Search for: "Department of the Treasury, Internal Revenue Service" Results 141 - 160 of 1,527
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22 Jun 2023, 10:00 pm
On June 14, 2023, the Internal Revenue Service and US Department of the Treasury released temporary regulations and proposed regulations (collectively, the Transferability Guidance) relating to the transfer of certain clean technology industry federal income tax credits pursuant to Section 6418 of the Internal Revenue Code of 1986, as amended, which was enacted under the Inflation Reduction Act of 2022. [read post]
22 Jun 2023, 10:00 pm
On June 14, 2023, the Internal Revenue Service and US Department of the Treasury released temporary regulations and proposed regulations (collectively, the Transferability Guidance) relating to the transfer of certain clean technology industry federal income tax credits pursuant to Section 6418 of the Internal Revenue Code of 1986, as amended, which was enacted under the Inflation Reduction Act of 2022. [read post]
22 Jun 2023, 10:00 pm
The Internal Revenue Service (IRS) and US Treasury Department released on June 14, 2023 proposed regulations on the direct payment regime, which guidance should help organizations evaluate whether to engage in clean energy projects. [read post]
16 Jun 2023, 6:40 am by Adam Schurle and Tori Roessler
The Internal Revenue Service (“IRS”) and Department of the Treasury earlier this week released extensive proposed regulations relating to direct cash payments for certain tax credits pursuant to Section 6417 of the Internal Revenue Code (the “Code”) (the “Proposed Direct Payment Rules”) and transfers of certain tax credits pursuant to Section 6418 of the Code (the “Proposed Credit Transfer… [read post]
15 Jun 2023, 6:39 am by zola.support.team
In addition to the usual suspects – local police departments, the Federal Bureau of Investigation (FBI), and the Department of Justice (DOJ) – the Securities and Exchange Commission (SEC), the Internal Revenue Service (IRS), the U.S. [read post]
5 Jun 2023, 6:25 am by Guest Author
As interpreted by Treasury/IRS, the Internal Revenue Code imposes penalties upon taxpayers and their advisers if they do not comply with Treasury/IRS regulations. [read post]
2 Jun 2023, 4:25 am by Public Employment Law Press
The Department of the Treasury recently published final regulations, implementing the reduced electronic threshold under Section 2301 of the Taxpayer First Act of 2019 (TFA). [read post]
2 Jun 2023, 4:25 am by Public Employment Law Press
The Department of the Treasury recently published final regulations, implementing the reduced electronic threshold under Section 2301 of the Taxpayer First Act of 2019 (TFA). [read post]
1 Jun 2023, 5:51 am by Ted Semaya, Esq.
Copy at, e.g., https://www.law.cornell.edu/uscode/text/31/5336 [2] The responsible regulator is the Financial Crimes Enforcement Network (FinCEN) of the United States Treasury Department. [read post]
31 May 2023, 2:33 pm by Kayley McGrath
The Internal Revenue Service (IRS) and the Treasury Department released guidance last month on the bonus credit available for certain production and investment tax credits issued to qualified projects located in “energy communities” pursuant to the Inflation Reduction Act of 2022 (IRA). [read post]
26 May 2023, 11:00 pm
Since generational wealth and family legacies have been built on this tax deferral strategy, it may explain why the federal government has been looking into modifying its structure and use.According to the Department of Treasury’s general explanations of President Biden’s proposed budget, “Any gains from like-kind exchanges in excess of $500,000 -- or $1 million in the case of married individuals filing a joint return -- in a year would be recognized … in… [read post]
25 May 2023, 12:01 pm by Paul Caron
Treasury Department), The Inflation Reduction Act's Impact on Tax Compliance—and Fiscal Sustainability: The Inflation Reduction Act (IRA) includes a once-in-a-generation investment in the Internal Revenue Service... [read post]
25 May 2023, 6:05 am by Scott Paul
On the other side of the ledger, Treasury addresses the fact that the revenue potential – even more than costs – tends to determine access to financial services. [read post]
24 May 2023, 6:37 am by Paula Junghans
These allegations are consistent with the Department of Justice’s court filings in Cohen’s federal criminal case. [read post]
On May 12, 2023, the Department of Treasury and the Internal Revenue Service (IRS) released Notice 2023-38 (Notice), stating that they intend to propose regulations to address the requirements taxpayers must satisfy when claiming domestic content bonus credit amounts provided by the Inflation Reduction Act under Internal Revenue Code (IRC) Sections 45, 45Y, 48, and 48E. [read post]
17 May 2023, 10:00 pm
The Internal Revenue Service and US Department of the Treasury released Notice 2023-38 on May 12, which establishes rules for testing an applicable “green” energy facility’s eligibility for a bonus federal income tax credit amount (or “adder”) attributable to the steel, iron, or manufactured product that is a component of such facility being produced in the United States as enacted under the Inflation Reduction Act of 2022. [read post]
17 May 2023, 10:00 pm
The Internal Revenue Service and US Department of the Treasury released Notice 2023-38 on May 12, which establishes rules for testing an applicable “green” energy facility’s eligibility for a bonus federal income tax credit amount (or “adder”) attributable to the steel, iron, or manufactured product that is a component of such facility being produced in the United States as enacted under the Inflation Reduction Act of 2022. [read post]