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Inflation Reduction Act (IRA) Internal Revenue Service Federal Funding

Alston & Bird

Look Ahead to the Week of March 10: Will Congress Avoid a Government Shutdown?

Alston & Bird on

Both chambers are in session this week, although the House is scheduled to leave early to accommodate the House Democrats’ annual policy retreat.  The focus this week will be on preventing a government shutdown, with federal...more

Husch Blackwell LLP

IRS Takes Aim at High Earners, Large Partnerships, and Corporations Using AI

Husch Blackwell LLP on

When the Inflation Reduction Act was passed last year, the legislation included massive funding increases for the Internal Revenue Service (IRS). The initial narratives regarding the funding increases focused primarily on...more

Holland & Knight LLP

Treasury Department and IRS Release Direct Pay and Transferability Guidance

Holland & Knight LLP on

The U.S. Department of the Treasury and IRS on June 14, 2023, released two notices of proposed rulemaking (NOPRs) regarding the direct payment of tax credits under Section 6417 of the Internal Revenue Code (Elective Payment...more

Pillsbury Winthrop Shaw Pittman LLP

Application Windows Opening for New Federal Funding

With more application windows for projects across the infrastructure, energy and technology sectors opening in the first three quarters of 2023, businesses should begin preparing now. Applicants must meet certain compliance...more

Husch Blackwell LLP

Inflation Reduction Act to Greatly Increase IRS Funding

Husch Blackwell LLP on

The Inflation Reduction Act of 2022 (IRA) includes increased Internal Revenue Service (IRS) funding in the amount of approximately $80 billion over ten years. According to a Congressional Research Service report, the law...more

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