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The Treasury Department and the Internal Revenue Service issued guidance for producers of clean electricity and other forms of renewable energy if they begin constructing projects next year that fall short of the necessary requirements for domestically manufactured components.
December 28 -
The Internal Revenue Service and the Treasury Department have issued a notice saying they intend to propose regulations to address the capitalization and amortization of specified research and experimental expenditures.
December 26 -
The White House is taking aim at global money laundering in line with a UN effort, but some sectors of the economy are falling prey to criminal activity.
December 15 -
The Treasury is providing additional guidance on the corporate alternative minimum tax for billion-dollar companies.
December 15 -
Beginning Jan. 1, 2024, tens of millions of small businesses must file beneficial ownership information reports.
December 15Wolters Kluwer Tax & Accounting North America -
The U.S. has spelled out new rules for tax credits manufacturers can receive for domestically producing parts necessary for the energy transition — and there's a clear divide for miners and processors.
December 14 -
High-stakes Treasury guidance for claiming hydrogen production tax credits has drawn the ire of Senator Joe Manchin.
December 14 -
The Treasury Department and the Internal Revenue Service expect to issue proposed regulations to address the application of the foreign tax credit and related rules.
December 11 -
With steep penalties of up to $500 per day for each day a BOI report is late, business owners will want to make sure they get theirs in on time.
December 8CorpNet.com -
The rules, which aren't finalized, include measures sought by environmentalists that would require hydrogen-production operations to be powered by wind, solar or other clean-power projects built within the last three years to qualify for a $3-per-kilogram credit.
December 5