Section 6418 of the Internal Revenue Code (as added by the Inflation Reduction Act of 2022) allows an eligible taxpayer that qualifies for certain clean energy tax credits, including investment tax credits and production tax...more
2/19/2024
/ Clean Energy ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
Investment Tax Credits ,
IRS ,
Partnerships ,
Passive Investments ,
Production Tax Credit ,
Proposed Regulation ,
Tax Credits ,
Tax Registration Numbers ,
Third-Party
On February 19, 2020, the IRS issued two guidance items concerning the tax credit for carbon oxide sequestration (COS) under section 45Q: Notice 2020-12 and Revenue Procedure 2020-12. The new guidance is very similar to IRS...more
3/3/2020
/ Carbon Capture and Sequestration ,
Carbon Emissions ,
Energy Projects ,
Greenhouse Gas Emissions ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Investors ,
IRS ,
New Guidance ,
Partnerships ,
Revenue Procedures ,
Safe Harbors ,
Tax Credits ,
Tax Planning
The Treasury Department and Internal Revenue Service issued proposed regulations and other guidance on the new "opportunity zone" tax incentive on October 19, 2018. This tax incentive encourages investment in certain...more
10/29/2018
/ Capital Gains ,
Economic Development ,
Financial Statements ,
Income Taxes ,
Investment Funds ,
IRS ,
Opportunity Zones ,
Partnerships ,
Proposed Regulation ,
S-Corporation ,
Tangible Property ,
Tax Incentives ,
U.S. Treasury