Join Williams Mullen partners for our in-person Winter Tax Forum on Wednesday, January 31, 2024. Our speakers, Farhad Aghdami, Jenny Connors, Conrad Garcia and Beth Hungate-Noland will present on partnership aggregators and...more
On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (Act) into law. The Act broadly addresses climate change, taxes, health care and inflation....more
8/19/2022
/ Biden Administration ,
Clean Energy ,
Climate Change ,
Defense Production Act ,
Energy Projects ,
Energy Tax Incentives ,
Environmental Protection Agency (EPA) ,
Federal Funding ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
Production Tax Credit ,
Renewable Energy ,
Renewable Energy Incentives ,
Tax Credits
The IRS has released 26 CFR Part 1, resolving questions regarding the five-year period to claim rehabilitation credits for qualified rehabilitation buildings (QRBs). Prior to the proposed regulation, practitioners were...more
On July 21, 2016, the IRS issued long-awaited regulations under Section 50 of the Internal Revenue Code (the “Code”) clarifying the manner in which “Section 50(d) Income” is to be recognized in lease pass-through investment...more
7/29/2016
/ Energy Sector ,
Energy Tax Incentives ,
Historical Rehabilitation ,
Income Taxes ,
Investment Property ,
Investment Tax Credits ,
IRS ,
Land Developers ,
Lessee ,
Partnerships ,
S-Corporation ,
Tax Credits
The Internal Revenue Service (“IRS”) recently issued guidance in Rev. Proc. 2014-12, providing a safe harbor for the allocation of IRC Sec. 47 rehabilitation tax credits in tax credit partnerships under IRC Sec. 704(b). The...more