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May 22, 2023
On 12 May 2023, the US Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released guidance for the domestic content bonus credit under Sections 45, 45Y, 48, and 48E of the Internal Revenue Code (Code).
May 20, 2023
Notice 2023-38 provides long-awaited and much-needed guidance for taxpayers seeking to capitalize on the IRA’s bonus credits for renewable energy projects. However, these guidelines are not yet finalized as rules.
May 19, 2023
Introduction - On 12 May 2023, the US Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released guidance for the domestic content bonus credit under Sections...
May 18, 2023
A reasonable analysis of the Buy America standards for manufactured products would have resulted in the qualified facility or energy project being treated as the end product. One would...
May 18, 2023
Applicable Project is eligible for Domestic Content Bonus Credit if it satisfies Domestic Content Requirement and the taxpayer timely submits to the IRS the certification described in the Notice and provides clarification on number of issues related to manufactured products