News & Analysis as of

Inflation Reduction Act (IRA) Tax Returns Tax Credits

Vinson & Elkins LLP

Crux + Vinson & Elkins: Tax Credit Transfers 101: A Guide to the Essential Steps

Vinson & Elkins LLP on

Much has been written about the benefits of tax credit transfers following the passage of the Inflation Reduction Act (IRA), but questions remain as to how to actually effectuate a transfer. This how-to guide provides market...more

Troutman Pepper

FERC Chief Accountant Proposes to Modify Transferability of Income Tax Credits

Troutman Pepper on

On September 12, 2024, FERC’s Chief Accountant issued a notice of proposed accounting release (“NOPAR”) to modify the transferability of income tax credits (“ITCs”) related to certain energy projects under the Inflation...more

Flaster Greenberg PC

Registering Your Clean Energy Project for Direct Pay or Tax Credit Transfer

Flaster Greenberg PC on

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

Mitchell, Williams, Selig, Gates & Woodyard,...

Solar Projects? It's Time for Governmental and Tax-Exempt Entities to File for Applicable Tax Credits

As provided for in the 2022 Inflation Reduction Act (or IRA), entities not subject to taxation such as cities, counties, municipal utilities, school districts and 501(c)(3) organizations (or tax-exempt entities) can now take...more

McDermott Will & Emery

Weekly IRS Roundup September 21 – September 27, 2023

McDermott Will & Emery on

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of September 21, 2023 – September 27, 2023...more

McDermott Will & Emery

Weekly IRS Roundup August 14 – August 18, 2023

McDermott Will & Emery on

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of August 14, 2023 – August 18, 2023...more

Bricker Graydon LLP

IRS Releases Guidance on Elective Payments

Bricker Graydon LLP on

On Wednesday, June 14, 2023, the IRS released its long-awaited initial guidance and proposed regulations regarding the newly created direct payment election methodology. The federal government created this new “elective...more

McDermott Will & Emery

Weekly IRS Roundup May 30 – June 2, 2023

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of May 30, 2023 – June 2, 2023....more

McDermott Will & Emery

Weekly IRS Roundup April 10 – April 14, 2023

McDermott Will & Emery on

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 10, 2023 – April 14, 2023...more

McDermott Will & Emery

Weekly IRS Roundup March 27 – March 31, 2023

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of March 27, 2023 – March 31, 2023...more

McDermott Will & Emery

Weekly IRS Roundup February 13 – February 17, 2023

McDermott Will & Emery on

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of February 13, 2023 – February 17, 2023. ...more

McDermott Will & Emery

Weekly IRS Roundup November 28 – December 2, 2022

McDermott Will & Emery on

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of November 28, 2022 – December 2, 2022...more

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