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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.
January 2 -
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.
December 29 -
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 -
Under the draft proposal from the Treasury Department, hydrogen projects would need to adhere to strict environmental requirements.
December 27 -
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.
December 27 -
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 IRS launches a registration tool for clean energy credits, and more guidance on clean hydrogen credits.
December 22 -
The IRS is rolling out a voluntary disclosure program to let businesses pay back Employee Retention Credits they claimed in error.
December 21 -
New guidance from the IRS in Notice 2024-05 provides a safe harbor for certain vehicles.
December 21 -
The relief will go to roughly 4.7 million taxpayers who weren't sent collection reminder notices during the pandemic.
December 20