JD Supra

Treasury and IRS Issue Final and Proposed Regulations Expanding Applicable Entities’ Ability to Elect Direct Pay in Connection With Credit Property Owned Indirectly Through ...

On November 19, 2024, the Treasury Department and the Internal Revenue Service issued final regulations under Internal Revenue Code (Code) Section 761 (the Final Regulations) enabling certain entities ...
JD Supra

Treasury Department and IRS Issue Final Regulations and Other Guidance on the Direct Pay Election under Section 6417 of the Internal Revenue Code

Certain entities filing tax returns for the first time solely to make direct pay elections are afforded flexibility to adopt their fiscal year or the calendar year for purposes of making such ...