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48C vs. 45X: Which Inflation Reduction Act Tax Credit Should You Claim?

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48C vs. 45X: Which Inflation Reduction Act Tax Credit Should You Claim?

September 21, 2023

Do you know which Inflation Reduction Act credit is best for your business? Compare the 45X and 48C credits and understand the rules for claiming them with this questionnaire.

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Article

Possible Opportunities to Correct Transaction Errors

September 21, 2023
Article

Possible Opportunities to Correct Transaction Errors

September 21, 2023

Potential opportunities to correct errors in executed agreements with retroactive effect back to the date of the transaction, relying on substance-over-form arguments, the rescission doctrine, or a state law reformation.

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Article

IRS Accepting Applicants for the 2024 Compliance Assurance Process

September 21, 2023
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IRS Accepting Applicants for the 2024 Compliance Assurance Process

September 21, 2023

The IRS recently announced the opening of the application period for the 2024 Compliance Assurance Process (CAP) program. Applications will be accepted from September 6 until October 31, 2023, and the IRS will inform applicants if they are accepted into the program in February 2024.

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Article

The Challenge to the Section 965 Transition Tax: What a Supreme Court Ruling Could Mean for Taxpayers

September 21, 2023
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The Challenge to the Section 965 Transition Tax: What a Supreme Court Ruling Could Mean for Taxpayers

September 21, 2023

The Supreme Court of the United States has agreed to review a challenge to the constitutionality of the Section 965 repatriation tax enacted by the 2017 Tax Cuts and Jobs Act (TCJA) and imposed on U.S. shareholders.

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