Tax credits

The Internal Revenue Service is extending the period for dealers and sellers of so-called "clean" vehicles such as electric cars to submit time-of-sale reports by a few days to qualify for tax credits.

Businesses eager to see Congress revive expired research and investment tax breaks have reason for optimism that a deal could come together as soon as this month.

Narrower criteria reduced the number of qualifying models from about two dozen. The new rules exclude from the tax credit vehicles that use battery components made by Chinese manufacturers.

What do these changes mean for taxpayers and how can accountants help manage the impact?

The Internal Revenue Service and Treasury plan to propose regulations on a requirement for a product identification number, and they're asking for comments ahead of time on the PIN requirement.

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.

Under the draft proposal from the Treasury Department, hydrogen projects would need to adhere to strict environmental requirements.

The Internal Revenue Service has updated its frequently asked questions to offer more guidance on what kinds of components can be used in electric vehicles to qualify for tax credits.

The IRS launches a registration tool for clean energy credits, and more guidance on clean hydrogen credits.

A look at the credits, regulations and other tax developments that will shape the coming tax season.

Proposed rules from the Treasury and IRS raise worries that they may stifle the nascent fuel.

Proposed rules from the Treasury and the IRS would mean nuclear power producers can't tap into credit for producing clean hydrogen.

The IRS is rolling out a voluntary disclosure program to let businesses pay back Employee Retention Credits they claimed in error.

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.

High-stakes Treasury guidance for claiming hydrogen production tax credits has drawn the ire of Senator Joe Manchin.

Tax credits and incentives advisory firm ETS has scored a minority investment from a venture services firm.

The service is sending 20,000 disallowance letters, with more action and a voluntary disclosure program coming.

The Internal Revenue Service is continuing to combat scammers and promoters encouraging businesses to file claims for the tax credit.

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.

The guidelines set a 25% ownership threshold for a company or group to be classified as a foreign entity of concern.