IRA) modified and reinstated existing renewable energy credits, enacted new renewable energy credits, and enacted under § 6417 an election that allows applicable...more
As covered in our prior alert, the Inflation Reduction Act[2] (IRA) modified and reinstated existing renewable energy credits and enacted new renewable energy credits. The IRA also enacted two novel alternatives to tax equity...more
On July 31, the IRS and the Treasury Department released long-awaited proposed regulations on the Section 1061 “carried interest” rules. The proposed regulations include extensive definitional and operational rules on the...more
Taxpayers May Delay Both Filing Tax Returns and Paying Some Taxes for 90 Days - Q: Congressional and Treasury Action to Date: What have Congress and the Treasury Department done in response to the COVID-19 crisis so far that...more
Q: Congressional and Treasury Action to Date: What have Congress and the Treasury Department done in response to the COVID-19 crisis so far that may be of interest to businesses?...more