Tax regulations

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.

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

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

New guidance from the IRS in Notice 2024-05 provides a safe harbor for certain vehicles.

The relief will go to roughly 4.7 million taxpayers who weren't sent collection reminder notices during the pandemic.

Individual partners and individual shareholders of S corps can now get a business tax account.

The Treasury is providing additional guidance on the corporate alternative minimum tax for billion-dollar companies.

The new deduction rates apply to electric and hybrid vehicles, as well.

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.