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Income Taxes Tax Credits Private Letter Rulings

Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect... more +
Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect income taxes based on a progressive scheme, while others may utilize a proportional or regressive framework. less -
Foley & Lardner LLP

IRS Releases Favorable Guidance for Individual Investors in Community Solar to Claim Section 25D Tax Credit

Foley & Lardner LLP on

The IRS recently issued a Private Letter Ruling (PLR) clarifying that an individual investor in a net-metered community solar project may claim the federal residential Investment Tax Credit (ITC) under Section 25D of the...more

Stoel Rives LLP

IRS Opens Door for Community Solar Investors to Qualify for Federal Tax Credits

Stoel Rives LLP on

The Internal Revenue Service issued a private letter ruling this week to an individual owner of solar panels installed in an off-site net-metered community solar garden. In the Ruling, the Service confirmed the individual’s...more

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