All U.S. closely held businesses just received a warning from the highest court in the land that they should review their succession plans (or else risk a higher tax bill for the estates of their owners). On June 6, 2024, the...more
6/17/2024
/ Business Ownership ,
Business Succession ,
Buy-Sell Agreements ,
Closely Held Businesses ,
Connelly v United States ,
Estate Planning ,
Estate Tax ,
Fair Market Value ,
IRS ,
Life Insurance ,
Redemption Agreement ,
SCOTUS ,
Shareholders ,
Small Business ,
Survivorship
On May 16, 2024, the Department of the Treasury and the IRS announced the release of Notice 2024-41, which clarifies the safe harbor for classification of project components created in Notice 2023-38 and provides a new safe...more
5/22/2024
/ Buy America ,
Clean Energy ,
Energy Projects ,
Energy Tax Incentives ,
Inflation Reduction Act (IRA) ,
Investment ,
Investors ,
IRS ,
Lenders ,
New Guidance ,
Safe Harbors ,
Tax Credits ,
Technology ,
U.S. Treasury ,
Wind Power
The Inflation Reduction Act of 2022 (the “Act”) breathed new life into the tax scheme for renewable energy projects, creating a new base tax credit with a series of adders that can significantly increase viability of projects...more
8/17/2023
/ Capacity Allocation ,
Department of Energy (DOE) ,
Electricity ,
Energy Projects ,
Energy Sector ,
Environmental Justice ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
Investment Tax Credits ,
IRS ,
Low Income Housing ,
Production Tax Credit ,
Renewable Energy ,
Solar Energy ,
Tax Credits ,
Tribal Lands ,
U.S. Treasury ,
Wind Power