The final regulations adopt the provisions of the previously proposed regulations with modest modifications and clarifications.
The registration portal for transferring tax credits is open, and no significant changes have...more
5/6/2024
/ Clean Fuels Program (CFP) ,
Final Rules ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Partnerships ,
Passive Activity ,
Registration Requirement ,
Regulatory Standards ,
Renewable Energy Incentives ,
S-Corporation ,
Tax Credits ,
Tax Returns ,
U.S. Treasury
Under Section 6417 of the Internal Revenue Code (IRC), “applicable entities” and certain electing taxpayers can elect to treat various renewable energy tax credits as payments against tax, essentially making those credits...more
3/19/2024
/ Business Entities ,
Comment Period ,
Internal Revenue Code (IRC) ,
IRS ,
Joint Ownership ,
Partnerships ,
Proposed Regulation ,
Regulatory Agenda ,
Tax Credits ,
Tax Reform ,
Taxation ,
U.S. Treasury