United States: Tax: Tax Credits Face Increased Enforcement Activity - Crowell & Moring LLP

Friday, 12 January 2024
The IRS has been underfunded for many years, but that changed significantly with the landmark Inflation Reduction Act of 2022 (IRA), which gave the agency an additional $80 billion to be spent over 10 years.

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United States: Inflation Reduction Act: New Guidance On Section 45X Manufacturing Tax Credits - Shearman & Sterling LLP

On December 14, 2023, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released proposed regulation [REG-107423-23]...
Mondaq on January 17, 2024

United States: Tax: Tax Credits Face Increased Enforcement Activity - Crowell & Moring LLP

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United States: Inflation Reduction Act: New Guidance On Section 45X Manufacturing Tax Credits - Shearman & Sterling LLP