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Tax Credits American Taxpayer Relief Act

McCarter & English, LLP

Enhanced Opportunities To Benefit From The Employee Retention Credit

The Employee Retention Credit (ERC) was established by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) on March 27, 2020, to encourage businesses to keep employees on their payroll during the pandemic....more

McNees Wallace & Nurick LLC

McNees Insights – Estate Planning: June 2016

Education Tax Credits - There are two tax credits available to help you offset the costs of higher education: the American opportunity credit and the lifetime learning credit. Tax credits are more favorable than deductions...more

K&L Gates LLP

IRS Notice 2013-60 Clarifies Rules on Beginning of Construction

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On September 20, 2013, the U.S. Department of the Treasury (“Treasury”) released Notice 2013-60, which clarifies in important ways the eligibility rules applicable to the investment tax credit (“ITC”) and production tax...more

Stoel Rives LLP

IRS Likely to Supplement "Beginning Construction" Guidance

Stoel Rives LLP on

As most of you are aware, Congress in the "American Taxpayer Relief Act of 2012" eliminated the "placed in service" deadline for purposes of the renewable energy tax credits. In its place, Congress required for purposes of...more

Morgan Lewis

IRS Releases “Start Construction” Guidance for Renewable Energy Facilities

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Long-awaited guidance regarding eligibility for production or investment tax credits largely tracks guidance under the Section 1603 cash grant program....more

K&L Gates LLP

Treasury Releases “Green Book” of Obama Administration FY 2014 Tax Priorities

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On April 10, the Treasury Department released its “General Explanations of the Administration’s Fiscal Year 2014 Revenue Proposals.” Known as the “Green Book,” the document provides an explanation of the Administration’s FY...more

Stinson LLP

Energy Alert: IRS Identifies Two "Begun Construction" Standards To Qualify For Two Tax Credit Opportunities

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The renewable electricity production tax credit and the energy investment tax credit currently offer taxpayers a tax credit for energy produced from qualified facilities. For the PTC, the tax credit covers a ten-year period....more

Foley Hoag LLP - Energy & Climate Counsel

IRS Issues “Beginning Construction” Guidance for PTC and ITC

On April 15, 2013, the Internal Revenue Service issued anticipated guidance defining the new “beginning construction” milestone for Production Tax Credit and Investment Tax Credit eligible energy facilities....more

Ballard Spahr LLP

How the New ‘Fiscal Cliff’ Law Affects the Municipal Bond Market

Ballard Spahr LLP on

The American Taxpayer Relief Act of 2012 (the Act), passed by the Senate and the House and Representatives on New Year’s Day and signed by the President on January 2, 2013, includes several direct and indirect consequences...more

K&L Gates LLP

Fiscal Cliff II: What’s Next For Tax Reform?

K&L Gates LLP on

On January 1, 2013, the Senate and House of Representatives passed the American Taxpayer Relief Act of 2012 (“ATRA”), signed into law by President Obama on January 2. ATRA averts the “fiscal cliff” by making permanent the...more

Greenberg Glusker LLP

Fiscal Cliff Deal Extends $5 Million Estate and Gift Tax Credit and Generation-Skipping Transfer Tax Exemption, but Increases Tax...

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The bill passed by Congress on January 1, 2013, to avoid the “fiscal cliff,” which is expected to be signed into law by President Obama shortly, permanently extends the favorable gift, estate and generation-skipping transfer...more

Skadden, Arps, Slate, Meagher & Flom LLP

"Temporary ‘Fiscal Cliff’ Solution Yields Important Tax Changes"

On January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012 (the TRA of 2012), which permanently extends certain federal income tax rate reductions first enacted in 2001 that were scheduled to expire...more

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