Tax regulations

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.

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.

The Internal Revenue Service's Independent Office of Appeals hopes to improve both service and the experience of its workforce.

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

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.

A short window won't necessarily stop lawmakers from proposing or introducing new legislation, though — if only to position themselves ahead of next November's election.

Among other things, they may unintentionally snare mutual funds, an expert testifies.

The service will postpone the lower threshold, but will phase in a threshold of $5,000 for tax year 2024.

The Treasury and the IRS issued laid out possible regs to update the investment tax credit rules to encompass various forms of renewable energy.

The regulations address new subsections of the law from the SECURE 2.0 Act.

Proposed regulations from the IRS are generally effective beginning in 2024.

Taxpayers will now have through Jan. 10, 2025, to fix a refund claim.